Senseonics (NYSE:SENS) Trading Down 4.9% - What's Next?

Senseonics Holdings, Inc. (NYSE:SENS - Get Free Report) shares were down 4.9% during mid-day trading on Wednesday . The company traded as low as $0.70 and last traded at $0.72. Approximately 2,561,694 shares changed hands during mid-day trading, a decline of 59% from the average daily volume of 6,253,141 shares. The stock had previously closed at $0.76.

Analyst Ratings Changes

A number of equities analysts have commented on the stock. HC Wainwright reaffirmed a "buy" rating and set a $2.00 target price on shares of Senseonics in a research note on Wednesday, March 5th. StockNews.com started coverage on shares of Senseonics in a report on Thursday, December 26th. They set a "sell" rating for the company.

Senseonics Trading Down 4.4 %

The firm has a market cap of $440.33 million, a price-to-earnings ratio of -5.20 and a beta of 1.17. The company has a debt-to-equity ratio of 59.17, a quick ratio of 2.38 and a current ratio of 2.47. The company has a 50 day moving average price of $0.88 and a 200 day moving average price of $0.57.

Senseonics (NYSE:SENS - Get Free Report) last posted its earnings results on Monday, March 3rd. The company reported ($0.12) EPS for the quarter, missing analysts' consensus estimates of ($0.03) by ($0.09). Senseonics had a negative net margin of 362.30% and a negative return on equity of 842.25%. During the same quarter last year, the firm posted ($0.07) earnings per share. On average, research analysts expect that Senseonics Holdings, Inc. will post -0.14 earnings per share for the current year.

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Hedge Funds Weigh In On Senseonics

Hedge funds have recently made changes to their positions in the stock. Two Sigma Investments LP acquired a new position in Senseonics during the fourth quarter worth $36,000. Millennium Management LLC lifted its stake in Senseonics by 299.0% during the 4th quarter. Millennium Management LLC now owns 1,088,029 shares of the company's stock worth $569,000 after acquiring an additional 815,332 shares in the last quarter. Jane Street Group LLC boosted its holdings in Senseonics by 6,694.1% during the 4th quarter. Jane Street Group LLC now owns 6,118,786 shares of the company's stock valued at $3,203,000 after acquiring an additional 6,028,726 shares during the period. First Light Asset Management LLC purchased a new position in Senseonics during the 4th quarter valued at about $3,366,000. Finally, Northern Trust Corp grew its position in Senseonics by 11.2% in the 4th quarter. Northern Trust Corp now owns 1,194,960 shares of the company's stock valued at $625,000 after acquiring an additional 120,441 shares in the last quarter. Hedge funds and other institutional investors own 12.36% of the company's stock.

Senseonics Company Profile

Senseonics Holdings, Inc, a medical technology company, focuses on development and manufacturing of continuous glucose monitoring (CGM) systems for people with diabetes in the United States and internationally. The company's products include Eversense, Eversense XL, and Eversense E3 that are implantable CGM systems to measure glucose levels in people with diabetes through an under-the-skin sensor, a removable and rechargeable smart transmitter, and a convenient app for real-time diabetes monitoring and management.