Senseonics Holdings Inc (SENS) Shares Down 8.8%

Senseonics Holdings Inc (NASDAQ:SENS) traded down 8.8% on Monday . The company traded as low as $2.65 and last traded at $2.70. 1,098,043 shares traded hands during trading, an increase of 36% from the average session volume of 809,992 shares. The stock had previously closed at $2.96.

A number of equities research analysts recently weighed in on the company. Zacks Investment Research lowered Senseonics Holdings from a “hold” rating to a “sell” rating in a research report on Wednesday, August 9th. Canaccord Genuity restated a “buy” rating on shares of Senseonics Holdings in a research report on Thursday, September 28th.

The company has a 50-day moving average of $3.13 and a 200 day moving average of $3.13. The company’s market cap is $332.64 million.

Senseonics Holdings (NASDAQ:SENS) last released its earnings results on Wednesday, August 9th. The company reported ($0.12) EPS for the quarter, beating the Zacks’ consensus estimate of ($0.13) by $0.01. The firm had revenue of $0.81 million during the quarter, compared to the consensus estimate of $0.81 million. On average, analysts anticipate that Senseonics Holdings Inc will post ($0.54) earnings per share for the current fiscal year.

In other news, COO Mukul Jain sold 11,885 shares of the firm’s stock in a transaction dated Monday, October 2nd. The stock was sold at an average price of $3.25, for a total transaction of $38,626.25. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.

Large investors have recently made changes to their positions in the company. Renaissance Technologies LLC bought a new position in shares of Senseonics Holdings during the first quarter valued at about $111,000. Raymond James Financial Services Advisors Inc. bought a new position in shares of Senseonics Holdings during the first quarter valued at about $147,000. Susquehanna International Group LLP bought a new position in shares of Senseonics Holdings during the second quarter valued at about $155,000. LMR Partners LLP bought a new position in shares of Senseonics Holdings during the second quarter valued at about $177,000. Finally, Goldman Sachs Group Inc. bought a new position in shares of Senseonics Holdings during the second quarter valued at about $276,000.

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About Senseonics Holdings

Senseonics Holdings, Inc is a medical technology company. The Company focuses on the design, development and commercialization of glucose monitoring systems. The Company operates through glucose monitoring systems segment. It offers a continuous glucose monitoring (CGM) system, Eversense, which is designed an implantable CGM system designed to continually measure glucose levels in people with diabetes.

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