$1.51 Million in Sales Expected for Senseonics Holdings Inc (SENS) This Quarter
Wall Street analysts expect Senseonics Holdings Inc (NASDAQ:SENS) to post $1.51 million in sales for the current fiscal quarter, according to Zacks. Two analysts have provided estimates for Senseonics Holdings’ earnings, with the highest sales estimate coming in at $1.52 million and the lowest estimate coming in at $1.51 million. Senseonics Holdings posted sales of $40,000.00 in the same quarter last year, which suggests a positive year-over-year growth rate of 3,675%. The firm is expected to announce its next earnings report on Thursday, November 2nd.
On average, analysts expect that Senseonics Holdings will report full year sales of $1.51 million for the current year, with estimates ranging from $5.60 million to $6.15 million. For the next financial year, analysts expect that the company will report sales of $33.46 million per share, with estimates ranging from $27.00 million to $39.91 million. Zacks’ sales averages are an average based on a survey of sell-side research firms that follow Senseonics Holdings.
Senseonics Holdings (NASDAQ:SENS) last announced its quarterly earnings results on Wednesday, August 9th. The company reported ($0.12) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.13) by $0.01. The business had revenue of $0.81 million for the quarter, compared to analyst estimates of $0.81 million.
A number of brokerages have recently commented on SENS. Zacks Investment Research raised shares of Senseonics Holdings from a “sell” rating to a “hold” rating in a research report on Tuesday, August 15th. BTIG Research reissued a “buy” rating and issued a $4.50 price objective on shares of Senseonics Holdings in a research report on Sunday, May 28th.
In other news, COO Mukul Jain sold 13,115 shares of the business’s stock in a transaction on Monday, September 11th. The shares were sold at an average price of $3.25, for a total value of $42,623.75. Following the sale, the chief operating officer now owns 13,115 shares of the company’s stock, valued at $42,623.75. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website.
A number of hedge funds and other institutional investors have recently bought and sold shares of SENS. Raymond James Financial Services Advisors Inc. bought a new stake in Senseonics Holdings during the first quarter worth $147,000. Renaissance Technologies LLC bought a new stake in Senseonics Holdings during the first quarter worth $111,000. HarbourVest Partners LLC bought a new stake in Senseonics Holdings during the first quarter worth $470,000. Blackstone Group L.P. bought a new stake in Senseonics Holdings during the first quarter worth $614,000. Finally, ING Groep NV raised its position in Senseonics Holdings by 87.7% during the second quarter. ING Groep NV now owns 225,833 shares of the company’s stock worth $406,000 after acquiring an additional 105,494 shares in the last quarter.
Senseonics Holdings (NASDAQ SENS) opened at 3.19 on Friday. Senseonics Holdings has a 52 week low of $2.15 and a 52 week high of $4.05. The firm’s market cap is $393.01 million. The stock’s 50 day moving average is $3.09 and its 200 day moving average is $2.74.
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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