$1.51 Million in Sales Expected for Senseonics Holdings Inc (SENS) This Quarter
Analysts expect that Senseonics Holdings Inc (NASDAQ:SENS) will announce sales of $1.51 million for the current quarter, Zacks reports. Two analysts have provided estimates for Senseonics Holdings’ earnings, with estimates ranging from $1.51 million to $1.52 million. Senseonics Holdings reported sales of $40,000.00 during the same quarter last year, which would suggest a positive year-over-year growth rate of 3,675%. The company is scheduled to report its next earnings report after the market closes on Tuesday, October 31st.
According to Zacks, analysts expect that Senseonics Holdings will report full-year sales of $1.51 million for the current fiscal year, with estimates ranging from $5.60 million to $6.15 million. For the next year, analysts anticipate that the firm will post sales of $33.46 million per share, with estimates ranging from $27.00 million to $39.91 million. Zacks’ sales calculations are a mean average based on a survey of analysts that that provide coverage for Senseonics Holdings.
Senseonics Holdings (NASDAQ:SENS) last posted its quarterly earnings results on Wednesday, August 9th. The company reported ($0.12) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.13) by $0.01. The company had revenue of $0.81 million during the quarter, compared to analyst estimates of $0.81 million.
Several research firms recently weighed in on SENS. Canaccord Genuity restated a “buy” rating on shares of Senseonics Holdings in a research report on Thursday, September 28th. Zacks Investment Research upgraded shares of Senseonics Holdings from a “sell” rating to a “hold” rating in a research report on Tuesday, August 15th.
Shares of Senseonics Holdings (NASDAQ:SENS) opened at 2.43 on Tuesday. Senseonics Holdings has a 1-year low of $1.26 and a 1-year high of $3.67. The firm’s market capitalization is $299.38 million. The stock has a 50 day moving average of $3.02 and a 200-day moving average of $3.02.
In other Senseonics Holdings news, COO Mukul Jain sold 11,885 shares of the stock in a transaction that occurred on Monday, October 2nd. The shares were 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 can be accessed through this hyperlink.
A number of hedge funds and other institutional investors have recently modified their holdings of SENS. Raymond James Financial Services Advisors Inc. bought a new position in Senseonics Holdings during the first quarter valued at approximately $147,000. Renaissance Technologies LLC bought a new position in Senseonics Holdings during the first quarter valued at approximately $111,000. ING Groep NV grew 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 valued at $406,000 after acquiring an additional 105,494 shares during the last quarter. NEA Management Company LLC grew its position in Senseonics Holdings by 27.1% during the second quarter. NEA Management Company LLC now owns 33,425,275 shares of the company’s stock valued at $60,165,000 after acquiring an additional 7,119,989 shares during the last quarter. Finally, LMR Partners LLP bought a new position in Senseonics Holdings during the second quarter valued at approximately $177,000.
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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