Senseonics Holdings Inc. (SENS) receives an Underperform rating from Jefferies

Senseonics Holdings Inc.’s filing revealed that its Director Larkin Sharon unloaded Company’s shares for reported $18842.0 on Sep 07. In the deal valued at $0.61 per share,30,889 shares were sold. As a result of this transaction, Larkin Sharon now holds 292,476 shares worth roughly $ 0.15 million.

Then, ROEDER DOUGLAS A bought 300,000 shares, generating $162,000 in total proceeds. Upon buying the shares at $0.54, the Director now owns 807,988 shares.

Jefferies initiated its Senseonics Holdings Inc. [SENS] rating to an Underperform in a research note published on Monday, July 19, 2023; the price target was $0.50. PT values the company’s stock at a premium of 0.0 to its Monday closing price.

Price Performance Review of SENS

On Monday, Senseonics Holdings Inc. [AMEX:SENS] saw its stock fall -8.76% to $0.50. On the same session, the stock had its day’s lowest price of $0.49, but rose to a high of $0.56. Over the last five days, the stock has lost -19.61%. Senseonics Holdings Inc. shares have fallen nearly -51.46% since the year began. Nevertheless, the stocks have fallen -67.95% over the past one year. While a 52-week high of $1.63 was reached on 02/03/23, a 52-week low of $0.50 was recorded on 09/18/23. SMA at 50 days reached $0.7094, while 200 days put it at $0.8362. A total of 10.82 million shares were traded, compared to the trading of 3.03 million shares in the previous session.

Levels Of Support And Resistance For SENS Stock

The 24-hour chart illustrates a support level at 0.4734, which if violated will result in even more drops to 0.4467. On the upside, there is a resistance level at 0.5433. A further resistance level may holdings at 0.5865. The Relative Strength Index (RSI) on the 14-day chart is 35.76, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.0345, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 93.54%. Stochastics %K at 25.25% indicates the stock is a holding.

How much short interest is there in Senseonics Holdings Inc.?

A steep rise in short interest was recorded in Senseonics Holdings Inc. stocks on Aug 30, 2023, growing by 7.13 million shares to a total of 55.78 million shares. Yahoo Finance data shows the prior-month short interest on Jul 30, 2023 was 48.65 million shares. There was a rise of 12.78%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 11.75% of the overall stock float, the days-to-cover ratio (short ratio) rose to 8.84.

Senseonics Holdings Inc. [SENS] – Who Are The Largest Shareholders?

In filings from The Vanguard Group, Inc., it is revealed that the company now owns 21,877,241 shares, or roughly 4.44% of the outstanding SENS shares. In other words, the investor’s shares have fallen by -1,325,114 from its previous 13-F filing of 23202355.0. Additionally, BlackRock Fund Advisors decreased -65.48% of its stake after which the total value it holdings stand at $5,175,062. Over the last quarter, Millennium Management LLC purchased 6,383,157 shares of Senseonics Holdings Inc., while SSgA Funds Management, Inc. bought -6,501,250 shares. At present, Geode Capital Management LLC is holding 4,759,195 shares valued at $2.42 million. Charles Schwab Investment Managem owned 2,492,793 shares of the company at the time of its most recent 13F filing, worth $1.27 million.

According to FactSet, Senseonics Holdings Inc.’s share price will average $1.67 in the next year, based on opinions of analysts polled by the firm. This is up nearly 263.64 percent from its previous closing price of $0.55. Analysts expect Senseonics Holdings Inc. stock to reach the higher price of $2.50, while the lowest price estimate is $0.50. However, 5 analysts have rated SENS stock as a Hold in their predictions for 2023.