Citigroup Inc. Makes New $67,000 Investment in Eargo, Inc. (NASDAQ:EAR)

Citigroup Inc. purchased a new position in shares of Eargo, Inc. (NASDAQ:EAR) during the 4th quarter, Holdings Channel reports. The institutional investor purchased 1,499 shares of the company’s stock, valued at approximately $67,000.

A number of other large investors have also recently modified their holdings of EAR. Alliancebernstein L.P. purchased a new stake in Eargo during the 4th quarter worth approximately $41,808,000. BlackRock Inc. acquired a new stake in Eargo in the fourth quarter valued at $34,126,000. Board of Trustees of The Leland Stanford Junior University bought a new position in Eargo during the 4th quarter valued at $19,200,000. Victory Capital Management Inc. acquired a new position in Eargo in the fourth quarter worth about $15,737,000. Finally, Lisanti Capital Growth LLC bought a new stake in Eargo in the fourth quarter valued at about $2,368,000.

Eargo stock opened at $51.18 on Thursday. Eargo, Inc. has a 52 week low of $32.58 and a 52 week high of $76.75. The firm’s 50-day moving average is $55.60.

Eargo (NASDAQ:EAR) last announced its quarterly earnings data on Thursday, February 25th. The company reported ($0.39) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.21) by ($0.18). The business had revenue of $22.38 million during the quarter, compared to the consensus estimate of $22.20 million. Equities research analysts forecast that Eargo, Inc. will post -0.97 earnings per share for the current year.

Several research firms recently issued reports on EAR. Wells Fargo & Company upped their price target on Eargo from $53.00 to $60.00 in a research report on Wednesday, January 13th. Zacks Investment Research raised shares of Eargo from a “hold” rating to a “buy” rating and set a $79.00 target price on the stock in a report on Tuesday, February 9th. Five analysts have rated the stock with a buy rating, The stock has a consensus rating of “Buy” and an average target price of $55.75.

Eargo Profile

Eargo, Inc, a consumer-focused medical device company, develops and sells hearing aids to assist people with hearing loss in the United States. It sells its products through online stores. The company was formerly known as Aria Innovations, Inc and changed its name to Eargo, Inc in November 2014. Eargo, Inc was founded in 2010 and is headquartered in San Jose, California.

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Institutional Ownership by Quarter for Eargo (NASDAQ:EAR)

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