Eargo, Inc. (NASDAQ:EAR) Director Geoff Pardo Sells 6,134 Shares of Stock

Eargo, Inc. (NASDAQ:EAR) Director Geoff Pardo sold 6,134 shares of Eargo stock in a transaction on Tuesday, April 20th. The shares were sold at an average price of $48.04, for a total value of $294,677.36. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Geoff Pardo also recently made the following trade(s):

  • On Thursday, April 22nd, Geoff Pardo sold 85,074 shares of Eargo stock. The stock was sold at an average price of $48.42, for a total value of $4,119,283.08.
  • On Thursday, April 15th, Geoff Pardo sold 18,750 shares of Eargo stock. The shares were sold at an average price of $48.17, for a total value of $903,187.50.

EAR opened at $49.03 on Friday. The firm’s 50 day moving average price is $51.16. Eargo, Inc. has a 52-week low of $32.58 and a 52-week high of $76.75.

Eargo (NASDAQ:EAR) last released its quarterly earnings results on Thursday, February 25th. The company reported ($0.39) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.21) by ($0.18). The company had revenue of $22.38 million for the quarter, compared to analysts’ expectations of $22.20 million. As a group, sell-side analysts forecast that Eargo, Inc. will post -0.97 EPS for the current fiscal year.

A number of research analysts have weighed in on the stock. Wells Fargo & Company lifted their price target on shares of 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 price target for the company in a research report on Tuesday, February 9th. Five analysts have rated the stock with a buy rating, The stock presently has an average rating of “Buy” and an average price target of $55.75.

Several large investors have recently added to or reduced their stakes in the stock. RMR Wealth Builders purchased a new position in Eargo in the fourth quarter valued at about $45,000. Lazard Asset Management LLC acquired a new position in Eargo during the 4th quarter worth $45,000. Calamos Advisors LLC grew its stake in Eargo by 3.4% in the first quarter. Calamos Advisors LLC now owns 31,105 shares of the company’s stock worth $1,554,000 after purchasing an additional 1,016 shares in the last quarter. Citigroup Inc. acquired a new stake in shares of Eargo during the 4th quarter valued at approximately $67,000. Finally, Strs Ohio acquired a new position in shares of Eargo in the 4th quarter valued at about $85,000.

About Eargo

Eargo, Inc, a 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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