Geoff Pardo Sells 85,074 Shares of Eargo, Inc. (NASDAQ:EAR) Stock

Eargo, Inc. (NASDAQ:EAR) Director Geoff Pardo sold 85,074 shares of the business’s stock in a transaction that occurred on Thursday, April 22nd. The shares were sold at an average price of $48.42, for a total transaction of $4,119,283.08. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

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

  • On Tuesday, April 20th, Geoff Pardo sold 6,134 shares of Eargo stock. The stock was sold at an average price of $48.04, for a total value of $294,677.36.
  • 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.

NASDAQ:EAR opened at $49.03 on Friday. Eargo, Inc. has a 12 month low of $32.58 and a 12 month high of $76.75. The company has a 50 day moving average price of $51.16.

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

Several institutional investors have recently made changes to their positions in EAR. Lazard Asset Management LLC bought a new position in Eargo during the fourth quarter worth $45,000. RMR Wealth Builders bought a new position in shares of Eargo during the 4th quarter worth about $45,000. Citigroup Inc. bought a new stake in shares of Eargo in the fourth quarter valued at about $67,000. Strs Ohio acquired a new stake in Eargo during the fourth quarter worth about $85,000. Finally, The Manufacturers Life Insurance Company bought a new position in Eargo during the fourth quarter valued at about $202,000.

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

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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