{$EAR} Posted on Saturday, December 18th, 2021 by

MarketBeat Equities research analysts expect Eargo, Inc. (NASDAQ:EAR) to post $23.63 million in sales for the current fiscal quarter, Zacks reports. Two analysts have issued estimates for Eargo's earnings. The highest sales estimate is $23.76 million and the lowest is $23.50 million. Eargo reported sales of $18.19 million in the same quarter last year, which indicates a positive year over year growth rate of 29.9%. The company is scheduled to announce its next earnings results on Thursday, December 23rd According to Zacks, analysts expect that Eargo will report full year sales of $94.87 million for the current financial year, with estimates ranging from $94.83 million to $94.90 million. For the next fiscal year, analysts expect that the business will report sales of $119.03 million, with estimates ranging from $118.66 million to $119.40 million. Zacks Investment Research's sales calculations are a mean average based on a survey of sell-side analysts that cover Eargo. Several brokerages recently issued reports on EAR. JPMorgan Chase & Co. lowered shares of Eargo from an "overweight" rating to an "underweight" rating and reduced their price objective for the company from $44.00 to $11.00 in a report on Thursday, September 23rd. Wells Fargo & Company lowered shares of Eargo from an "overweight" rating to an "equal weight" rating and set a $10.00 price objective on the stock. in a report on Thursday, September 23rd. Zacks Investment Research upgraded shares of Eargo from a "sell" rating to a "hold" rating in a report on Wednesday, October 13th. Finally, William Blair lowered shares of Eargo from an "outperform" rating to a "market perform" rating in a report on Thursday, September 23rd. Shares of EAR stock opened at $4.99 on Friday. The company's 50-day moving average price is $6.53 and its 200-day moving average price is $21.96. The company has a current ratio of 8.24, a quick ratio of 8.11 and a debt-to-equity ratio of 0.09. The stock has a market cap of $195.92 million, a price-to-earnings ratio of -3.99 and a beta of 6.28. Eargo has a twelve month low of $4.49 and a twelve month high of $76.75. A number of institutional investors have recently made changes to their positions in EAR. Bellevue Group AG boosted its holdings in shares of Eargo by 11.9% in the second quarter. Bellevue Group AG now owns 434,054 shares of the company's stock valued at $17,323,000 after acquiring an additional 46,197 shares during the period. Capital International Investors boosted its holdings in shares of Eargo by 66.2% in the second quarter. Capital International Investors now owns 517,918 shares of the company's stock valued at $20,670,000 after acquiring an additional 206,250 shares during the period. State Street Corp boosted its holdings in shares of Eargo by 87.9% in the second quarter. State Street Corp now owns 540,040 shares of the company's stock valued at $21,553,000 after acquiring an additional 252,632 shares during the period. LPL Financial LLC acquired a new stake in shares of Eargo in the second quarter valued at approximately $622,000. Finally, Geode Capital Management LLC boosted its holdings in shares of Eargo by 50.1% in the second quarter. Geode Capital Management LLC now owns 274,236 shares of the company's stock valued at $10,944,000 after acquiring an additional 91,479 shares during the period. Institutional investors own 93.15% of the company's stock.