TearLab Corp Director Buys $43,486 in Stock (TEAR)
TearLab Corp (NASDAQ:TEAR) Director Brock Wright acquired 11,354 shares of the company’s stock in a transaction dated Tuesday, August 19th. The shares were purchased at an average cost of $3.83 per share, with a total value of $43,485.82. Following the completion of the transaction, the director now directly owns 657,632 shares of the company’s stock, valued at approximately $2,518,731. The purchase was disclosed in a filing with the SEC, which is available at this link.
Shares of TearLab Corp (NASDAQ:TEAR) traded down 1.04% during mid-day trading on Wednesday, hitting $3.80. 277,531 shares of the company’s stock traded hands. TearLab Corp has a 52-week low of $3.30 and a 52-week high of $13.55. The stock’s 50-day moving average is $4.54 and its 200-day moving average is $5.44. The company’s market cap is $127.6 million.
TearLab Corp (NASDAQ:TEAR) last posted its quarterly earnings results on Thursday, August 7th. The company reported ($0.17) EPS for the quarter, missing the Thomson Reuters consensus estimate of ($0.16) by $0.01. The company had revenue of $9.20 million for the quarter, compared to the consensus estimate of $5.12 million. The company’s quarterly revenue was up 53.3% on a year-over-year basis. Analysts expect that TearLab Corp will post $-0.67 EPS for the current fiscal year.
TEAR has been the subject of a number of recent research reports. Analysts at Canaccord Genuity cut their price target on shares of TearLab Corp from $10.00 to $8.00 in a research note on Friday, August 8th. Analysts at Feltl & Co. downgraded shares of TearLab Corp from a “strong-buy” rating to a “buy” rating in a research note on Friday, August 8th.
TearLab Corp. is an in-vitro diagnostic company. The Company is commercializing a tear testing platform, the TearLab Osmolarity System that enables eye care practitioners to test for sensitive and specific biomarkers using nanoliters of tear film at the point-of-care.
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