Apollo Endosurgery, Inc. (APEN) Director Acquires $249,997.00 in Stock
Apollo Endosurgery, Inc. (NASDAQ:APEN) Director Richard J. Meelia acquired 45,454 shares of the stock in a transaction that occurred on Tuesday, July 25th. The stock was purchased at an average price of $5.50 per share, with a total value of $249,997.00. Following the completion of the transaction, the director now owns 5,098 shares of the company’s stock, valued at $28,039. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.
Apollo Endosurgery, Inc. (NASDAQ:APEN) opened at 6.08 on Monday. Apollo Endosurgery, Inc. has a 12-month low of $4.96 and a 12-month high of $22.27. The stock’s 50 day moving average price is $6.92 and its 200 day moving average price is $9.40. The company’s market cap is $65.11 million.
Apollo Endosurgery (NASDAQ:APEN) last released its earnings results on Tuesday, August 1st. The biotechnology company reported ($0.64) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.24) by $0.40. Apollo Endosurgery had a negative net margin of 81.59% and a negative return on equity of 142.98%. The company had revenue of $17.14 million during the quarter. Equities research analysts anticipate that Apollo Endosurgery, Inc. will post ($1.15) EPS for the current year.
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Several equities analysts have recently issued reports on APEN shares. Roth Capital started coverage on Apollo Endosurgery in a research report on Wednesday, August 2nd. They set a “buy” rating and a $10.00 target price for the company. ValuEngine lowered Apollo Endosurgery from a “sell” rating to a “strong sell” rating in a research report on Thursday. Finally, Craig Hallum started coverage on Apollo Endosurgery in a research report on Monday, July 24th. They set a “buy” rating and a $11.00 target price for the company.
About Apollo Endosurgery
Apollo Endosurgery, Inc, formerly Lpath, Inc, is a medical device company. The Company is focused on less invasive therapies for the treatment of obesity, as well as other gastrointestinal disorders. The Company’s device-based therapies are an alternative to invasive surgical procedures. The Company offers products in over 80 countries.
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