Lewin Nicholas Sheridan buys Establishment Labs (ESTA) shares worth $78,879

Published 13/08/2025, 16:06
Lewin Nicholas Sheridan buys Establishment Labs (ESTA) shares worth $78,879

Director Lewin Nicholas Sheridan of Establishment Labs Holdings Inc (NASDAQ:ESTA) acquired 2,300 common shares at a price of $34.2955, for a total transaction value of $78,879 on August 13, 2025. The purchase comes as the stock has declined nearly 20% in the past week, with InvestingPro data indicating oversold conditions. The current stock price of $36.18 values the medical device company at approximately $1 billion.

Following the transaction, Mr. Sheridan directly holds 1,075,923 common shares and indirectly holds 16,490 common shares. The indirectly held shares are held by Mr. Sheridan’s spouse. Wall Street appears optimistic about the company’s prospects, with analyst price targets ranging from $40 to $70 per share. Unlock more insights and 8 additional ProTips for ESTA with an InvestingPro subscription.

In other recent news, Establishment Labs has seen significant developments. Analysts at Mizuho have raised their price target for the company to $70, citing the success of the Motiva breast implant product, which has been transforming the U.S. breast augmentation market since receiving FDA approval. Meanwhile, Needham reiterated their Buy rating with a $48 price target following the company’s investor day, where plastic surgeons expressed positive views about the company’s implants, predicting a substantial increase in U.S. market share. BTIG initiated coverage with a Buy rating and a $62 price target, highlighting Motiva’s unique qualities and safety profile as a significant advancement in the medical aesthetics industry. They noted that Motiva has already captured over 40% market share in established territories and is poised to compete in new markets like the U.S. and China. Additionally, Needham upgraded Establishment Labs from Hold to Buy, setting a $48 price target, as easing trade tensions improve international business prospects. The company’s management is optimistic about the upcoming U.S. launch of Motiva, which analysts believe could significantly impact performance by 2025.

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