FY2028 EPS Estimates for electroCore Increased by Analyst

electroCore, Inc. (NASDAQ:ECOR) – Investment analysts at HC Wainwright raised their FY2028 earnings per share estimates for shares of electroCore in a research note issued to investors on Thursday, March 13th. HC Wainwright analyst S. Ramakanth now anticipates that the company will post earnings of $2.25 per share for the year, up from their previous estimate of $2.24. HC Wainwright has a “Buy” rating and a $25.00 price objective on the stock. The consensus estimate for electroCore’s current full-year earnings is ($1.49) per share. HC Wainwright also issued estimates for electroCore’s FY2029 earnings at $3.07 EPS.

Separately, LADENBURG THALM/SH SH lowered their target price on electroCore from $28.00 to $26.00 and set a “buy” rating on the stock in a report on Thursday.

electroCore Trading Down 26.5 %

NASDAQ:ECOR opened at $9.55 on Friday. The firm has a market cap of $63.56 million, a P/E ratio of -5.22 and a beta of 0.24. The stock has a 50 day moving average of $16.16 and a two-hundred day moving average of $12.26. electroCore has a 12 month low of $5.32 and a 12 month high of $19.49.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Renaissance Technologies LLC boosted its holdings in shares of electroCore by 80.6% during the 4th quarter. Renaissance Technologies LLC now owns 131,786 shares of the company’s stock worth $2,136,000 after purchasing an additional 58,800 shares during the last quarter. Geode Capital Management LLC boosted its holdings in shares of electroCore by 10.3% during the 3rd quarter. Geode Capital Management LLC now owns 63,485 shares of the company’s stock worth $458,000 after purchasing an additional 5,951 shares during the last quarter. HighTower Advisors LLC acquired a new position in electroCore in the third quarter valued at approximately $255,000. Marshall Wace LLP acquired a new position in electroCore in the fourth quarter valued at approximately $438,000. Finally, Jane Street Group LLC acquired a new position in electroCore in the fourth quarter valued at approximately $278,000. 26.74% of the stock is currently owned by institutional investors and hedge funds.

electroCore Company Profile

electroCore, Inc, a commercial stage bioelectronic medicine and wellness company, provides non-invasive vagus nerve stimulation technology platform in the United States, the United Kingdom, and internationally. The company is developing gammaCore, a prescription only handheld device intended for regular or intermittent use for the acute treatment of pain associated with migraine and episodic cluster headache, as well as for the treatment of hemicrania continua and paroxysmal hemicrania.