electroCore FY2028 EPS Forecast Increased by HC Wainwright

electroCore, Inc. (NASDAQ:ECOR) – Investment analysts at HC Wainwright boosted their FY2028 earnings per share estimates for shares of electroCore in a note issued to investors on Thursday, March 13th. HC Wainwright analyst S. Ramakanth now forecasts that the company will earn $2.25 per share for the year, up from their previous forecast 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 for the company in a report on Thursday.

electroCore Stock Down 10.4 %

Shares of electroCore stock opened at $8.56 on Friday. The stock’s fifty day moving average is $15.84 and its two-hundred day moving average is $12.26. The company has a market capitalization of $56.98 million, a PE ratio of -4.68 and a beta of 0.24. electroCore has a 52 week low of $5.32 and a 52 week high of $19.49.

Institutional Investors Weigh In On electroCore

Several hedge funds have recently made changes to their positions in ECOR. HighTower Advisors LLC purchased a new stake in shares of electroCore during the 3rd quarter worth $255,000. Geode Capital Management LLC lifted its stake 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. JPMorgan Chase & Co. lifted its stake in shares of electroCore by 31,250.0% during the 4th quarter. JPMorgan Chase & Co. now owns 3,762 shares of the company’s stock worth $61,000 after purchasing an additional 3,750 shares during the last quarter. DnB Asset Management AS purchased a new stake in shares of electroCore during the 4th quarter worth $180,000. Finally, Renaissance Technologies LLC lifted its stake 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. 26.74% of the stock is currently owned by hedge funds and other institutional investors.

About electroCore

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.