FY2028 EPS Estimates for electroCore Lifted by HC Wainwright

electroCore, Inc. (NASDAQ:ECOR - Free Report) - Investment analysts at HC Wainwright upped their FY2028 EPS estimates for electroCore in a research note issued to investors on Thursday, March 13th. HC Wainwright analyst S. Ramakanth now expects that the company will post earnings per share of $2.25 for the year, up from their previous estimate of $2.24. HC Wainwright currently has a "Buy" rating and a $25.00 target price 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 decreased their price target on shares of electroCore from $28.00 to $26.00 and set a "buy" rating for the company in a research note on Thursday, March 13th.

electroCore Stock Up 1.5 %

electroCore stock traded up $0.12 during trading on Friday, reaching $8.38. The stock had a trading volume of 244,422 shares, compared to its average volume of 67,158. electroCore has a 52-week low of $5.32 and a 52-week high of $19.49. The business has a 50 day moving average price of $15.64 and a 200 day moving average price of $12.37. The stock has a market cap of $55.78 million, a PE ratio of -4.58 and a beta of 0.24.

Institutional Trading of electroCore

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. JPMorgan Chase & Co. increased its holdings in shares of electroCore by 31,250.0% in the 4th quarter. JPMorgan Chase & Co. now owns 3,762 shares of the company's stock valued at $61,000 after acquiring an additional 3,750 shares during the period. DnB Asset Management AS acquired a new position in shares of electroCore in the 4th quarter valued at $180,000. HighTower Advisors LLC acquired a new position in shares of electroCore in the 3rd quarter valued at $255,000. NewEdge Advisors LLC acquired a new position in shares of electroCore in the 4th quarter valued at $274,000. Finally, Jane Street Group LLC acquired a new position in electroCore in the 4th quarter valued at $278,000. Institutional investors and hedge funds own 26.74% of the company's stock.

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Insider Buying and Selling

In related news, Director Thomas J. Errico acquired 6,000 shares of the business's stock in a transaction on Monday, March 17th. The shares were bought at an average price of $8.10 per share, with a total value of $48,600.00. Following the completion of the acquisition, the director now owns 256,401 shares in the company, valued at $2,076,848.10. This trade represents a 2.40 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. 19.70% of the stock is owned by insiders.

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.