HC Wainwright Has Weak Outlook for electroCore Q1 Earnings

electroCore, Inc. (NASDAQ:ECOR - Free Report) - Analysts at HC Wainwright reduced their Q1 2025 earnings estimates for electroCore in a research note issued to investors on Thursday, March 13th. HC Wainwright analyst S. Ramakanth now forecasts that the company will post earnings of ($0.59) per share for the quarter, down from their previous estimate of ($0.26). 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 Q2 2025 earnings at ($0.45) EPS, Q3 2025 earnings at ($0.36) EPS, Q4 2025 earnings at ($0.29) EPS, FY2025 earnings at ($1.70) EPS, FY2026 earnings at $0.45 EPS and FY2027 earnings at $1.33 EPS.

Separately, LADENBURG THALM/SH SH cut their price target on shares of electroCore from $28.00 to $26.00 and set a "buy" rating on the stock in a report on Thursday, March 13th.

electroCore Price Performance

NASDAQ ECOR traded up $0.03 on Monday, hitting $8.04. The stock had a trading volume of 84,643 shares, compared to its average volume of 67,807. The business's fifty day moving average price is $15.29 and its 200 day moving average price is $12.35. electroCore has a 52-week low of $5.32 and a 52-week high of $19.49. The stock has a market cap of $57.83 million, a price-to-earnings ratio of -4.39 and a beta of 0.24.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. HighTower Advisors LLC acquired a new position in shares of electroCore in the third quarter worth about $255,000. Geode Capital Management LLC raised its position in shares of electroCore by 10.3% in the third quarter. Geode Capital Management LLC now owns 63,485 shares of the company's stock worth $458,000 after acquiring an additional 5,951 shares during the period. JPMorgan Chase & Co. raised its position in shares of electroCore by 31,250.0% in the fourth quarter. JPMorgan Chase & Co. now owns 3,762 shares of the company's stock worth $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 fourth quarter worth about $180,000. Finally, Renaissance Technologies LLC raised its position in shares of electroCore by 80.6% in the fourth quarter. Renaissance Technologies LLC now owns 131,786 shares of the company's stock worth $2,136,000 after acquiring an additional 58,800 shares during the period. 26.74% of the stock is currently owned by institutional investors and hedge funds.

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Insiders Place Their Bets

In related news, Director Thomas J. Errico acquired 6,000 shares of the company's stock in a transaction dated Monday, March 17th. The shares were purchased at an average cost of $8.10 per share, with a total value of $48,600.00. Following the completion of the acquisition, the director now directly owns 256,401 shares of the company's stock, valued at $2,076,848.10. This represents a 2.40 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 19.70% of the company's stock.

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.