HC Wainwright Decreases Earnings Estimates for electroCore

electroCore, Inc. (NASDAQ:ECOR) – Equities research analysts at HC Wainwright lowered their Q1 2025 earnings estimates for electroCore in a report released on Thursday, March 13th. HC Wainwright analyst S. Ramakanth now expects that the company will post earnings per share of ($0.59) for the quarter, down from their previous estimate of ($0.26). HC Wainwright has a “Buy” rating and a $25.00 price target 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 lowered their price objective on shares of electroCore from $28.00 to $26.00 and set a “buy” rating for the company in a research report on Thursday, March 13th.

electroCore Stock Performance

NASDAQ ECOR opened at $8.38 on Monday. electroCore has a one year low of $5.32 and a one year high of $19.49. The company’s 50 day moving average price is $15.47 and its 200 day moving average price is $12.38. The firm has a market capitalization of $55.78 million, a price-to-earnings ratio of -4.58 and a beta of 0.24.

Hedge Funds Weigh In On electroCore

Large investors have recently added to or reduced their stakes in the company. HighTower Advisors LLC bought a new stake in electroCore in the third quarter valued at $255,000. Geode Capital Management LLC lifted its stake in electroCore by 10.3% in the third quarter. Geode Capital Management LLC now owns 63,485 shares of the company’s stock valued at $458,000 after buying an additional 5,951 shares during the last quarter. JPMorgan Chase & Co. lifted its stake in electroCore by 31,250.0% in the fourth quarter. JPMorgan Chase & Co. now owns 3,762 shares of the company’s stock valued at $61,000 after buying an additional 3,750 shares during the last quarter. DnB Asset Management AS bought a new stake in electroCore in the fourth quarter valued at $180,000. Finally, Renaissance Technologies LLC raised its stake in shares of electroCore by 80.6% during the fourth quarter. Renaissance Technologies LLC now owns 131,786 shares of the company’s stock valued at $2,136,000 after purchasing an additional 58,800 shares in the last quarter. 26.74% of the stock is currently owned by institutional investors.

Insider Buying and Selling at electroCore

In related news, Director Thomas J. Errico purchased 6,000 shares of the firm’s stock in a transaction dated Monday, March 17th. The stock was acquired at an average price of $8.10 per share, with a total value of $48,600.00. Following the completion of the transaction, the director now 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 legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 19.70% of the stock is owned by corporate insiders.

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.