Roth Capital Initiates Coverage on Electromed (NYSE:ELMD)

Roth Capital started coverage on shares of Electromed (NYSE:ELMD - Free Report) in a research note released on Tuesday, Marketbeat.com reports. The brokerage issued a buy rating and a $29.00 target price on the stock. Roth Capital also issued estimates for Electromed's Q4 2025 earnings at $0.22 EPS, FY2025 earnings at $0.81 EPS, Q1 2026 earnings at $0.22 EPS, Q2 2026 earnings at $0.31 EPS, Q3 2026 earnings at $0.21 EPS, Q4 2026 earnings at $0.26 EPS, FY2026 earnings at $1.00 EPS and FY2027 earnings at $1.15 EPS.

Several other research firms also recently issued reports on ELMD. B. Riley upgraded Electromed to a "strong-buy" rating in a report on Thursday, May 15th. Wall Street Zen downgraded Electromed from a "strong-buy" rating to a "buy" rating in a research note on Thursday, May 8th.

Electromed Stock Down 1.9%

Shares of NYSE ELMD traded down $0.37 on Tuesday, hitting $18.69. The company had a trading volume of 36,389 shares, compared to its average volume of 87,588. The firm has a market capitalization of $156.75 million, a P/E ratio of 24.92 and a beta of 0.41. The business has a 50 day moving average of $20.29 and a two-hundred day moving average of $24.66. Electromed has a 12-month low of $13.74 and a 12-month high of $35.56.

Institutional Investors Weigh In On Electromed

A number of hedge funds have recently made changes to their positions in the business. Goldman Sachs Group Inc. raised its holdings in shares of Electromed by 9.0% during the first quarter. Goldman Sachs Group Inc. now owns 32,281 shares of the company's stock valued at $770,000 after buying an additional 2,672 shares during the last quarter. Acadian Asset Management LLC raised its holdings in shares of Electromed by 25.2% during the first quarter. Acadian Asset Management LLC now owns 267,975 shares of the company's stock valued at $6,388,000 after buying an additional 53,872 shares during the last quarter. Jane Street Group LLC raised its holdings in shares of Electromed by 136.3% during the first quarter. Jane Street Group LLC now owns 56,263 shares of the company's stock valued at $1,342,000 after buying an additional 32,456 shares during the last quarter. Dynamic Technology Lab Private Ltd bought a new stake in shares of Electromed during the first quarter valued at approximately $350,000. Finally, NewEdge Advisors LLC raised its holdings in shares of Electromed by 20.1% during the first quarter. NewEdge Advisors LLC now owns 17,952 shares of the company's stock valued at $428,000 after buying an additional 3,001 shares during the last quarter. Institutional investors own 40.82% of the company's stock.

About Electromed

Electromed, Inc develops, manufactures, markets, and sells airway clearance therapy and related products that apply high frequency chest wall oscillation (HFCWO) therapy in pulmonary care for patients of various ages in the United States and internationally. The company offers SmartVest airway clearance system for patients with compromised pulmonary functions, including bronchiectasis and cystic fibrosis, as well as neuromuscular conditions, such as cerebral palsy and amyotrophic lateral sclerosis; SmartVest SQL System; SmartVest Clearway System that consists of an inflatable therapy garment, a programmable air pulse generator, and a patented single-hose that delivers air pulses from the generator to the garment to create oscillatory pressure on the chest wall; and SmartVest Connect, a wireless technology that allows data connection between physicians and patients to track therapy performance and collaborate in treatment decisions.