Q1 Earnings Forecast for electroCore Issued By HC Wainwright

Key Points

• HC Wainwright initiated its Q1 2027 forecast for electroCore at a loss of $0.37 per share and kept a Buy rating with an $18 price target.
• electroCore recently reported Q1 earnings of -$0.59 per share, which matched analyst expectations, while revenue of $9.58 million came in above estimates.
• The stock currently trades near $6.41, with analysts overall assigning a Hold consensus; the company also saw notable institutional buying, while an insider sale was disclosed for tax withholding purposes.

electroCore, Inc. (NASDAQ:ECOR - Free Report) - Research analysts at HC Wainwright issued their Q1 2027 earnings per share estimates for shares of electroCore in a research report issued on Thursday, May 7th. HC Wainwright analyst S. Ramakanth expects that the company will earn ($0.37) per share for the quarter. HC Wainwright has a "Buy" rating and a $18.00 price objective on the stock. The consensus estimate for electroCore's current full-year earnings is ($1.46) per share. HC Wainwright also issued estimates for electroCore's Q2 2027 earnings at ($0.37) EPS, Q3 2027 earnings at ($0.06) EPS and Q4 2027 earnings at $0.08 EPS.

electroCore (NASDAQ:ECOR - Get Free Report) last issued its earnings results on Wednesday, May 6th. The company reported ($0.59) EPS for the quarter, meeting the consensus estimate of ($0.59). The company had revenue of $9.58 million during the quarter, compared to analysts' expectations of $9.01 million. electroCore had a negative net margin of 44.08% and a negative return on equity of 1,956.38%.

A number of other analysts have also recently commented on the stock. upgraded shares of electroCore to a "strong-buy" rating in a research report on Tuesday, February 3rd. Zacks Research upgraded shares of electroCore from a "strong sell" rating to a "hold" rating in a research report on Friday, March 27th. Finally, Weiss Ratings restated a "sell (d-)" rating on shares of electroCore in a research report on Friday, March 27th. One analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $18.00.

electroCore Stock Performance

Shares of electroCore stock opened at $6.41 on Monday. The firm has a fifty day moving average of $6.58 and a two-hundred day moving average of $5.88. The stock has a market capitalization of $53.20 million, a price-to-earnings ratio of -3.62 and a beta of 0.68. electroCore has a 52 week low of $4.16 and a 52 week high of $8.64.

Institutional Investors Weigh In On electroCore

Several hedge funds have recently bought and sold shares of ECOR. NewEdge Advisors LLC lifted its stake in electroCore by 857.9% in the 1st quarter. NewEdge Advisors LLC now owns 161,955 shares of the company's stock valued at $1,083,000 after purchasing an additional 145,047 shares during the last quarter. Tejara Capital Ltd acquired a new stake in electroCore in the 4th quarter valued at about $450,000. DRW Securities LLC acquired a new stake in electroCore in the 4th quarter valued at about $264,000. WealthShield Partners LLC acquired a new stake in electroCore in the 1st quarter valued at about $157,000. Finally, Cubist Systematic Strategies LLC acquired a new stake in electroCore in the 1st quarter valued at about $153,000. 26.74% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at electroCore

In other news, Director Daniel S. Goldberger sold 16,072 shares of the stock in a transaction dated Friday, April 10th. The shares were sold at an average price of $6.02, for a total transaction of $96,753.44. Following the completion of the transaction, the director directly owned 291,471 shares in the company, valued at $1,754,655.42. This represents a 5.23% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. 13.80% of the stock is currently owned by corporate insiders.

electroCore Company Profile

electroCore, Inc is a commercial-stage bioelectronic medicine company headquartered in Rockaway, New Jersey. The company specializes in the development and commercialization of non-invasive vagus nerve stimulation (nVNS) therapies designed to address a variety of neurological and inflammatory conditions. Established in 2006, electroCore has focused its efforts on translating neuromodulation science into a compact, patient-administered treatment device.

The company's lead product, gammaCore®, is a handheld, battery-powered device that delivers nVNS through the skin to the cervical branch of the vagus nerve.

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