electroCore (NASDAQ:ECOR) Raised to Hold at Wall Street Zen

electroCore (NASDAQ:ECOR) was upgraded by equities research analysts at Wall Street Zen from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Saturday.

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of electroCore in a report on Wednesday, October 8th. Two equities research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $25.50.

electroCore Stock Down 0.2%

ECOR opened at $5.83 on Friday. The firm’s fifty day simple moving average is $5.03 and its two-hundred day simple moving average is $5.59. electroCore has a 52-week low of $4.16 and a 52-week high of $19.49. The company has a market cap of $46.64 million, a price-to-earnings ratio of -3.41 and a beta of 0.30.

electroCore (NASDAQ:ECOR) last released its quarterly earnings results on Wednesday, November 5th. The company reported ($0.40) earnings per share for the quarter, missing the consensus estimate of ($0.33) by ($0.07). The company had revenue of $8.69 million for the quarter, compared to analyst estimates of $7.84 million. electroCore had a negative return on equity of 447.87% and a negative net margin of 47.46%. electroCore has set its FY 2025 guidance at EPS. On average, research analysts forecast that electroCore will post -1.49 EPS for the current year.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of ECOR. XTX Topco Ltd purchased a new stake in shares of electroCore in the first quarter valued at approximately $90,000. International Assets Investment Management LLC lifted its position in electroCore by 65.7% during the second quarter. International Assets Investment Management LLC now owns 77,020 shares of the company’s stock worth $407,000 after buying an additional 30,550 shares in the last quarter. Jump Financial LLC acquired a new position in electroCore during the first quarter worth $95,000. AWM Investment Company Inc. grew its holdings in electroCore by 95.0% in the 1st quarter. AWM Investment Company Inc. now owns 318,106 shares of the company’s stock valued at $2,128,000 after buying an additional 154,973 shares in the last quarter. Finally, Jaffetilchin Investment Partners LLC grew its holdings in shares of electroCore by 26.7% in the second quarter. Jaffetilchin Investment Partners LLC now owns 41,783 shares of the company’s stock valued at $221,000 after purchasing an additional 8,800 shares during the period. 26.74% of the stock is owned by hedge funds and other institutional investors.

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.