electroCore, Inc. (NASDAQ:ECOR – Get Rating) – Equities researchers at Zacks Small Cap dropped their FY2023 EPS estimates for electroCore in a note issued to investors on Thursday, March 9th. Zacks Small Cap analyst J. Vandermosten now expects that the company will post earnings per share of ($4.11) for the year, down from their previous forecast of ($3.75). The consensus estimate for electroCore’s current full-year earnings is ($3.77) per share. Zacks Small Cap also issued estimates for electroCore’s FY2024 earnings at ($2.84) EPS.
Several other equities analysts also recently issued reports on the stock. Brookline Capital Acquisition assumed coverage on shares of electroCore in a report on Friday, January 13th. They set a “buy” rating on the stock. Brookline Capital Management reaffirmed a “buy” rating on shares of electroCore in a report on Thursday, January 12th. Finally, HC Wainwright reissued a “buy” rating on shares of electroCore in a research note on Thursday.
electroCore Stock Down 5.8 %
Insider Transactions at electroCore
In other news, Director Joseph P. Errico acquired 100,000 shares of the business’s stock in a transaction that occurred on Tuesday, December 13th. The stock was purchased at an average cost of $0.33 per share, for a total transaction of $33,000.00. Following the completion of the transaction, the director now owns 2,724,841 shares in the company, valued at $899,197.53. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 13.11% of the company’s stock.
Institutional Inflows and Outflows
Institutional investors have recently made changes to their positions in the business. Millennium Management LLC lifted its position in shares of electroCore by 277.5% during the 4th quarter. Millennium Management LLC now owns 211,812 shares of the company’s stock worth $54,000 after buying an additional 155,703 shares during the last quarter. AWM Investment Company Inc. increased its holdings in shares of electroCore by 7.1% in the 4th quarter. AWM Investment Company Inc. now owns 5,883,822 shares of the company’s stock valued at $1,511,000 after acquiring an additional 389,946 shares during the period. Tobias Financial Advisors Inc. increased its holdings in shares of electroCore by 71.0% in the 4th quarter. Tobias Financial Advisors Inc. now owns 153,000 shares of the company’s stock valued at $39,000 after acquiring an additional 63,547 shares during the period. HBK Sorce Advisory LLC increased its stake in electroCore by 100.0% in the 4th quarter. HBK Sorce Advisory LLC now owns 98,558 shares of the company’s stock valued at $25,000 after buying an additional 49,279 shares during the period. Finally, International Assets Investment Management LLC acquired a new position in electroCore in the 4th quarter valued at $90,000. Institutional investors and hedge funds own 17.76% of the company’s stock.
electroCore, Inc engages in the provision of non-invasive vagus nerve stimulation (nVNS) therapy. It develops a platform bioelectronic medical therapy that modulates neurotransmitters and immune function through its effects on both the peripheral and central nervous systems. The company was founded by Joseph P.
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