electroCore, Inc. (NASDAQ:ECOR – Get Rating) – Equities researchers at Brookline Capital Management issued their Q4 2022 EPS estimates for shares of electroCore in a note issued to investors on Thursday, January 12th. Brookline Capital Management analyst K. Dolliver forecasts that the company will post earnings of ($0.07) per share for the quarter. Brookline Capital Management currently has a "Buy" rating on the stock. The consensus estimate for electroCore's current full-year earnings is ($0.30) per share. Brookline Capital Management also issued estimates for electroCore's Q1 2023 earnings at ($0.07) EPS, Q2 2023 earnings at ($0.09) EPS, Q3 2023 earnings at ($0.04) EPS and Q4 2023 earnings at ($0.06) EPS.

electroCore (NASDAQ:ECOR – Get Rating) last posted its earnings results on Thursday, November 3rd. The company reported ($0.08) earnings per share for the quarter, missing analysts' consensus estimates of ($0.07) by ($0.01). electroCore had a negative return on equity of 72.36% and a negative net margin of 283.41%. The business had revenue of $1.98 million for the quarter.

electroCore Stock Up 1.1 %

electroCore stock opened at $0.30 on Monday. electroCore has a 12-month low of $0.20 and a 12-month high of $0.90. The firm's fifty day moving average is $0.30 and its 200 day moving average is $7.80. The company has a market capitalization of $21.49 million, a PE ratio of -0.97 and a beta of 0.93.

Insiders Place Their Bets

In other news, Director Joseph P. Errico bought 100,000 shares of the firm's stock in a transaction that occurred on Tuesday, December 13th. The shares were bought at an average cost of $0.33 per share, with a total value of $33,000.00. Following the completion of the purchase, the director now directly owns 2,724,841 shares in the company, valued at $899,197.53. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Over the last ninety days, insiders have acquired 670,000 shares of company stock valued at $186,650. 13.11% of the stock is currently owned by corporate insiders.

Institutional Trading of electroCore

Hedge funds have recently modified their holdings of the business. Valeo Financial Advisors LLC boosted its stake in electroCore by 1.2% in the 2nd quarter. Valeo Financial Advisors LLC now owns 1,844,500 shares of the company's stock worth $941,000 after purchasing an additional 22,250 shares in the last quarter. Jaffetilchin Investment Partners LLC boosted its holdings in shares of electroCore by 31.6% in the first quarter. Jaffetilchin Investment Partners LLC now owns 307,984 shares of the company's stock worth $82,000 after buying an additional 74,000 shares during the last quarter. Millennium Management LLC boosted its position in shares of electroCore by 173.3% in the second quarter. Millennium Management LLC now owns 119,707 shares of the company's stock worth $61,000 after purchasing an additional 75,908 shares during the period. Virtu Financial LLC bought a new position in shares of electroCore in the first quarter worth approximately $53,000. Finally, Renaissance Technologies LLC boosted its position in shares of electroCore by 102.2% in the second quarter. Renaissance Technologies LLC now owns 262,848 shares of the company's stock worth $134,000 after purchasing an additional 132,848 shares during the period. Institutional investors own 17.76% of the company's stock.

electroCore Company Profile

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electroCore, Inc, a commercial stage medical device company, engages in the development and commercialization of a range of non-invasive vagus nerve stimulation (nVNS) therapies. The company is developing gammaCore, a prescription-only nVNS therapy for the acute treatment of pain associated with migraine and episodic cluster headache in adults.

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