Maxim Group analyst Anthony Vendetti maintained a Buy rating on Electrocore (ECOR – Research Report) yesterday and set a price target of $15.00. The company’s shares closed yesterday at $3.99.
According to TipRanks, Vendetti is an analyst with an average return of -0.2% and a 31.80% success rate. Vendetti covers the Healthcare sector, focusing on stocks such as Cutera, Nuwellis, and Biolase.
Currently, the analyst consensus on Electrocore is a Strong Buy with an average price target of $13.58, a 240.35% upside from current levels. In a report released yesterday, H.C. Wainwright also reiterated a Buy rating on the stock with a $7.00 price target.
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ECOR market cap is currently $18.91M and has a P/E ratio of -0.88.
Based on the recent corporate insider activity of 29 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of ECOR in relation to earlier this year.
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electroCore, Inc. is a commercial-stage bio-electronic medicine company, with a platform non-invasive vagus nerve stimulation therapy focuses on neurology and rheumatology. The company’s therapy, gammaCore, has pharmacologic effects on the peripheral and central nervous systems, which modulate neurotransmitters and immune function. It focuses on acute treatment of migraine and episodic cluster headache. The company was founded by Joseph P. Errico, Steve Mendez, Peter S. Staats and Thomas J. Errico in September 2005 and is headquartered in Morris Plains, NJ.
Read More on ECOR:
- electroCore reports Q4 EPS ($1.22), consensus ($1.12)
- electroCore Announces Fourth Quarter and Full Year 2022 Financial Results
- electroCore regains compliance with Nasdaq listing requirements
- electroCore announces exclusive distribution agreement with Byond Healthcare
- electroCore expands intellectual patent portfolio with nVNS technology
