Shares of electroCore, Inc. (NASDAQ:ECOR) have received a consensus recommendation of “Hold” from the seven brokerages that are presently covering the firm, Marketbeat.com reports. Four investment analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 12-month price target among brokerages that have covered the stock in the last year is $4.38.

ECOR has been the subject of a number of research reports. Zacks Investment Research cut electroCore from a “buy” rating to a “hold” rating in a report on Tuesday, July 21st. BTIG Research reiterated a “hold” rating on shares of electroCore in a research note on Thursday, May 14th. HC Wainwright reissued a “buy” rating and issued a $2.50 price objective (up previously from $1.50) on shares of electroCore in a research report on Wednesday, July 15th. Finally, Noble Financial restated a “buy” rating and set a $4.00 target price on shares of electroCore in a report on Tuesday, May 19th.

Shares of NASDAQ ECOR opened at $2.23 on Tuesday. The stock has a market capitalization of $85.03 million, a PE ratio of -1.68 and a beta of 1.04. The company has a quick ratio of 2.28, a current ratio of 2.37 and a debt-to-equity ratio of 0.07. The firm has a fifty day moving average of $1.17 and a 200-day moving average of $1.02. electroCore has a 52-week low of $0.32 and a 52-week high of $5.64.

electroCore (NASDAQ:ECOR) last issued its earnings results on Thursday, May 14th. The company reported ($0.27) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.23) by ($0.04). The firm had revenue of $0.73 million during the quarter, compared to analyst estimates of $0.73 million. electroCore had a negative net margin of 1,445.53% and a negative return on equity of 133.55%. Equities research analysts expect that electroCore will post -0.63 EPS for the current fiscal year.

Large investors have recently modified their holdings of the business. Rockefeller Capital Management L.P. raised its stake in shares of electroCore by 105.6% during the first quarter. Rockefeller Capital Management L.P. now owns 29,200 shares of the company’s stock valued at $28,000 after purchasing an additional 15,000 shares during the period. Oxford Asset Management LLP acquired a new stake in electroCore during the 4th quarter valued at $29,000. Valeo Financial Advisors LLC increased its stake in electroCore by 43.5% during the 1st quarter. Valeo Financial Advisors LLC now owns 65,296 shares of the company’s stock worth $53,000 after buying an additional 19,796 shares during the period. Bank of New York Mellon Corp lifted its holdings in electroCore by 44.5% in the 4th quarter. Bank of New York Mellon Corp now owns 40,865 shares of the company’s stock worth $65,000 after buying an additional 12,593 shares in the last quarter. Finally, Tobias Financial Advisors Inc. lifted its holdings in electroCore by 169.9% in the 1st quarter. Tobias Financial Advisors Inc. now owns 70,053 shares of the company’s stock worth $67,000 after buying an additional 44,100 shares in the last quarter. 9.50% of the stock is owned by institutional investors.

About electroCore

electroCore, Inc, a bioelectronic medicine company, engages in developing a range of patient-administered non-invasive vagus nerve (VNS) stimulation therapies for the treatment of various conditions in neurology, rheumatology, and other fields. The company is developing gammaCore, a prescription-only non-invasive VNS therapy for the acute treatment of pain associated with migraine and episodic cluster headache in adults.

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Analyst Recommendations for electroCore (NASDAQ:ECOR)

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