Thomas Errico Purchases 5,000 Shares of electroCore (NASDAQ:ECOR) Stock

electroCore, Inc. (NASDAQ:ECOR) Director Thomas Errico purchased 5,000 shares of the business’s stock in a transaction that occurred on Thursday, August 13th. The shares were bought at an average price of $9.85 per share, for a total transaction of $49,250.00. Following the completion of the purchase, the director directly owned 343,332 shares in the company, valued at $3,381,820.20. This represents a 1.48% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

electroCore Price Performance

NASDAQ ECOR opened at $9.97 on Monday. The company has a fifty day moving average of $7.68 and a two-hundred day moving average of $7.06. The company has a market capitalization of $89.93 million, a PE ratio of -6.01 and a beta of 0.93. electroCore, Inc. has a 1 year low of $4.41 and a 1 year high of $10.49.

electroCore (NASDAQ:ECOR) last posted its earnings results on Thursday, August 6th. The company reported ($0.33) EPS for the quarter, topping analysts’ consensus estimates of ($0.42) by $0.09. electroCore had a negative return on equity of 1,956.38% and a negative net margin of 39.96%.The business had revenue of $9.45 million for the quarter, compared to analysts’ expectations of $9.49 million. On average, research analysts expect that electroCore, Inc. will post -1.4 earnings per share for the current year.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the business. Two Sigma Investments LP raised its holdings in shares of electroCore by 20.8% in the third quarter. Two Sigma Investments LP now owns 24,603 shares of the company’s stock valued at $122,000 after buying an additional 4,231 shares during the last quarter. International Assets Investment Management LLC increased its position in electroCore by 15.2% in the 4th quarter. International Assets Investment Management LLC now owns 88,720 shares of the company’s stock valued at $398,000 after acquiring an additional 11,700 shares during the period. Jane Street Group LLC increased its position in electroCore by 114.4% in the 1st quarter. Jane Street Group LLC now owns 36,726 shares of the company’s stock valued at $246,000 after acquiring an additional 19,599 shares during the period. Cubist Systematic Strategies LLC acquired a new position in electroCore in the 1st quarter valued at about $153,000. Finally, WealthShield Partners LLC purchased a new stake in electroCore during the 1st quarter valued at approximately $157,000. 26.74% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reiterated a “sell (d-)” rating on shares of electroCore in a research note on Wednesday, June 24th. One investment analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $18.00.

electroCore Company Profile

electroCore, Inc is a commercial-stage bioelectronic medicine company headquartered in Rockaway, New Jersey. The company specializes in the development and commercialization of non-invasive vagus nerve stimulation (nVNS) therapies designed to address a variety of neurological and inflammatory conditions. Established in 2006, electroCore has focused its efforts on translating neuromodulation science into a compact, patient-administered treatment device.

The company’s lead product, gammaCore®, is a handheld, battery-powered device that delivers nVNS through the skin to the cervical branch of the vagus nerve.