Insider Buying: electroCore, Inc. (NASDAQ:ECOR) Director Acquires 6,000 Shares of Stock

electroCore, Inc. (NASDAQ:ECOR - Get Free Report) Director Thomas J. Errico acquired 6,000 shares of electroCore stock in a transaction that occurred on Monday, March 17th. The stock was acquired at an average cost of $8.10 per share, for a total transaction of $48,600.00. Following the purchase, the director now owns 256,401 shares of the company's stock, valued at $2,076,848.10. The trade was a 2.40 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

electroCore Trading Down 0.4 %

ECOR stock traded down $0.03 during mid-day trading on Friday, reaching $8.00. The company's stock had a trading volume of 113,950 shares, compared to its average volume of 68,326. electroCore, Inc. has a 12 month low of $5.32 and a 12 month high of $19.49. The business's 50 day moving average price is $15.11 and its 200 day moving average price is $12.32. The company has a market cap of $57.54 million, a price-to-earnings ratio of -4.37 and a beta of 0.24.

Hedge Funds Weigh In On electroCore

Several large investors have recently bought and sold shares of ECOR. Renaissance Technologies LLC increased its stake in electroCore by 80.6% in the 4th quarter. Renaissance Technologies LLC now owns 131,786 shares of the company's stock valued at $2,136,000 after buying an additional 58,800 shares during the last quarter. Geode Capital Management LLC boosted its holdings in shares of electroCore by 10.3% in the 3rd quarter. Geode Capital Management LLC now owns 63,485 shares of the company's stock worth $458,000 after buying an additional 5,951 shares during the last quarter. HighTower Advisors LLC purchased a new stake in electroCore during the third quarter worth about $255,000. Marshall Wace LLP bought a new stake in electroCore in the fourth quarter worth about $438,000. Finally, Jane Street Group LLC bought a new position in shares of electroCore during the 4th quarter valued at approximately $278,000. 26.74% of the stock is currently owned by institutional investors.

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Analyst Upgrades and Downgrades

ECOR has been the topic of a number of analyst reports. LADENBURG THALM/SH SH reduced their price target on electroCore from $28.00 to $26.00 and set a "buy" rating on the stock in a research report on Thursday, March 13th. HC Wainwright restated a "buy" rating and issued a $25.00 target price on shares of electroCore in a report on Thursday, March 13th.

About electroCore

electroCore, Inc, a commercial stage bioelectronic medicine and wellness company, provides non-invasive vagus nerve stimulation technology platform in the United States, the United Kingdom, and internationally. The company is developing gammaCore, a prescription only handheld device intended for regular or intermittent use for the acute treatment of pain associated with migraine and episodic cluster headache, as well as for the treatment of hemicrania continua and paroxysmal hemicrania.