HighTower Advisors LLC Acquires Shares of 35,342 electroCore, Inc. (NASDAQ:ECOR)

HighTower Advisors LLC bought a new stake in shares of electroCore, Inc. (NASDAQ:ECOR - Free Report) during the 3rd quarter, according to its most recent filing with the SEC. The firm bought 35,342 shares of the company's stock, valued at approximately $255,000. HighTower Advisors LLC owned 0.55% of electroCore as of its most recent filing with the SEC.

Separately, Renaissance Technologies LLC boosted its position in electroCore by 3.4% in the 2nd quarter. Renaissance Technologies LLC now owns 68,786 shares of the company's stock valued at $442,000 after buying an additional 2,270 shares during the last quarter. Hedge funds and other institutional investors own 26.74% of the company's stock.

Wall Street Analysts Forecast Growth

Separately, HC Wainwright boosted their price target on electroCore from $22.00 to $25.00 and gave the stock a "buy" rating in a research note on Wednesday, December 18th.

electroCore Stock Down 7.2 %

Shares of electroCore stock traded down $1.26 on Wednesday, hitting $16.26. 114,057 shares of the company's stock traded hands, compared to its average volume of 38,453. electroCore, Inc. has a 52-week low of $5.25 and a 52-week high of $17.89. The stock has a market cap of $106.58 million, a P/E ratio of -8.89 and a beta of 0.57. The firm's 50-day moving average is $12.18 and its 200 day moving average is $8.40.

electroCore Profile

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.