Renaissance Technologies LLC Has $2.14 Million Stock Position in electroCore, Inc. (NASDAQ:ECOR)

Renaissance Technologies LLC lifted its holdings in electroCore, Inc. (NASDAQ:ECOR - Free Report) by 80.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 131,786 shares of the company's stock after purchasing an additional 58,800 shares during the period. Renaissance Technologies LLC owned 1.98% of electroCore worth $2,136,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the business. DnB Asset Management AS acquired a new stake in shares of electroCore in the fourth quarter worth about $180,000. JPMorgan Chase & Co. raised its stake in shares of electroCore by 31,250.0% in the 4th quarter. JPMorgan Chase & Co. now owns 3,762 shares of the company's stock valued at $61,000 after acquiring an additional 3,750 shares in the last quarter. Finally, Geode Capital Management LLC lifted its holdings in 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 purchasing an additional 5,951 shares during the last quarter. 26.74% of the stock is currently owned by institutional investors.

electroCore Trading Up 0.3 %

Shares of electroCore stock opened at $7.57 on Friday. electroCore, Inc. has a 1 year low of $5.02 and a 1 year high of $19.49. The company's fifty day simple moving average is $9.52 and its 200-day simple moving average is $12.25. The company has a market cap of $54.45 million, a price-to-earnings ratio of -4.14 and a beta of 0.83.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the stock. HC Wainwright reiterated a "buy" rating and issued a $25.00 target price on shares of electroCore in a research note on Thursday, March 13th. LADENBURG THALM/SH SH cut their price objective on electroCore from $28.00 to $26.00 and set a "buy" rating for the company in a research report on Thursday, March 13th.

Insiders Place Their Bets

In related news, Director Thomas J. Errico acquired 6,000 shares of the business's stock in a transaction dated Monday, March 17th. The stock was acquired at an average price of $8.10 per share, with a total value of $48,600.00. Following the completion of the transaction, the director now owns 256,401 shares of the company's stock, valued at approximately $2,076,848.10. This represents a 2.40 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 19.70% of the company's stock.

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.

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