electroCore, Inc. (NASDAQ:ECOR) Director Thomas J. Errico Buys 6,000 Shares of Stock

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

electroCore Stock Down 3.5 %

Shares of NASDAQ ECOR opened at $8.26 on Tuesday. The company has a market cap of $54.98 million, a P/E ratio of -4.51 and a beta of 0.24. electroCore, Inc. has a 52 week low of $5.32 and a 52 week high of $19.49. The business has a 50-day simple moving average of $15.64 and a two-hundred day simple moving average of $12.37.

Wall Street Analyst Weigh In

A number of analysts recently commented on ECOR shares. HC Wainwright restated a “buy” rating and set a $25.00 price target on shares of electroCore in a research note on Thursday, March 13th. LADENBURG THALM/SH SH dropped their target price on electroCore from $28.00 to $26.00 and set a “buy” rating on the stock in a research report on Thursday, March 13th.

Hedge Funds Weigh In On electroCore

Large investors have recently modified their holdings of the company. HighTower Advisors LLC purchased a new stake in electroCore in the 3rd quarter worth approximately $255,000. Geode Capital Management LLC increased its holdings in shares of electroCore by 10.3% in the third 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 period. JPMorgan Chase & Co. raised its position in shares of electroCore by 31,250.0% in the fourth quarter. JPMorgan Chase & Co. now owns 3,762 shares of the company’s stock worth $61,000 after buying an additional 3,750 shares in the last quarter. DnB Asset Management AS bought a new stake in electroCore during the fourth quarter valued at $180,000. Finally, Renaissance Technologies LLC grew its position in electroCore by 80.6% during the fourth quarter. Renaissance Technologies LLC now owns 131,786 shares of the company’s stock worth $2,136,000 after buying an additional 58,800 shares in the last quarter. 26.74% of the stock is currently owned by institutional investors.

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.