electroCore (NASDAQ:ECOR) CFO Sells $13,385.88 in Stock

electroCore, Inc. (NASDAQ:ECOR) CFO Joshua Lev sold 2,166 shares of the company’s stock in a transaction dated Wednesday, November 12th. The shares were sold at an average price of $6.18, for a total transaction of $13,385.88. Following the completion of the sale, the chief financial officer directly owned 23,667 shares of the company’s stock, valued at $146,262.06. The trade was a 8.38% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink.

electroCore Price Performance

Shares of ECOR opened at $5.60 on Monday. The firm’s 50 day moving average is $5.11 and its 200-day moving average is $5.54. The stock has a market capitalization of $44.80 million, a P/E ratio of -3.27 and a beta of 0.30. electroCore, Inc. has a 12-month low of $4.16 and a 12-month high of $19.49.

electroCore (NASDAQ:ECOR) last released its earnings results on Wednesday, November 5th. The company reported ($0.40) EPS for the quarter, missing the consensus estimate of ($0.33) by ($0.07). The business had revenue of $8.69 million for the quarter, compared to analyst estimates of $7.84 million. electroCore had a negative net margin of 47.46% and a negative return on equity of 447.87%. electroCore has set its FY 2025 guidance at EPS. As a group, equities research analysts forecast that electroCore, Inc. will post -1.49 EPS for the current fiscal year.

Hedge Funds Weigh In On electroCore

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Two Sigma Investments LP raised its stake in electroCore by 20.8% during the 3rd quarter. Two Sigma Investments LP now owns 24,603 shares of the company’s stock valued at $122,000 after purchasing an additional 4,231 shares during the period. Jaffetilchin Investment Partners LLC raised its position in electroCore by 26.7% during the second quarter. Jaffetilchin Investment Partners LLC now owns 41,783 shares of the company’s stock valued at $221,000 after buying an additional 8,800 shares during the period. International Assets Investment Management LLC raised its position in electroCore by 65.7% during the second quarter. International Assets Investment Management LLC now owns 77,020 shares of the company’s stock valued at $407,000 after buying an additional 30,550 shares during the period. Jane Street Group LLC lifted its stake in electroCore by 114.4% in the 1st quarter. Jane Street Group LLC now owns 36,726 shares of the company’s stock worth $246,000 after acquiring an additional 19,599 shares in the last quarter. Finally, NewEdge Advisors LLC boosted its position in electroCore by 857.9% during the 1st quarter. NewEdge Advisors LLC now owns 161,955 shares of the company’s stock worth $1,083,000 after acquiring an additional 145,047 shares during the period. 26.74% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on ECOR shares. Weiss Ratings reissued a “sell (e+)” rating on shares of electroCore in a research note on Wednesday, October 8th. Wall Street Zen raised electroCore from a “sell” rating to a “hold” rating in a report on Saturday, November 8th. Two equities research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $25.50.

electroCore Company 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.