Joshua Lev Sells 2,166 Shares of electroCore (NASDAQ:ECOR) Stock

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

electroCore Price Performance

Shares of ECOR stock opened at $5.60 on Friday. electroCore, Inc. has a 1-year low of $4.16 and a 1-year high of $19.49. The firm has a market cap of $44.80 million, a PE ratio of -3.27 and a beta of 0.30. The company has a 50-day moving average of $5.11 and a two-hundred day moving average of $5.56.

electroCore (NASDAQ:ECOR) last announced its earnings results on Wednesday, November 5th. The company reported ($0.40) EPS for the quarter, missing analysts’ consensus estimates of ($0.33) by ($0.07). The firm had revenue of $8.69 million for the quarter, compared to analysts’ expectations 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. Sell-side analysts anticipate that electroCore, Inc. will post -1.49 EPS for the current fiscal year.

Institutional Investors Weigh In On electroCore

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. XTX Topco Ltd purchased a new stake in shares of electroCore during the 1st quarter worth about $90,000. Jump Financial LLC acquired a new position in shares of electroCore during the 1st quarter valued at $95,000. Cubist Systematic Strategies LLC purchased a new stake in electroCore during the 1st quarter worth $153,000. AWM Investment Company Inc. increased its holdings in electroCore by 95.0% in the 1st quarter. AWM Investment Company Inc. now owns 318,106 shares of the company’s stock valued at $2,128,000 after purchasing an additional 154,973 shares in the last quarter. Finally, NewEdge Advisors LLC lifted its stake in shares of electroCore by 857.9% during the first quarter. NewEdge Advisors LLC now owns 161,955 shares of the company’s stock worth $1,083,000 after purchasing an additional 145,047 shares in the last quarter. 26.74% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

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

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.