electroCore (NASDAQ:ECOR) CFO Joshua Lev Sells 6,667 Shares of Stock

electroCore, Inc. (NASDAQ:ECOR) CFO Joshua Lev sold 6,667 shares of the firm’s stock in a transaction dated Thursday, May 28th. The stock was sold at an average price of $9.00, for a total value of $60,003.00. Following the sale, the chief financial officer owned 84,889 shares of the company’s stock, valued at $764,001. The trade was a 7.28% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link.

electroCore Price Performance

NASDAQ:ECOR opened at $9.76 on Friday. electroCore, Inc. has a fifty-two week low of $4.16 and a fifty-two week high of $10.27. The stock’s 50-day moving average is $6.60 and its two-hundred day moving average is $6.10. The stock has a market cap of $80.97 million, a PE ratio of -5.51 and a beta of 0.68.

electroCore (NASDAQ:ECOR) last released its earnings results on Wednesday, May 6th. The company reported ($0.59) earnings per share for the quarter, meeting the consensus estimate of ($0.59). electroCore had a negative return on equity of 1,956.38% and a negative net margin of 44.08%.The company had revenue of $9.58 million for the quarter, compared to analysts’ expectations of $9.01 million. On average, equities research analysts anticipate that electroCore, Inc. will post -1.48 earnings per share for the current year.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of ECOR. FNY Investment Advisers LLC acquired a new position in shares of electroCore during the 4th quarter worth $82,000. Two Sigma Investments LP increased its stake in shares of electroCore by 20.8% during the 3rd quarter. Two Sigma Investments LP now owns 24,603 shares of the company’s stock worth $122,000 after purchasing an additional 4,231 shares during the last quarter. Cubist Systematic Strategies LLC acquired a new position in shares of electroCore during the 1st quarter worth $153,000. WealthShield Partners LLC acquired a new position in shares of electroCore during the 1st quarter worth $157,000. Finally, Jaffetilchin Investment Partners LLC increased its stake in shares of electroCore by 7.4% during the 4th quarter. Jaffetilchin Investment Partners LLC now owns 52,363 shares of the company’s stock worth $235,000 after purchasing an additional 3,600 shares during the last quarter. Institutional investors and hedge funds own 26.74% of the company’s stock.

Wall Street Analyst Weigh In

ECOR has been the topic of several research reports. Zacks Research upgraded shares of electroCore from a “strong sell” rating to a “hold” rating in a research note on Friday, March 27th. upgraded shares of electroCore to a “strong-buy” rating in a research note on Tuesday, February 3rd. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of electroCore in a research note on Friday, March 27th. One equities research analyst has rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $18.00.

About electroCore

electroCore, Inc is a commercial-stage bioelectronic medicine company headquartered in Rockaway, New Jersey. The company specializes in the development and commercialization of non-invasive vagus nerve stimulation (nVNS) therapies designed to address a variety of neurological and inflammatory conditions. Established in 2006, electroCore has focused its efforts on translating neuromodulation science into a compact, patient-administered treatment device.

The company’s lead product, gammaCore®, is a handheld, battery-powered device that delivers nVNS through the skin to the cervical branch of the vagus nerve.