Key Points
- CFO Joshua Lev sold 2,166 shares on Nov. 12 at an average price of $6.18 for $13,385.88, cutting his stake by 8.38% to 23,667 shares; the transaction was disclosed in an SEC filing.
- The stock traded down 1.9% to $5.60 with 38,477 shares changing hands (versus an average volume of 80,166), giving electroCore a market cap of about $44.8 million and a 52‑week range of $4.16–$19.49.
- electroCore reported Q EPS of ($0.40), missing estimates while posting $8.69M in revenue, and the company shows negative margins and ROE; analysts' consensus is a "Hold" with a $25.50 target.
electroCore, Inc. (NASDAQ:ECOR - Get Free Report) CFO Joshua Lev sold 2,166 shares of electroCore stock in a transaction that occurred 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 owned 23,667 shares in the company, valued at $146,262.06. This trade represents a 8.38% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.
electroCore Trading Down 1.9%
Shares of electroCore stock traded down $0.11 during trading hours on Friday, hitting $5.60. 38,477 shares of the company were exchanged, compared to its average volume of 80,166. The business has a 50-day moving average of $5.11 and a 200-day moving average of $5.57. electroCore, Inc. has a 1 year low of $4.16 and a 1 year high of $19.49. The stock has a market capitalization of $44.80 million, a price-to-earnings ratio of -3.27 and a beta of 0.30.
electroCore (NASDAQ:ECOR - Get Free Report) last issued its earnings results on Wednesday, November 5th. The company reported ($0.40) earnings per share for the quarter, missing the consensus estimate of ($0.33) by ($0.07). The firm had revenue of $8.69 million during 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. As a group, research analysts anticipate that electroCore, Inc. will post -1.49 earnings per share for the current fiscal year.
Analyst Upgrades and Downgrades
ECOR has been the subject of a number of 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 research report on Saturday, November 8th. Two analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price of $25.50.
Check Out Our Latest Stock Report on ECOR
Hedge Funds Weigh In On electroCore
Institutional investors have recently made changes to their positions in the business. AWM Investment Company Inc. raised its holdings in electroCore by 95.0% in the first quarter. AWM Investment Company Inc. now owns 318,106 shares of the company's stock valued at $2,128,000 after acquiring an additional 154,973 shares in the last quarter. NewEdge Advisors LLC raised its stake in shares of electroCore by 857.9% in the 1st quarter. NewEdge Advisors LLC now owns 161,955 shares of the company's stock valued at $1,083,000 after purchasing an additional 145,047 shares in the last quarter. International Assets Investment Management LLC raised its stake in shares of electroCore by 65.7% in the 2nd quarter. International Assets Investment Management LLC now owns 77,020 shares of the company's stock valued at $407,000 after purchasing an additional 30,550 shares in the last quarter. Jaffetilchin Investment Partners LLC grew its stake in electroCore by 26.7% in the second quarter. Jaffetilchin Investment Partners LLC now owns 41,783 shares of the company's stock worth $221,000 after purchasing an additional 8,800 shares in the last quarter. Finally, Jane Street Group LLC grew its stake in electroCore by 114.4% in the first quarter. Jane Street Group LLC now owns 36,726 shares of the company's stock worth $246,000 after purchasing an additional 19,599 shares in the last quarter. 26.74% of the stock is owned by institutional investors and hedge funds.
About electroCore
(
Get Free Report)
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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