Key Points
- Director Daniel Goldberger sold 16,072 shares at an average price of $6.02 on April 10 for roughly $96,753 to cover tax withholding from vesting, reducing his stake by 5.23% to 291,471 shares (≈$1.75M).
- electroCore remains unprofitable — it reported quarterly EPS of ($0.34) (beat by $0.01) on $9.24M revenue, has a market cap of about $52.9M, and a one‑year trading range of $4.16–$8.64 (50/200‑day averages $6.41/$5.73).
- Institutional activity includes a large increase by NewEdge Advisors (now 161,955 shares after an 857.9% rise) and overall institutional ownership of 26.74%, while analyst coverage is mixed with a consensus "Hold" and a $18 price target.
electroCore, Inc. (NASDAQ:ECOR - Get Free Report) Director Daniel Goldberger sold 16,072 shares of the stock in a transaction on Friday, April 10th. The stock was sold at an average price of $6.02, for a total transaction of $96,753.44. Following the transaction, the director directly owned 291,471 shares in the company, valued at $1,754,655.42. The trade was a 5.23% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards.
electroCore Price Performance
electroCore stock opened at $6.55 on Wednesday. The company has a market capitalization of $52.92 million, a price-to-earnings ratio of -3.97 and a beta of 0.59. electroCore, Inc. has a one year low of $4.16 and a one year high of $8.64. The company's fifty day moving average price is $6.41 and its two-hundred day moving average price is $5.73.
electroCore (NASDAQ:ECOR - Get Free Report) last posted its earnings results on Thursday, March 19th. The company reported ($0.34) EPS for the quarter, topping the consensus estimate of ($0.35) by $0.01. The firm had revenue of $9.24 million for the quarter, compared to the consensus estimate of $9.09 million. electroCore had a negative net margin of 43.60% and a negative return on equity of 1,956.38%. As a group, sell-side analysts anticipate that electroCore, Inc. will post -1.49 earnings per share for the current year.
Institutional Investors Weigh In On electroCore
A number of institutional investors have recently added to or reduced their stakes in ECOR. Cubist Systematic Strategies LLC acquired a new stake in electroCore during the first quarter worth about $153,000. NewEdge Advisors LLC grew its position in 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 buying an additional 145,047 shares in the last quarter. Jane Street Group LLC grew its position in electroCore by 114.4% during the first quarter. Jane Street Group LLC now owns 36,726 shares of the company's stock worth $246,000 after buying an additional 19,599 shares in the last quarter. Two Sigma Investments LP grew its position in electroCore by 20.8% during the third quarter. Two Sigma Investments LP now owns 24,603 shares of the company's stock worth $122,000 after buying an additional 4,231 shares in the last quarter. Finally, Jaffetilchin Investment Partners LLC grew its position in electroCore by 7.4% during the fourth quarter. Jaffetilchin Investment Partners LLC now owns 52,363 shares of the company's stock worth $235,000 after buying an additional 3,600 shares in the last quarter. 26.74% of the stock is owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
Several brokerages have recently issued reports on ECOR. raised electroCore to a "strong-buy" rating in a research report on Tuesday, February 3rd. Weiss Ratings reaffirmed a "sell (d-)" rating on shares of electroCore in a research report on Friday, March 27th. HC Wainwright lowered their price target on electroCore from $25.00 to $18.00 and set a "buy" rating on the stock in a research report on Monday, January 26th. Finally, Zacks Research raised electroCore from a "strong sell" rating to a "hold" rating in a research report on Friday, March 27th. One equities research analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $18.00.
View Our Latest Stock Report on electroCore
electroCore Company Profile
(
Get Free Report)
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.
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