Electrocore (ECOR) Stock Rating Upgraded by Zacks Investment Research
Electrocore (NASDAQ:ECOR) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a report issued on Thursday.
According to Zacks, “Electrocore, LLC operates as a bio-electronic medicine company. It reseraches and develops therapeutic technologies based in neurology and rheumatology. Electrocore, LLC is based in NJ, United States. “
Other equities analysts have also issued reports about the company. Cantor Fitzgerald began coverage on Electrocore in a report on Friday, September 21st. They issued an “overweight” rating for the company. BTIG Research reissued a “buy” rating on shares of Electrocore in a report on Thursday, November 15th.
Electrocore (NASDAQ:ECOR) last issued its quarterly earnings data on Tuesday, November 13th. The company reported ($0.45) earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of ($0.45). The business had revenue of $0.15 million during the quarter. Equities research analysts anticipate that Electrocore will post -1.13 EPS for the current year.
In other news, CEO Francis R. Amato bought 7,500 shares of the business’s stock in a transaction on Thursday, December 6th. The stock was purchased at an average cost of $6.53 per share, for a total transaction of $48,975.00. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Peter S. Staats bought 10,000 shares of the business’s stock in a transaction on Thursday, December 13th. The stock was purchased at an average price of $4.83 per share, with a total value of $48,300.00. The disclosure for this purchase can be found here. Insiders purchased a total of 24,800 shares of company stock valued at $146,842 over the last three months.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Brown Brothers Harriman & Co. acquired a new stake in Electrocore in the third quarter worth approximately $140,000. Point72 Asset Management L.P. acquired a new stake in Electrocore in the second quarter worth approximately $206,000. SCP Investment LP acquired a new stake in Electrocore in the third quarter worth approximately $260,000. Bfsg LLC acquired a new stake in Electrocore in the third quarter worth approximately $301,000. Finally, Citadel Advisors LLC acquired a new stake in Electrocore in the second quarter worth approximately $427,000. Hedge funds and other institutional investors own 16.31% of the company’s stock.
electroCore, LLC, a bioelectronic medicine company, engages in developing a range of patient-administered non-invasive vagus nerve stimulation therapies for the treatment of various conditions in neurology, rheumatology, and other fields. It is developing gammaCore, a prescription-only vagus nerve stimulation therapy, for the acute treatment of pain associated with migraine and episodic cluster headache in adults.
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