electroCore, Inc. (NASDAQ:ECOR) Given Average Rating of “Moderate Buy” by Analysts

Shares of electroCore, Inc. (NASDAQ:ECOR) have been given an average rating of “Moderate Buy” by the six brokerages that are currently covering the stock, MarketBeat reports. Two analysts have rated the stock with a sell recommendation, two have issued a buy recommendation and two have given a strong buy recommendation to the company. The average 1-year target price among brokerages that have covered the stock in the last year is $22.00.

Several analysts recently issued reports on the stock. Brookline Capital Acquisition raised shares of electroCore to a “strong-buy” rating in a report on Tuesday, February 3rd. Wall Street Zen upgraded electroCore from a “sell” rating to a “hold” rating in a research note on Saturday, November 8th. HC Wainwright decreased their target price on electroCore from $25.00 to $18.00 and set a “buy” rating for the company in a research note on Monday, January 26th. Brookline Cap M raised electroCore to a “strong-buy” rating in a report on Tuesday, February 3rd. Finally, Zacks Research lowered electroCore from a “hold” rating to a “strong sell” rating in a research report on Wednesday, January 28th.

electroCore Trading Up 1.9%

Shares of electroCore stock opened at $5.46 on Thursday. The stock has a market cap of $43.66 million, a price-to-earnings ratio of -3.19 and a beta of 0.48. electroCore has a twelve month low of $4.16 and a twelve month high of $19.49. The company has a fifty day moving average price of $5.62 and a 200 day moving average price of $5.38.

Hedge Funds Weigh In On electroCore

Large investors have recently made changes to their positions in the business. FNY Investment Advisers LLC purchased a new stake in shares of electroCore during the fourth quarter valued at $82,000. Cubist Systematic Strategies LLC acquired a new position in shares of electroCore in the first quarter worth about $153,000. Two Sigma Investments LP raised its holdings in shares of electroCore by 20.8% during the third quarter. Two Sigma Investments LP now owns 24,603 shares of the company’s stock valued at $122,000 after acquiring an additional 4,231 shares during the period. Jane Street Group LLC boosted its stake in electroCore by 114.4% in the 1st 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 during the period. Finally, Jaffetilchin Investment Partners LLC grew its position in electroCore by 26.7% during the 2nd 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. Institutional investors own 26.74% of the company’s stock.

electroCore Company Profile

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.