electroCore, Inc. (NASDAQ:ECOR) Receives $22.00 Consensus Target Price from Brokerages

Shares of electroCore, Inc. (NASDAQ:ECOR) have received an average rating of “Moderate Buy” from the six analysts that are covering the firm, Marketbeat reports. Two equities research analysts have rated the stock with a sell rating, two have assigned a buy rating and two have given a strong buy rating to the company. The average 1-year target price among analysts that have issued ratings on the stock in the last year is $22.00.

ECOR has been the subject of several research reports. Brookline Capital Acquisition raised electroCore to a “strong-buy” rating in a research note on Tuesday, February 3rd. Brookline Cap M upgraded shares of electroCore to a “strong-buy” rating in a research report on Tuesday, February 3rd. Wall Street Zen upgraded shares of electroCore from a “sell” rating to a “hold” rating in a report on Saturday, November 8th. Weiss Ratings reissued a “sell (d-)” rating on shares of electroCore in a research note on Monday, December 29th. Finally, Zacks Research lowered shares of electroCore from a “hold” rating to a “strong sell” rating in a research report on Wednesday, January 28th.

electroCore Price Performance

NASDAQ ECOR opened at $5.35 on Thursday. electroCore has a 12 month low of $4.16 and a 12 month high of $19.49. The firm has a market capitalization of $42.80 million, a PE ratio of -3.13 and a beta of 0.48. The company’s 50 day simple moving average is $5.60 and its 200 day simple moving average is $5.39.

Institutional Investors Weigh In On electroCore

Institutional investors and hedge funds have recently modified their holdings of the stock. FNY Investment Advisers LLC acquired a new position in shares of electroCore in the 4th 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 boosted its holdings in shares of electroCore by 20.8% in 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 during the period. Jane Street Group LLC increased its position in shares of 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 acquiring an additional 19,599 shares in the last quarter. Finally, Jaffetilchin Investment Partners LLC raised its holdings in shares of electroCore by 26.7% during the second quarter. Jaffetilchin Investment Partners LLC now owns 41,783 shares of the company’s stock valued at $221,000 after acquiring an additional 8,800 shares during the period. 26.74% of the stock is owned by institutional investors and hedge funds.

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.