Electrocore (ECOR) Receives New Coverage from Analysts at Cantor Fitzgerald

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Cantor Fitzgerald initiated coverage on shares of Electrocore (NASDAQ:ECOR) in a report released on Friday, September 21st, MarketBeat.com reports. The brokerage issued an overweight rating on the stock.

Several other analysts have also commented on the stock. JMP Securities began coverage on shares of Electrocore in a research report on Tuesday, July 17th. They issued an outperform rating and a $23.00 price objective on the stock. BTIG Research began coverage on shares of Electrocore in a research report on Tuesday, July 17th. They issued a buy rating and a $20.00 price target on the stock.

ECOR stock traded down $0.56 during mid-day trading on Friday, hitting $11.78. The company had a trading volume of 50,414 shares, compared to its average volume of 86,649. Electrocore has a 12 month low of $11.40 and a 12 month high of $20.25.

Electrocore (NASDAQ:ECOR) last announced its quarterly earnings data on Monday, August 13th. The company reported ($0.21) EPS for the quarter, topping the consensus estimate of ($0.38) by $0.17. The company had revenue of $0.39 million during the quarter. Research analysts predict that Electrocore will post -0.91 earnings per share for the current year.

In other Electrocore news, Director Carrie Smith Cox purchased 3,700 shares of the stock in a transaction dated Friday, August 17th. The shares were bought at an average price of $13.76 per share, with a total value of $50,912.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Large investors have recently modified their holdings of the stock. Point72 Asset Management L.P. purchased a new position in Electrocore during the second quarter valued at approximately $206,000. Citadel Advisors LLC purchased a new position in Electrocore during the second quarter valued at approximately $427,000. Dean Capital Investments Management LLC purchased a new position in Electrocore during the second quarter valued at approximately $499,000. Millennium Management LLC purchased a new position in Electrocore during the second quarter valued at approximately $724,000. Finally, Sio Capital Management LLC purchased a new position in Electrocore during the second quarter valued at approximately $3,523,000. 14.98% of the stock is owned by institutional investors.

About Electrocore

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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