International Assets Investment Management LLC decreased its holdings in shares of electroCore, Inc. (NASDAQ:ECOR – Free Report) by 12.9% in the 1st quarter, Holdings Channel.com reports. The firm owned 46,470 shares of the company’s stock after selling 6,900 shares during the quarter. International Assets Investment Management LLC’s holdings in electroCore were worth $311,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in ECOR. Renaissance Technologies LLC lifted its position in shares of electroCore by 80.6% during the 4th quarter. Renaissance Technologies LLC now owns 131,786 shares of the company’s stock worth $2,136,000 after buying an additional 58,800 shares during the last quarter. Marshall Wace LLP acquired a new stake in electroCore during the 4th quarter worth $438,000. Jane Street Group LLC purchased a new stake in electroCore in the fourth quarter valued at $278,000. NewEdge Advisors LLC purchased a new stake in electroCore in the fourth quarter valued at $274,000. Finally, DnB Asset Management AS acquired a new position in electroCore in the fourth quarter valued at $180,000. 26.74% of the stock is owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
A number of analysts have recently commented on the company. LADENBURG THALM/SH SH cut their target price on electroCore from $28.00 to $26.00 and set a “buy” rating on the stock in a research report on Thursday, March 13th. HC Wainwright reaffirmed a “buy” rating and set a $25.00 price target on shares of electroCore in a research report on Thursday, March 13th.
electroCore Price Performance
Shares of NASDAQ:ECOR opened at $5.45 on Friday. electroCore, Inc. has a 1-year low of $4.47 and a 1-year high of $19.49. The stock has a market cap of $40.44 million, a P/E ratio of -3.49 and a beta of 0.79. The firm has a fifty day moving average price of $5.66 and a 200 day moving average price of $10.57.
electroCore (NASDAQ:ECOR – Get Free Report) last announced its earnings results on Wednesday, May 7th. The company reported ($0.47) earnings per share for the quarter, topping the consensus estimate of ($0.56) by $0.09. The business had revenue of $6.72 million during the quarter, compared to the consensus estimate of $6.93 million. electroCore had a negative net margin of 46.24% and a negative return on equity of 149.04%. Sell-side analysts expect that electroCore, Inc. will post -1.49 EPS for the current fiscal year.
Insider Buying and Selling at electroCore
In other news, Director Thomas J. Errico acquired 10,000 shares of the business’s stock in a transaction on Monday, May 12th. The stock was bought at an average price of $4.77 per share, for a total transaction of $47,700.00. Following the transaction, the director now owns 266,401 shares in the company, valued at $1,270,732.77. This represents a 3.90% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 19.70% of the company’s stock.
About electroCore
electroCore, Inc, a commercial stage bioelectronic medicine and wellness company, provides non-invasive vagus nerve stimulation technology platform in the United States, the United Kingdom, and internationally. The company is developing gammaCore, a prescription only handheld device intended for regular or intermittent use for the acute treatment of pain associated with migraine and episodic cluster headache, as well as for the treatment of hemicrania continua and paroxysmal hemicrania.
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