Jump Financial LLC Buys Shares of 14,149 electroCore, Inc. $ECOR

Jump Financial LLC bought a new stake in electroCore, Inc. (NASDAQ:ECOR) during the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm bought 14,149 shares of the company’s stock, valued at approximately $95,000.

Several other hedge funds have also recently bought and sold shares of the company. Jaffetilchin Investment Partners LLC increased its holdings in electroCore by 25.5% in the 1st quarter. Jaffetilchin Investment Partners LLC now owns 32,983 shares of the company’s stock valued at $221,000 after buying an additional 6,700 shares during the period. XTX Topco Ltd bought a new position in electroCore in the 1st quarter valued at about $90,000. Finally, Jane Street Group LLC bought a new position in electroCore in the 4th quarter valued at about $278,000. 26.74% of the stock is owned by institutional investors.

electroCore Trading Down 0.8%

Shares of electroCore stock opened at $4.89 on Friday. The firm has a market capitalization of $37.07 million, a PE ratio of -3.02 and a beta of 0.36. The firm’s 50 day moving average is $6.10 and its 200 day moving average is $7.10. electroCore, Inc. has a 1 year low of $4.16 and a 1 year high of $19.49.

electroCore (NASDAQ:ECOR) last announced its quarterly earnings results on Wednesday, August 6th. The company reported ($0.35) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.32) by ($0.03). The company had revenue of $7.38 million for the quarter, compared to the consensus estimate of $7.24 million. electroCore had a negative net margin of 47.84% and a negative return on equity of 221.93%. As a group, research analysts anticipate that electroCore, Inc. will post -1.49 earnings per share for the current year.

Insider Activity

In related news, Director Thomas J. Errico purchased 15,000 shares of the firm’s stock in a transaction that occurred on Monday, August 11th. The shares were bought at an average cost of $4.47 per share, with a total value of $67,050.00. Following the acquisition, the director owned 281,401 shares of the company’s stock, valued at $1,257,862.47. This trade represents a 5.63% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Company insiders own 13.80% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Wall Street Zen lowered shares of electroCore from a “hold” rating to a “sell” rating in a report on Saturday, August 9th. Two investment analysts have rated the stock with a Buy rating, According to MarketBeat, electroCore presently has a consensus rating of “Buy” and an average price target of $25.50.

electroCore Profile

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.