XTX Topco Ltd Acquires Shares of 13,405 electroCore, Inc. (NASDAQ:ECOR)

XTX Topco Ltd acquired a new stake in shares of electroCore, Inc. (NASDAQ:ECOR) during the 1st quarter, HoldingsChannel reports. The fund acquired 13,405 shares of the company’s stock, valued at approximately $90,000.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in ECOR. JPMorgan Chase & Co. lifted its stake in shares of electroCore by 31,250.0% in the fourth quarter. JPMorgan Chase & Co. now owns 3,762 shares of the company’s stock worth $61,000 after buying an additional 3,750 shares in the last quarter. Jaffetilchin Investment Partners LLC lifted its stake in shares of electroCore by 25.5% in the first quarter. Jaffetilchin Investment Partners LLC now owns 32,983 shares of the company’s stock worth $221,000 after buying an additional 6,700 shares in the last quarter. NewEdge Advisors LLC purchased a new position in shares of electroCore in the fourth quarter worth about $274,000. Jane Street Group LLC purchased a new position in shares of electroCore in the fourth quarter worth about $278,000. Finally, Marshall Wace LLP purchased a new position in shares of electroCore in the fourth quarter worth about $438,000. 26.74% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at electroCore

In other news, Director Thomas J. Errico acquired 15,000 shares of the business’s stock in a transaction that occurred on Monday, August 11th. The stock was purchased at an average cost of $4.47 per share, for a total transaction of $67,050.00. Following the completion of the transaction, the director owned 281,401 shares in the company, valued at approximately $1,257,862.47. This trade represents a 5.63% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Insiders have bought 17,800 shares of company stock worth $80,298 in the last ninety days. 13.80% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen downgraded shares of electroCore from a “hold” rating to a “sell” rating in a research note on Saturday, August 9th.

electroCore Stock Performance

electroCore stock opened at $5.24 on Friday. electroCore, Inc. has a 12-month low of $4.16 and a 12-month high of $19.49. The stock has a market cap of $39.72 million, a P/E ratio of -3.23 and a beta of 0.27. The company has a 50-day moving average price of $6.13 and a 200 day moving average price of $8.27.

electroCore (NASDAQ:ECOR) last released its quarterly earnings data 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). electroCore had a negative return on equity of 221.93% and a negative net margin of 47.84%. The firm had revenue of $7.38 million for the quarter, compared to analyst estimates of $7.24 million. As a group, analysts forecast that electroCore, Inc. will post -1.49 EPS for the current year.

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.