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

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

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Jaffetilchin Investment Partners LLC increased its stake in shares of 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 acquiring an additional 6,700 shares during the last quarter. Jane Street Group LLC bought a new stake in shares of electroCore in the 4th quarter valued at about $278,000. Marshall Wace LLP bought a new stake in shares of electroCore in the 4th quarter valued at about $438,000. NewEdge Advisors LLC bought a new stake in shares of electroCore in the 4th quarter valued at about $274,000. Finally, Renaissance Technologies LLC increased its stake in shares of electroCore by 80.6% in the 4th quarter. Renaissance Technologies LLC now owns 131,786 shares of the company’s stock valued at $2,136,000 after acquiring an additional 58,800 shares during the last quarter. 26.74% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

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

electroCore Stock Performance

NASDAQ ECOR opened at $5.24 on Friday. The business has a 50 day simple moving average of $6.13 and a 200 day simple moving average of $8.27. electroCore, Inc. has a 52-week low of $4.16 and a 52-week high of $19.49. The stock has a market cap of $39.72 million, a price-to-earnings ratio of -3.23 and a beta of 0.27.

electroCore (NASDAQ:ECOR) last posted its earnings results on Wednesday, August 6th. The company reported ($0.35) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 business had revenue of $7.38 million for the quarter, compared to the consensus estimate of $7.24 million. On average, analysts predict that electroCore, Inc. will post -1.49 EPS for the current year.

Insider Transactions at electroCore

In other electroCore news, Director Thomas J. Errico acquired 15,000 shares of the stock in a transaction dated Monday, August 11th. The shares were bought at an average cost of $4.47 per share, for a total transaction of $67,050.00. Following the completion of the acquisition, the director directly owned 281,401 shares of the company’s stock, 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 filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Over the last three months, insiders purchased 17,800 shares of company stock worth $80,298. 13.80% of the stock is currently owned by corporate insiders.

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.