International Assets Investment Management LLC Trims Stock Position in electroCore, Inc. (NASDAQ:ECOR)

International Assets Investment Management LLC cut its holdings in electroCore, Inc. (NASDAQ:ECORFree Report) by 12.9% during the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 46,470 shares of the company’s stock after selling 6,900 shares during the period. International Assets Investment Management LLC owned 0.65% of electroCore worth $311,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in ECOR. JPMorgan Chase & Co. boosted its stake in electroCore by 31,250.0% during 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 during the period. DnB Asset Management AS acquired a new position in shares of electroCore in the 4th quarter worth approximately $180,000. NewEdge Advisors LLC purchased a new position in shares of electroCore during the 4th quarter worth approximately $274,000. Jane Street Group LLC acquired a new stake in electroCore in the 4th quarter valued at approximately $278,000. Finally, Marshall Wace LLP acquired a new stake in electroCore in the 4th quarter valued at approximately $438,000. 26.74% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on the company. LADENBURG THALM/SH SH lowered their price target on electroCore from $28.00 to $26.00 and set a “buy” rating for the company in a research report on Thursday, March 13th. HC Wainwright reissued a “buy” rating and set a $25.00 target price on shares of electroCore in a research note on Thursday, March 13th.

Get Our Latest Research Report on ECOR

electroCore Stock Performance

Shares of ECOR stock opened at $5.45 on Friday. The stock has a market capitalization of $40.44 million, a P/E ratio of -3.49 and a beta of 0.79. The company has a 50 day moving average price of $5.66 and a 200 day moving average price of $10.57. electroCore, Inc. has a fifty-two week low of $4.47 and a fifty-two week high of $19.49.

electroCore (NASDAQ:ECORGet Free Report) last issued its quarterly earnings results on Wednesday, May 7th. The company reported ($0.47) EPS for the quarter, beating the consensus estimate of ($0.56) by $0.09. electroCore had a negative net margin of 46.24% and a negative return on equity of 149.04%. The company had revenue of $6.72 million during the quarter, compared to analysts’ expectations of $6.93 million. On average, research analysts forecast that electroCore, Inc. will post -1.49 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, Director Thomas J. Errico acquired 10,000 shares of electroCore stock in a transaction dated Monday, May 12th. The shares were acquired at an average cost of $4.77 per share, for a total transaction of $47,700.00. Following the acquisition, the director now owns 266,401 shares of the company’s stock, valued at $1,270,732.77. This trade represents a 3.90% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 19.70% of the stock is owned by company insiders.

electroCore Company Profile

(Free Report)

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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Institutional Ownership by Quarter for electroCore (NASDAQ:ECOR)

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