Tejara Capital Ltd Acquires Shares of 100,378 electroCore, Inc. $ECOR

Tejara Capital Ltd acquired a new position in shares of electroCore, Inc. (NASDAQ:ECOR) in the 4th quarter, HoldingsChannel.com reports. The firm acquired 100,378 shares of the company’s stock, valued at approximately $450,000.

Several other hedge funds and other institutional investors also recently modified their holdings of ECOR. Jaffetilchin Investment Partners LLC raised its stake in shares of electroCore by 7.4% in the 4th quarter. Jaffetilchin Investment Partners LLC now owns 52,363 shares of the company’s stock valued at $235,000 after purchasing an additional 3,600 shares in the last quarter. Two Sigma Investments LP lifted its position in shares of electroCore by 20.8% during the third quarter. Two Sigma Investments LP now owns 24,603 shares of the company’s stock worth $122,000 after purchasing an additional 4,231 shares during the last quarter. International Assets Investment Management LLC grew its stake in electroCore by 15.2% in the fourth quarter. International Assets Investment Management LLC now owns 88,720 shares of the company’s stock worth $398,000 after purchasing an additional 11,700 shares in the last quarter. FNY Investment Advisers LLC acquired a new position in electroCore in the fourth quarter worth about $82,000. Finally, Jane Street Group LLC increased its holdings in electroCore by 114.4% in the first quarter. Jane Street Group LLC now owns 36,726 shares of the company’s stock valued at $246,000 after buying an additional 19,599 shares during the last quarter. Institutional investors own 26.74% of the company’s stock.

Analyst Upgrades and Downgrades

ECOR has been the topic of several research reports. HC Wainwright cut their price objective on electroCore from $25.00 to $18.00 and set a “buy” rating on the stock in a research note on Monday, January 26th. Zacks Research upgraded electroCore from a “strong sell” rating to a “hold” rating in a research report on Friday, March 27th. Weiss Ratings reiterated a “sell (d-)” rating on shares of electroCore in a report on Friday, March 27th. Finally, raised electroCore to a “strong-buy” rating in a research report on Tuesday, February 3rd. One equities research analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $18.00.

electroCore Stock Performance

NASDAQ ECOR opened at $6.43 on Friday. electroCore, Inc. has a one year low of $4.16 and a one year high of $8.64. The company has a 50-day simple moving average of $6.47 and a 200-day simple moving average of $5.93. The firm has a market capitalization of $53.37 million, a PE ratio of -3.63 and a beta of 0.68.

electroCore (NASDAQ:ECOR) last released its quarterly earnings data on Wednesday, May 6th. The company reported ($0.59) earnings per share for the quarter, hitting the consensus estimate of ($0.59). electroCore had a negative net margin of 44.08% and a negative return on equity of 1,956.38%. The firm had revenue of $9.58 million for the quarter, compared to analyst estimates of $9.01 million. Equities analysts forecast that electroCore, Inc. will post -1.48 earnings per share for the current year.

Insider Activity at electroCore

In other news, Director Daniel S. Goldberger sold 16,072 shares of the company’s stock in a transaction that occurred on Friday, April 10th. The stock was sold at an average price of $6.02, for a total transaction of $96,753.44. Following the completion of the transaction, the director directly owned 291,471 shares of the company’s stock, valued at approximately $1,754,655.42. This represents a 5.23% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Company insiders own 13.80% of the company’s stock.

electroCore Company Profile

electroCore, Inc is a commercial-stage bioelectronic medicine company headquartered in Rockaway, New Jersey. The company specializes in the development and commercialization of non-invasive vagus nerve stimulation (nVNS) therapies designed to address a variety of neurological and inflammatory conditions. Established in 2006, electroCore has focused its efforts on translating neuromodulation science into a compact, patient-administered treatment device.

The company’s lead product, gammaCore®, is a handheld, battery-powered device that delivers nVNS through the skin to the cervical branch of the vagus nerve.