Jane Street Group LLC Invests $278,000 in electroCore, Inc. (NASDAQ:ECOR)

Jane Street Group LLC acquired a new position in shares of electroCore, Inc. (NASDAQ:ECOR) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 17,127 shares of the company’s stock, valued at approximately $278,000. Jane Street Group LLC owned approximately 0.26% of electroCore at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the company. JPMorgan Chase & Co. boosted its stake in electroCore by 31,250.0% in the 4th quarter. JPMorgan Chase & Co. now owns 3,762 shares of the company’s stock valued at $61,000 after buying an additional 3,750 shares in the last quarter. DnB Asset Management AS acquired a new stake in electroCore in the 4th quarter valued at $180,000. NewEdge Advisors LLC acquired a new stake in electroCore in the 4th quarter valued at $274,000. Marshall Wace LLP acquired a new stake in electroCore in the 4th quarter valued at $438,000. Finally, Renaissance Technologies LLC boosted its stake in 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 buying an additional 58,800 shares in the last quarter. Institutional investors and hedge funds own 26.74% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently commented on ECOR shares. LADENBURG THALM/SH SH decreased their price target on electroCore from $28.00 to $26.00 and set a “buy” rating on the stock in a research note on Thursday, March 13th. HC Wainwright reaffirmed a “buy” rating and issued a $25.00 price target on shares of electroCore in a research note on Thursday, March 13th.

Insider Buying and Selling at electroCore

In other news, Director Thomas J. Errico bought 10,000 shares of the company’s stock in a transaction dated Monday, May 12th. The stock was bought at an average price of $4.77 per share, for a total transaction of $47,700.00. Following the completion of the transaction, the director now directly owns 266,401 shares in the company, valued at $1,270,732.77. The trade was a 3.90% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. In the last quarter, insiders acquired 18,800 shares of company stock worth $113,908. 19.70% of the stock is currently owned by insiders.

electroCore Stock Performance

Shares of ECOR opened at $5.18 on Wednesday. The stock has a fifty day moving average price of $5.86 and a two-hundred day moving average price of $11.31. electroCore, Inc. has a 52-week low of $4.47 and a 52-week high of $19.49. The company has a market cap of $38.44 million, a price-to-earnings ratio of -2.83 and a beta of 0.92.

electroCore (NASDAQ:ECOR) last issued its quarterly earnings data on Wednesday, May 7th. The company reported ($0.47) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.56) by $0.09. electroCore had a negative return on equity of 154.45% and a negative net margin of 54.40%. The firm had revenue of $6.72 million during the quarter, compared to the consensus estimate of $6.93 million. As a group, research analysts predict that electroCore, Inc. will post -1.49 EPS for the current fiscal 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.