ERock, Inc.’s (NYSE:EROC) Quiet Period To End on July 20th

ERock’s (NYSE:EROC) quiet period is set to end on Monday, July 20th. ERock had issued 27,906,977 shares in its IPO on June 10th. The total size of the offering was $600,000,006 based on an initial share price of $21.50. During the company’s quiet period, insiders and any underwriters that worked on the IPO are restricted from issuing any research reports for the company because of SEC regulations. Following the end of the company’s quiet period, the brokerages that served as underwriters will likely initiate research coverage on the company.

Analyst Ratings Changes

A number of brokerages recently commented on EROC. Bank of America started coverage on ERock in a report on Monday, July 6th. They issued a “neutral” rating and a $16.00 price target for the company. Barclays initiated coverage on ERock in a report on Monday, July 6th. They set an “overweight” rating and a $23.00 price objective on the stock. Wall Street Zen raised ERock to a “hold” rating in a research report on Saturday, June 20th. Zacks Research upgraded ERock to a “hold” rating in a research note on Tuesday, July 7th. Finally, Morgan Stanley assumed coverage on shares of ERock in a research report on Monday, July 6th. They set an “overweight” rating and a $21.00 price target for the company. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, ERock presently has an average rating of “Moderate Buy” and an average target price of $22.62.

ERock Trading Down 0.4%

EROC opened at $13.30 on Monday. ERock has a 1-year low of $12.76 and a 1-year high of $20.70.