ERock, Inc.’s (NYSE:EROC) Quiet Period To Expire Tomorrow

ERock’s (NYSE:EROC) quiet period is set to expire 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 ERock’s quiet period, insiders and any underwriters that worked on the IPO are prevented from issuing any earnings forecasts or 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 Upgrades and Downgrades

A number of analysts have weighed in on EROC shares. Morgan Stanley started coverage on ERock in a report on Monday, July 6th. They set an “overweight” rating and a $21.00 target price for the company. Wall Street Zen upgraded ERock to a “hold” rating in a report on Saturday, June 20th. Wolfe Research started coverage on ERock in a research report on Monday, July 6th. They issued an “outperform” rating and a $24.00 price target for the company. Guggenheim initiated coverage on ERock in a research note on Monday, July 6th. They set a “buy” rating and a $23.00 price objective for the company. Finally, JPMorgan Chase & Co. began coverage on ERock in a research report on Monday, July 6th. They set an “overweight” rating and a $24.00 price objective on the stock. One research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average price target of $22.62.

ERock Price Performance

Shares of ERock stock opened at $10.74 on Friday. ERock has a 52-week low of $10.03 and a 52-week high of $20.70.