Value Aligned Research Advisors LLC purchased a new position in ERock, Inc. (NYSE:EROC – Free Report) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 1,345,920 shares of the company’s stock, valued at approximately $19,516,000.
Separately, Wellington Management Group LLP purchased a new position in shares of ERock in the second quarter valued at about $7,228,000.
Analysts Set New Price Targets
Several analysts recently issued reports on EROC shares. Wolfe Research assumed coverage on ERock in a research report on Monday, July 6th. They set an “outperform” rating and a $24.00 target price for the company. BNP Paribas Exane set a $22.00 price target on ERock and gave the stock an “outperform” rating in a report on Monday, July 6th. Wall Street Zen upgraded ERock to a “hold” rating in a research note on Saturday, June 20th. Evercore started coverage on shares of ERock in a report on Monday, July 6th. They set an “outperform” rating and a $28.00 price objective for the company. Finally, Guggenheim initiated coverage on shares of ERock in a research report on Monday, July 6th. They set a “buy” rating and a $23.00 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 issued a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus target price of $22.88.
ERock Stock Performance
Shares of EROC stock opened at $13.24 on Friday. The business has a fifty day moving average of $13.06. ERock, Inc. has a 52 week low of $8.88 and a 52 week high of $20.70.
ERock (NYSE:EROC – Get Free Report) last issued its quarterly earnings data on Tuesday, August 11th. The company reported ($0.06) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.31) by $0.25. The firm had revenue of $39.88 million for the quarter, compared to analysts’ expectations of $26.45 million. As a group, equities analysts expect that ERock, Inc. will post -0.3 earnings per share for the current fiscal year.
ERock Profile
ERock Inc provide onsite power solutions. ERock Inc is based in HOUSTON.
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