Readystate Asset Management LP Acquires New Position in ERock, Inc. $EROC

Readystate Asset Management LP bought a new position in ERock, Inc. (NYSE:EROC) in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 50,000 shares of the company’s stock, valued at approximately $725,000. Readystate Asset Management LP owned approximately 0.10% of ERock at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in EROC. Kayne Anderson Capital Advisors LP bought a new position in shares of ERock in the second quarter worth approximately $710,000. Wellington Management Group LLP bought a new stake in shares of ERock during the 2nd quarter valued at $7,228,000. Finally, Value Aligned Research Advisors LLC bought a new stake in shares of ERock during the 2nd quarter valued at $19,516,000.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the stock. Wolfe Research initiated coverage on shares of ERock in a report on Monday, July 6th. They issued an “outperform” rating and a $24.00 target price for the company. Weiss Ratings assumed coverage on ERock in a report on Friday. They set a “sell (e-)” rating on the stock. Zacks Research upgraded ERock to a “hold” rating in a research report on Tuesday, July 7th. Guggenheim dropped their price objective on ERock from $23.00 to $20.00 and set a “buy” rating for the company in a research note on Wednesday, September 2nd. Finally, BNP Paribas Exane set a $22.00 price objective on ERock and gave the stock an “outperform” rating in a research note on Monday, July 6th. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $22.50.

ERock Stock Performance

Shares of EROC stock opened at $12.26 on Tuesday. The business has a fifty day moving average of $12.55. ERock, Inc. has a 52 week low of $8.88 and a 52 week high of $20.70.

ERock (NYSE:EROC) 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 Company Profile

ERock Inc provide onsite power solutions. ERock Inc is based in HOUSTON.