Public Policy Holding Company, Inc.’s Lock-Up Period To Expire on July 27th (NASDAQ:PPHC)

Public Policy’s (NASDAQ:PPHC) lock-up period is set to expire on Monday, July 27th. Public Policy had issued 4,150,000 shares in its IPO on January 28th. The total size of the offering was $50,837,500 based on an initial share price of $12.25. After the expiration of Public Policy’s lock-up period, restrictions preventing major shareholders and company insiders from selling shares in the company will be lifted.

Wall Street Analyst Weigh In

A number of brokerages have commented on PPHC. Canaccord Genuity Group restated a “buy” rating and issued a $18.00 target price on shares of Public Policy in a research note on Wednesday, July 8th. Weiss Ratings upgraded Public Policy from a “sell (e-)” rating to a “sell (e)” rating in a report on Wednesday, July 1st. Two investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, Public Policy presently has an average rating of “Hold” and a consensus target price of $17.00.

Public Policy Price Performance

PPHC stock opened at $9.08 on Wednesday. The company has a market capitalization of $271.45 million and a PE ratio of 129.71. The company’s 50-day moving average price is $9.56. Public Policy has a 52-week low of $7.01 and a 52-week high of $15.15.

About Public Policy

Our mission is to become the preeminent provider of global strategic communications by uniting a diverse group of leading government relations, corporate communications and public affairs specialists around the world for the collective success of our clients, employees, and shareholders. Founded by veteran advisors with decades of experience in Washington, DC’s public policy and government relations landscape, we have grown and diversified our global communications advisory business through targeted acquisitions and organic growth.