PPHC’s (NASDAQ:PPHC) Quiet Period Set To End Tomorrow

PPHC’s (NASDAQ:PPHC) quiet period is set to expire on Monday, March 9th. PPHC had issued 4,150,000 shares in its initial public offering on January 28th. The total size of the offering was $50,837,500 based on an initial share price of $12.25. During the company’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 expiration of the company’s quiet period, it’s expected that the brokerages that served as underwriters on the stock will initiate research coverage on the company.

Analyst Ratings Changes

A number of equities analysts have commented on PPHC shares. Oppenheimer began coverage on PPHC in a research note on Monday, February 23rd. They issued an “outperform” rating and a $16.00 price objective on the stock. Zacks Research raised PPHC to a “hold” rating in a report on Tuesday, February 24th. Canaccord Genuity Group assumed coverage on shares of PPHC in a research report on Monday, February 23rd. They set a “buy” rating and a $18.00 price target on the stock. Finally, Wall Street Zen raised shares of PPHC to a “hold” rating in a report on Friday, February 6th. Two investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $17.00.

PPHC Stock Performance

PPHC stock opened at $12.50 on Friday. PPHC has a fifty-two week low of $11.25 and a fifty-two week high of $13.00.

About PPHC

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.