Accelevation Holdings Corp.’s Quiet Period To Expire on November 9th (NASDAQ:ACCV)

Accelevation’s (NASDAQ:ACCV) quiet period will end on Monday, November 9th. Accelevation had issued 30,000,000 shares in its initial public offering on September 30th. The total size of the offering was $540,000,000 based on an initial share price of $18.00. During the company’s quiet period, insiders and underwriters that worked on the IPO are restricted from issuing any research reports for the company because of regulations issued by the Securities and Exchange Commission. Following the end of the company’s quiet period, the brokerages that served as underwriters will likely initiate research coverage on the company.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on ACCV. Wolfe Research started coverage on shares of Accelevation in a research report on Monday, October 26th. They set an “outperform” rating for the company. Bank of America began coverage on shares of Accelevation in a report on Monday, October 26th. They issued a “buy” rating and a $20.00 price target on the stock. William Blair set a $20.00 price objective on shares of Accelevation in a research note on Monday, October 26th. Morgan Stanley initiated coverage on Accelevation in a report on Monday, October 26th. They set an “equal weight” rating and a $18.00 price objective for the company. Finally, The Goldman Sachs Group began coverage on Accelevation in a research report on Monday, October 26th. They issued a “buy” rating and a $22.00 target price on the stock. Seven research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $19.43.

Accelevation Stock Performance

NASDAQ:ACCV opened at $14.11 on Wednesday. Accelevation has a 12 month low of $11.58 and a 12 month high of $18.10.

Insider Activity at Accelevation

In related news, COO Brent Jewell acquired 2,500 shares of Accelevation stock in a transaction on Thursday, October 1st. The shares were purchased at an average cost of $18.00 per share, for a total transaction of $45,000.00. Following the purchase, the chief operating officer directly owned 304,068 shares of the company’s stock, valued at $5,473,224. The trade was a 0.83% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Howard Heckes purchased 5,000 shares of Accelevation stock in a transaction dated Thursday, October 1st. The shares were bought at an average cost of $18.00 per share, for a total transaction of $90,000.00. Following the transaction, the director directly owned 5,000 shares of the company’s stock, valued at approximately $90,000. The trade was a ∞ increase in their position. The disclosure for this purchase is available in the SEC filing. In the last 90 days, insiders bought 227,700 shares of company stock worth $4,098,600.

Accelevation Company Profile

Accelevation Holdings Corp. designs, manufactures and installs customized structural, electrical and mechanical systems for mission-critical infrastructure.