Wealthfront’s Quiet Period Will Expire on January 21st (NASDAQ:WLTH)

Wealthfront’s (NASDAQ:WLTH) quiet period is set to end on Wednesday, January 21st. Wealthfront had issued 34,615,384 shares in its IPO on December 12th. The total size of the offering was $484,615,376 based on an initial share price of $14.00. During Wealthfront’s quiet period, insiders and any underwriters involved in the IPO are prevented from issuing any research reports for the company because of SEC regulations. 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 Analyst Weigh In

Several research firms have issued reports on WLTH. Wall Street Zen lowered Wealthfront from a “hold” rating to a “sell” rating in a research note on Thursday. Wells Fargo & Company dropped their price target on Wealthfront from $16.50 to $15.50 and set an “overweight” rating on the stock in a research note on Tuesday. One analyst has rated the stock with a Buy rating, According to MarketBeat, Wealthfront currently has a consensus rating of “Buy” and a consensus price target of $15.50.

Wealthfront Trading Down 1.1%

Wealthfront stock opened at $10.15 on Friday. Wealthfront has a twelve month low of $9.70 and a twelve month high of $14.88.

Wealthfront (NASDAQ:WLTH) last posted its earnings results on Monday, January 12th. The company reported $0.21 EPS for the quarter. The firm had revenue of $93.22 million during the quarter.

About Wealthfront

Wealthfront (NASDAQ:WLTH) is a technology-driven wealth management firm that provides automated investment services to individual investors. Operating as a robo-advisor, the company uses algorithms and software to construct and manage diversified portfolios largely composed of low-cost exchange-traded funds (ETFs). Its platform is geared toward long-term, goal-based investing with an emphasis on passive strategies, automated rebalancing and straightforward user experience delivered through web and mobile applications.

The company’s product suite includes automated portfolio management, tax-loss harvesting and goal-planning tools that help clients set and track financial objectives.