PPHC’s (NASDAQ:PPHC) Quiet Period To Expire on March 9th

PPHC’s (NASDAQ:PPHC) quiet period is set to end on Monday, March 9th. PPHC had issued 4,150,000 shares in its 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 end of the company’s quiet period, the brokerages that served as underwriters will likely initiate research coverage on the company.

Analysts Set New Price Targets

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

PPHC Price Performance

PPHC opened at $11.56 on Monday. PPHC has a one year low of $11.25 and a one year high of $13.00.

PPHC Company Profile

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.