Public Policy Holding Company, Inc.’s Lock-Up Period Set 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 public offering 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 the company’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 analysts have weighed in on PPHC shares. Canaccord Genuity Group restated a “buy” rating and set a $18.00 price objective 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 research report on Wednesday, July 1st. Two analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $17.00.

Public Policy Price Performance

Shares of PPHC stock opened at $8.88 on Monday. The company’s fifty day moving average price is $9.73. Public Policy has a one year low of $7.01 and a one year high of $15.15. The company has a market cap of $265.47 million and a P/E ratio of 126.86.

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.