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

Wealthfront’s (NASDAQ:WLTH) quiet period is set to expire 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 the company’s quiet period, insiders and any underwriters involved in 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.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on WLTH shares. Wall Street Zen downgraded shares of Wealthfront from a “hold” rating to a “sell” rating in a research report on Thursday. Wells Fargo & Company lowered their price objective on Wealthfront from $16.50 to $15.50 and set an “overweight” rating on the stock in a research note on Tuesday. One equities research analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the company has an average rating of “Buy” and an average target price of $15.50.

Wealthfront Stock Performance

WLTH stock opened at $10.15 on Friday. Wealthfront has a 12 month low of $9.70 and a 12 month high of $14.88.

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