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

PPHC’s (NASDAQ:PPHC) quiet period will expire 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 PPHC’s quiet period, insiders and underwriters that worked on the IPO are restricted from issuing any earnings forecasts or research reports for the company because of regulations issued by the Securities and Exchange Commission. Following the expiration of the company’s quiet period, the brokerages that served as underwriters will likely initiate research coverage on the company.

Analyst Ratings Changes

Several equities research analysts have issued reports on PPHC shares. Canaccord Genuity Group started coverage on shares of PPHC in a research report on Monday, February 23rd. They set a “buy” rating and a $18.00 target price for the company. Oppenheimer began coverage on shares of PPHC in a research report on Monday, February 23rd. They set an “outperform” rating and a $16.00 price objective on the stock. Wall Street Zen upgraded shares of PPHC to a “hold” rating in a research report on Friday, February 6th. Finally, Zacks Research upgraded PPHC to a “hold” rating in a research report 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. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $17.00.

PPHC Stock Down 3.3%

Shares of PPHC opened at $11.56 on Monday. PPHC has a fifty-two week low of $11.25 and a fifty-two week 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.