Public Policy Holding Company, Inc.’s Lock-Up Period Will 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 IPO 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 Public Policy’s lock-up period, restrictions preventing company insiders and major shareholders from selling shares in the company will be lifted.

Wall Street Analyst Weigh In

PPHC has been the topic of several analyst reports. Canaccord Genuity Group reissued 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 report on Wednesday, July 1st. Two equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $17.00.

Public Policy Stock Performance

Shares of PPHC stock opened at $8.88 on Monday. The company’s 50-day moving average is $9.73. Public Policy has a 1-year low of $7.01 and a 1-year high of $15.15. The company has a market capitalization 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.