Acquity Group Ltd’s Quiet Period Set To Expire on December 13th (NYSEMKT:AQ)

Acquity Group’s (NYSEMKT:AQ) quiet period will expire on Wednesday, December 13th. Acquity Group had issued 6,818,000 shares in its initial public offering on November 3rd. The total size of the offering was $61,362,000 based on an initial share price of $9.00. During the company’s quiet period, insiders and underwriters involved in the IPO are prevented from issuing any research reports or earnings estimates for the company because of SEC regulations. Following the end of the company’s quiet period, it’s expected that the brokerages that served as underwriters on the stock will initiate research coverage on the company.

AQ has been the subject of several research analyst reports. Barclays initiated coverage on shares of Acquity Group in a research note on Tuesday, November 28th. They set an “overweight” rating and a $14.00 price target for the company. Deutsche Bank initiated coverage on shares of Acquity Group in a research note on Tuesday, November 28th. They issued a “buy” rating and a $15.00 price objective for the company. Morgan Stanley initiated coverage on shares of Acquity Group in a research note on Tuesday, November 28th. They issued an “overweight” rating and a $15.00 price objective for the company. Needham & Company LLC initiated coverage on shares of Acquity Group in a research note on Tuesday, November 28th. They issued a “buy” rating and a $15.00 price objective for the company. Finally, Raymond James Financial initiated coverage on shares of Acquity Group in a research note on Tuesday, November 28th. They issued an “outperform” rating and a $15.00 price objective for the company. Five research analysts have rated the stock with a buy rating, The company has a consensus rating of “Buy” and an average price target of $14.80.

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Acquity Group Company Profile

Acquity Group Limited is a holding company. The Company conduct its business through its principal operating subsidiary, Acquity Group LLC. It indirectly owns a 100% interest in Acquity Group LLC. The Company is an e-commerce and digital marketing company that uses the Internet, mobile devices and social media.

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