Ticketplus’ (NYSEAMERICAN:TP – Get Free Report) quiet period will end on Wednesday, September 16th. Ticketplus had issued 1,875,000 shares in its initial public offering on August 7th. The total size of the offering was $15,000,000 based on an initial share price of $8.00. During the company’s quiet period, insiders and any underwriters involved in the IPO are prevented from issuing any earnings forecasts or 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.
Analyst Ratings Changes
Several equities research analysts have recently issued reports on TP shares. Greenridge Global raised shares of Ticketplus to a “strong-buy” rating in a research report on Monday, August 31st. Zacks Research upgraded shares of Ticketplus to a “hold” rating in a report on Tuesday, September 1st. Finally, Roth Capital began coverage on shares of Ticketplus in a research report on Monday, August 31st. They set a “buy” rating and a $14.00 price target for the company. One analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average target price of $14.00.
View Our Latest Stock Analysis on TP
Ticketplus Stock Performance
Ticketplus Company Profile
Ticketplus Ltd. is a technology company operates a proprietary, full-stack technology platform powering live entertainment. Ticketplus Ltd. is based in SANTIAGO, Chile.
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