Lyntris Inc.’s (NYSE:LYNX) Quiet Period Will Expire Tomorrow

Lyntris’ (NYSE:LYNX – Get Free Report) quiet period is set to end on Monday, September 28th. Lyntris had issued 17,000,000 shares in its public offering on August 19th. The total size of the offering was $297,500,000 based on an initial share price of $17.50. During the company’s quiet period, insiders and any underwriters that worked on the IPO are prevented from issuing any research reports for the company because of SEC regulations. Following the end of the company’s quiet period, the brokerages that served as underwriters will likely initiate research coverage on the company.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on LYNX. Bank of America initiated coverage on Lyntris in a report on Monday, September 14th. They set a “buy” rating and a $21.00 price target on the stock. Evercore initiated coverage on Lyntris in a report on Monday, September 14th. They issued an “outperform” rating and a $22.00 price objective for the company. UBS Group set a $21.00 target price on Lyntris in a research report on Monday, September 14th. Raymond James Financial started coverage on shares of Lyntris in a research note on Monday, September 14th. They set an “outperform” rating and a $18.00 target price on the stock. Finally, Guggenheim initiated coverage on shares of Lyntris in a research note on Monday, September 14th. They set a “buy” rating and a $20.00 target price on the stock. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $19.86.

View Our Latest Stock Analysis on LYNX

Lyntris Price Performance

Shares of LYNX stock opened at $12.90 on Friday. Lyntris has a 1 year low of $12.21 and a 1 year high of $16.00.

Insider Activity at Lyntris

In other Lyntris news, CFO Tim Paulin sold 55,169 shares of the company’s stock in a transaction dated Thursday, August 20th. The stock was sold at an average price of $16.45, for a total value of $907,530.05. Following the completion of the sale, the chief financial officer owned 496,525 shares in the company, valued at $8,167,836.25. This represents a 10.00% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, President Matthew Alty sold 238,583 shares of the company’s stock in a transaction dated Thursday, August 20th. The stock was sold at an average price of $16.45, for a total value of $3,924,690.35. Following the completion of the sale, the president owned 1,789,377 shares of the company’s stock, valued at approximately $29,435,251.65. The trade was a 11.76% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 8,912,282 shares of company stock valued at $155,357,039 in the last ninety days.

Lyntris Company Profile

(Get Free Report)

Lyntris Inc is a defense technology company delivering sense-to-act connectivity solutions for the modern, connected battlespace. Lyntris Inc is based in WASHINGTON.

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