Public Policy Holding Company, Inc.’s Lock-Up Period Will Expire Tomorrow (NASDAQ:PPHC)

Public Policy’s (NASDAQ:PPHC – Get Free Report) lock-up period will end on Monday, July 27th. Public Policy had issued 4,150,000 shares in its initial public offering 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 subject of several recent analyst reports. Weiss Ratings raised shares of Public Policy from a “sell (e-)” rating to a “sell (e)” rating in a report on Wednesday, July 1st. Canaccord Genuity Group reaffirmed a “buy” rating and set a $18.00 price objective on shares of Public Policy in a report on Wednesday, July 8th. Two investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $17.00.

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Public Policy Trading Up 1.8%

NASDAQ:PPHC opened at $8.99 on Friday. The business’s 50 day moving average price is $9.40. Public Policy has a 12 month low of $7.01 and a 12 month high of $15.15. The stock has a market cap of $268.76 million and a price-to-earnings ratio of 128.43.

Public Policy Company Profile

(Get Free Report)

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.

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