Accelevation’s (NASDAQ:ACCV – Get Free Report) quiet period will end on Monday, November 9th. Accelevation had issued 30,000,000 shares in its initial public offering on September 30th. The total size of the offering was $540,000,000 based on an initial share price of $18.00. During Accelevation’s quiet period, insiders and underwriters involved in 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, it’s expected that the brokerages that served as underwriters on the stock will initiate research coverage on the company.
Analyst Ratings Changes
Several analysts recently commented on ACCV shares. Wall Street Zen raised shares of Accelevation to a “hold” rating in a report on Saturday, October 10th. Barclays assumed coverage on shares of Accelevation in a report on Monday, October 26th. They issued an “overweight” rating and a $20.00 price target on the stock. William Blair set a $20.00 price objective on shares of Accelevation in a research report on Monday, October 26th. Morgan Stanley began coverage on Accelevation in a report on Monday, October 26th. They set an “equal weight” rating and a $18.00 price objective for the company. Finally, Bank of America began coverage on Accelevation in a research report on Monday, October 26th. They issued a “buy” rating and a $20.00 target price on the stock. Seven research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $19.43.
Get Our Latest Analysis on Accelevation
Accelevation Stock Performance
ACCV stock opened at $9.94 on Friday. Accelevation has a fifty-two week low of $9.54 and a fifty-two week high of $18.10.
Insider Buying and Selling
In other Accelevation news, CEO Michael Rubiera acquired 200,000 shares of the company’s stock in a transaction on Thursday, October 1st. The stock was acquired at an average price of $18.00 per share, for a total transaction of $3,600,000.00. Following the purchase, the chief executive officer directly owned 1,424,285 shares of the company’s stock, valued at $25,637,130. This trade represents a 16.34% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Paul D. Donahue acquired 7,000 shares of the company’s stock in a transaction on Thursday, October 1st. The stock was acquired at an average price of $18.00 per share, with a total value of $126,000.00. Following the purchase, the director directly owned 7,000 shares in the company, valued at approximately $126,000. This represents a ∞ increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders have purchased a total of 227,700 shares of company stock valued at $4,098,600 in the last 90 days.
About Accelevation
Accelevation Holdings Corp. designs, manufactures and installs customized structural, electrical and mechanical systems for mission-critical infrastructure.
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