Park Dental Partners, Inc.’s Quiet Period Set To Expire on January 12th (NASDAQ:PARK)

Park Dental Partners’ (NASDAQ:PARK) quiet period will expire on Monday, January 12th. Park Dental Partners had issued 1,535,000 shares in its IPO on December 3rd. The total size of the offering was $19,955,000 based on an initial share price of $13.00. During the company’s quiet period, insiders and underwriters that worked on the IPO are prevented from issuing any research reports or earnings estimates 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 Upgrades and Downgrades

Several research analysts recently issued reports on the stock. Wall Street Zen upgraded shares of Park Dental Partners to a “hold” rating in a research note on Monday, December 15th. Craig Hallum began coverage on shares of Park Dental Partners in a research note on Tuesday. They set a “buy” rating and a $22.00 target price for the company. Northland Capmk upgraded shares of Park Dental Partners to a “strong-buy” rating in a report on Monday. Finally, Northland Securities initiated coverage on Park Dental Partners in a research report on Monday. They issued an “outperform” rating and a $21.50 price target on the stock. One research analyst has rated the stock with a Strong Buy rating and two have given a Buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Buy” and a consensus target price of $21.75.

Park Dental Partners Price Performance

PARK opened at $14.39 on Wednesday. Park Dental Partners has a 12-month low of $9.53 and a 12-month high of $17.84.

About Park Dental Partners

Park Dental Partners (NASDAQ: PARK) is a dental support organization that provides business and administrative services to affiliated dental practices. The company focuses on enabling dental clinicians to concentrate on patient care by delivering centralized non-clinical functions that support day-to-day operations and practice growth.

Services typically offered by Park Dental Partners include practice management, billing and revenue cycle management, procurement and supply-chain support, information technology, human resources, marketing and patient acquisition, and regulatory and compliance assistance.