Public Policy Holding Company, Inc.’s (NASDAQ:PPHC) Lock-Up Period Set To Expire on July 27th

Public Policy’s (NASDAQ:PPHC) lock-up period is set to 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 the company’s lock-up period, company insiders and major shareholders will be able to sell their shares of the company.

Analysts Set New Price Targets

Several equities analysts have issued reports on PPHC shares. Weiss Ratings raised Public Policy from a “sell (e-)” rating to a “sell (e)” rating in a report on Wednesday, July 1st. Canaccord Genuity Group reissued a “buy” rating and issued a $18.00 target price on shares of Public Policy in a report on Wednesday, July 8th. Two analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $17.00.

Public Policy Stock Up 2.3%

NASDAQ PPHC opened at $8.83 on Friday. The stock has a market capitalization of $263.97 million and a PE ratio of 126.14. Public Policy has a 52-week low of $7.01 and a 52-week high of $15.15. The business’s 50-day moving average price is $9.45.

About Public Policy

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.