Ticketplus Ltd.’s (NYSEAMERICAN:TP) Quiet Period To End Tomorrow

Ticketplus’ (NYSEAMERICAN:TP) quiet period is set to expire on Wednesday, September 16th. Ticketplus had issued 1,875,000 shares in its public offering on August 7th. The total size of the offering was $15,000,000 based on an initial share price of $8.00. During the company’s quiet period, insiders and underwriters that worked on the IPO are restricted from issuing any earnings forecasts or research reports for the company because of regulations issued by the Securities and Exchange Commission. Following the expiration 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.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on the company. Greenridge Global raised Ticketplus to a “strong-buy” rating in a report on Monday, August 31st. Roth Capital began coverage on shares of Ticketplus in a research note on Monday, August 31st. They issued a “buy” rating and a $14.00 price objective on the stock. Finally, Zacks Research raised shares of Ticketplus to a “hold” rating in a research note on Tuesday, September 1st. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Ticketplus has an average rating of “Buy” and an average price target of $14.00.

Ticketplus Stock Down 4.9%

Shares of NYSEAMERICAN:TP opened at $8.13 on Tuesday. Ticketplus has a 52 week low of $6.10 and a 52 week high of $12.14.

Ticketplus Company Profile

Ticketplus Ltd. is a technology company operates a proprietary, full-stack technology platform powering live entertainment. Ticketplus Ltd. is based in SANTIAGO, Chile.