Accelevation Holdings Corp.’s Quiet Period Will End Tomorrow (NASDAQ:ACCV)

Accelevation’s (NASDAQ:ACCV) quiet period is set to expire on Monday, November 9th. Accelevation had issued 30,000,000 shares in its IPO 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 any underwriters that worked on the IPO are prevented from issuing any earnings forecasts or research reports for the company because of SEC regulations. 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 Analyst Weigh In

ACCV has been the subject of several recent research reports. Wolfe Research began coverage on Accelevation in a research report on Monday, October 26th. They issued an “outperform” rating for the company. Barclays began coverage on Accelevation in a research note on Monday, October 26th. They set an “overweight” rating and a $20.00 price objective on the stock. Robert W. Baird began coverage on Accelevation in a research report on Monday, October 26th. They set an “outperform” rating and a $16.00 price objective on the stock. Wall Street Zen raised Accelevation to a “hold” rating in a research note on Saturday, October 10th. Finally, JPMorgan Chase & Co. assumed coverage on Accelevation in a report on Monday, October 26th. They issued an “overweight” rating and a $20.00 target price for the company. Seven research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $19.43.

Accelevation Trading Up 11.3%

Shares of ACCV opened at $11.06 on Friday. Accelevation has a twelve month low of $9.54 and a twelve month high of $18.10.

Insider Activity at Accelevation

In other news, CEO Michael Rubiera acquired 200,000 shares of the firm’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 $3,600,000.00. Following the completion of the purchase, the chief executive officer directly owned 1,424,285 shares in the company, valued at approximately $25,637,130. This trade represents a 16.34% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, COO Brent C. Jewell acquired 2,500 shares of the firm’s stock in a transaction on Thursday, October 1st. The stock was purchased at an average cost of $18.00 per share, with a total value of $45,000.00. Following the purchase, the chief operating officer owned 304,068 shares of the company’s stock, valued at $5,473,224. The trade was a 0.83% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Insiders purchased a total of 227,700 shares of company stock worth $4,098,600 in the last three months.

Accelevation Company Profile

Accelevation Holdings Corp. designs, manufactures and installs customized structural, electrical and mechanical systems for mission-critical infrastructure.