Ticketplus Ltd.’s (NYSEAMERICAN:TP) Quiet Period To Expire on September 16th

Ticketplus’ (NYSEAMERICAN:TP) quiet period will end on Wednesday, September 16th. Ticketplus had issued 1,875,000 shares in its initial 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 Ticketplus’ quiet period, underwriters and any insiders that worked on the IPO are prevented from issuing any earnings forecasts or research reports 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.

Analysts Set New Price Targets

Several analysts have issued reports on the company. Greenridge Global upgraded Ticketplus to a “strong-buy” rating in a research note on Monday, August 31st. Roth Capital assumed coverage on Ticketplus in a research note on Monday, August 31st. They set a “buy” rating and a $14.00 price target for the company. Finally, Zacks Research raised Ticketplus to a “hold” rating in a report on Tuesday, September 1st. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Buy” and an average target price of $14.00.

Ticketplus Stock Performance

NYSEAMERICAN TP opened at $8.55 on Friday. Ticketplus has a 12-month low of $6.10 and a 12-month 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.