Axcella Health Inc’s (NASDAQ:AXLA) Quiet Period To End on June 18th
Axcella Health’s (NASDAQ:AXLA) quiet period is set to expire on Tuesday, June 18th. Axcella Health had issued 3,571,428 shares in its initial public offering on May 9th. The total size of the offering was $71,428,560 based on an initial share price of $20.00. During the company’s quiet period, insiders and underwriters that worked on the IPO are prevented from issuing any 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.
AXLA has been the subject of several analyst reports. Goldman Sachs Group initiated coverage on Axcella Health in a report on Sunday, June 2nd. They issued a “buy” rating and a $25.00 price objective for the company. Leerink Swann initiated coverage on Axcella Health in a report on Monday, June 3rd. They issued an “outperform” rating for the company. JPMorgan Chase & Co. initiated coverage on Axcella Health in a report on Monday, June 3rd. They issued an “overweight” rating and a $20.00 price objective for the company. Finally, Svb Leerink initiated coverage on Axcella Health in a report on Monday, June 3rd. They issued an “outperform” rating and a $21.00 price objective for the company.
Shares of Axcella Health stock opened at $12.62 on Thursday. Axcella Health has a twelve month low of $12.00 and a twelve month high of $15.99.
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About Axcella Health
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