Arco Platform Ltd’s Quiet Period To Expire on November 5th (NASDAQ:ARCE)

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Arco Platform’s (NASDAQ:ARCE) quiet period is set to end on Monday, November 5th. Arco Platform had issued 11,111,111 shares in its public offering on September 26th. The total size of the offering was $194,444,443 based on an initial share price of $17.50. During the company’s quiet period, insiders and any underwriters involved in 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 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.

Several equities analysts have weighed in on the stock. Itau BBA Securities assumed coverage on shares of Arco Platform in a report on Monday, October 22nd. They set an “outperform” rating and a $27.00 target price for the company. Morgan Stanley assumed coverage on shares of Arco Platform in a report on Monday, October 22nd. They set an “overweight” rating and a $27.00 target price for the company. Finally, Goldman Sachs Group assumed coverage on shares of Arco Platform in a report on Sunday, October 21st. They set a “buy” rating and a $26.00 target price for the company.

NASDAQ:ARCE opened at $21.31 on Wednesday. Arco Platform has a twelve month low of $20.20 and a twelve month high of $25.59.

An institutional investor recently bought a new position in Arco Platform stock. Gilder Gagnon Howe & Co. LLC purchased a new position in shares of Arco Platform Ltd (NASDAQ:ARCE) in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 200,000 shares of the company’s stock, valued at approximately $4,560,000. Gilder Gagnon Howe & Co. LLC owned approximately 0.96% of Arco Platform at the end of the most recent reporting period.

Arco Platform Company Profile

Arco Platform Limited, a technology company in the education sector, provides a pedagogical system with technology-enabled features to deliver educational content to private schools in Brazil. The company's curriculum solutions provide educational content from basic to secondary education K-12 curriculum in printed and digital formats delivered through its platform.

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