Linx S.A.’s (NASDAQ:LINX) Quiet Period To Expire on August 5th

Linx’s (NASDAQ:LINX) quiet period will end on Monday, August 5th. Linx had issued 32,774,601 shares in its public offering on June 26th. The total size of the offering was $308,081,249 based on an initial share price of $9.40. During the company’s quiet period, underwriters and any insiders that worked on the IPO are restricted from issuing any research reports or earnings estimates for the company because of SEC regulations. Following the expiration of the company’s quiet period, the brokerages that served as underwriters will likely initiate research coverage on the company.

Separately, Jefferies Financial Group assumed coverage on Linx in a report on Monday, July 22nd. They issued a “buy” rating and a $11.00 target price on the stock.

Linx stock opened at $8.17 on Monday. Linx has a fifty-two week low of $8.07 and a fifty-two week high of $9.60.

An institutional investor recently bought a new position in Linx stock. Pelham Global Financials Ltd. bought a new stake in Linx S.A. (NASDAQ:LINX) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 1,410,500 shares of the company’s stock, valued at approximately $12,864,000. Linx comprises approximately 7.3% of Pelham Global Financials Ltd.’s investment portfolio, making the stock its 7th largest holding. Pelham Global Financials Ltd. owned about 0.74% of Linx at the end of the most recent reporting period.

Linx Company Profile

Linx SA, through its subsidiaries, provides management software solutions for the retail market in Brazil and internationally. It offers enterprise resource planning, and point of sale or point of service (POS) management software; and connectivity, electronic fund transfer, e-commerce, and customer relationship management solutions.

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