In yesterday’s Wall Street session, P10 Inc (NYSE:PX) shares traded at $8.09, up 2.41% from the previous session.
PX stock price is now 2.58% away from the 50-day moving average and -11.77% away from the 200-day moving average. The market capitalization of the company currently stands at $915.06M.
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With the price target reduced from $12 to $9, Morgan Stanley Downgraded its rating from Overweight to Equal-Weight for P10 Inc (NYSE: PX). On March 01, 2024, Keefe Bruyette Downgraded its previous ‘Outperform’ rating to ‘Mkt Perform’ on the stock reducing its target price from $12 to quote $10, while ‘JP Morgan’ rates the stock as ‘Neutral’
In other news, Charles K. Huebner Trust, bought 12,500 shares of the company’s stock on Jun 13 ’24. The stock was bought for $99,375 at an average price of $7.95. Upon completion of the transaction, the now directly owns 51,799 shares in the company, valued at $0.42 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Mar 27 ’24, EVP, Head of Strategy and M&A Jensen Richard J. bought 55,000 shares of the business’s stock. A total of $459,250 was incurred on buying the stock at an average price of $8.35. This leaves the insider owning 55,000 shares of the company worth $0.44 million. A total of 63.34% of the company’s stock is owned by insiders.
During the past 12 months, P10 Inc has had a low of $7.08 and a high of $13.41. The fifty day moving average price for PX is $7.8812 and a two-hundred day moving average price translates $9.1489 for the stock.
The latest earnings results from P10 Inc (NYSE: PX) was released for 2024-03-31. According to the Asset Management Company, earnings per share came in at 0.22, beating analysts’ expectations of 0.18 by 0.04. This compares to $0.01 EPS in the same period last year. The net profit margin was -1.08% and return on equity was -0.72% for PX. The company reported revenue of $66.11 million for the quarter, compared to $57.25 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 15.48 percent. For the current quarter, analysts expect PX to generate $65.18M in revenue.
