In yesterday’s Wall Street session, P10 Inc. (NYSE:PX) shares traded at $11.26, up 0.90% from the previous session.
As of this writing, 7 analysts cover P10 Inc. (NYSE:PX). The consensus rating among analysts is ‘Buy’. As we calculate the median target price by taking the range between a high of $17.00 and a low of $14.00, we find $15.00. Given the previous closing price of $11.16, this indicates a potential upside of 34.41 percent. PX stock price is now 6.57% away from the 50-day moving average and 0.22% away from the 200-day moving average. The market capitalization of the company currently stands at $1.32B.
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There are 0 analysts who have given it a hold rating, whereas 6 have given it a buy rating. Brokers who have rated the stock have averaged $15.14 as their price target over the next twelve months.
With the price target of $15, Barclays recently initiated with Overweight rating for P10 Inc. (NYSE: PX). On November 16, 2021, Stephens recently initiated its ‘Overweight’ rating on the stock quoting a target price of $17, while ‘UBS’ rates the stock as ‘Buy’.
A total of 0.90% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in PX stock. A new stake in P10 Inc. shares was purchased by T. ROWE PRICE INVESTMENT MANAGEMENT, INC. during the first quarter worth $42,469,000. INVESCO LTD. invested $4,385,000 in shares of PX during the first quarter. In the first quarter, MILLENNIUM MANAGEMENT LLC acquired a new stake in P10 Inc. valued at approximately $2,105,000. CITADEL ADVISORS LLC acquired a new stake in PX for approximately $1,488,000. RENAISSANCE TECHNOLOGIES LLC purchased a new stake in PX valued at around $712,000 in the second quarter. In total, there are 58 active investors with 71.70% ownership of the company’s stock.
Wednesday morning saw P10 Inc. (NYSE: PX) opened at $11.21. During the past 12 months, P10 Inc. has had a low of $9.49 and a high of $13.78. As of last week, the company has a debt-to-equity ratio of 0.42, a current ratio of 1.10, and a quick ratio of 1.10. The fifty day moving average price for PX is $10.57 and a two-hundred day moving average price translates $11.23 for the stock.
The latest earnings results from P10 Inc. (NYSE: PX) was released for Jun, 2022. According to the Asset Management Company, earnings per share came in at $0.19, beating analysts’ expectations of $0.18 by 0.01. This compares to $0.06 EPS in the same period last year. The net profit margin was 14.00% and return on equity was 6.50% for PX. The company reported revenue of $50.0 million for the quarter, compared to $38.15 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 31.07 percent. For the current quarter, analysts expect PX to generate $47.66M in revenue.
Moreover, the firm recently paid out its quarterly dividend on 12/20/2022. Investors who held shares on 11/30/2022 were paid a $0.03 dividend. On an annualized basis, this represents a $0.12 dividend and a 1.07% percent yield. There was an ex-dividend date of 11/29/2022 for this dividend. In terms of dividend payout ratio, PX is presently at 26.20%.
P10 Inc.(PX) Company Profile
P10, Inc., together with its subsidiaries, operates as a multi-asset class private market solutions provider in the alternative asset management industry in the United States. The company offers private equity, venture capital, private credit, impact investing, and private credit services, as well as primary fund of funds, secondary investment, and direct and co-investments services. It also provides tax credit transaction and consulting services. The company was founded in 1992 and is headquartered in Dallas, Texas.
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