In a remarkable display of market confidence, P10 Holdings Inc. shares have surged to a 52-week high, reaching a price level of $14.22. This peak reflects a significant uptrend for the company, which has seen an impressive 1-year return of 43.68%, including a stellar 77.41% gain over the past six months. With a market capitalization of $1.58 billion and revenue growth of 15.82%, P10 Holdings has demonstrated strong momentum, though InvestingPro analysis suggests the stock is trading above its Fair Value. Investors have been closely monitoring P10 Holdings' performance, and this latest milestone is indicative of the strong momentum the company has built over the past year. The 52-week high serves as a testament to the firm's robust financial health and the positive sentiment among shareholders regarding its future prospects. InvestingPro has identified 13 additional investment tips for P10 Holdings, including insights about earnings growth and analyst revisions. Access the complete Pro Research Report, part of InvestingPro's coverage of 1,400+ US stocks, for comprehensive analysis and actionable intelligence.
In other recent news, P10 Inc (NYSE:PX) has reported a significant year-over-year revenue increase of 26%, surpassing estimates by approximately 11%. Earnings before interest, taxes, depreciation, and amortization (EBITDA) also exceeded forecasts by roughly 30%, marking the company's fourth consecutive quarter of surpassing expectations. Financial services firm Stephens has raised the price target for P10 Inc to $13 from $12, maintaining its Overweight rating on the company's stock.
In other developments, P10 Inc has announced the acquisition of Qualitas Funds, a move expected to enhance its European presence and investor base. The deal is set to close in Q1 2025. The company has also added $1.4 billion in gross new fee-paying assets under management (AUM), surpassing the original full-year target of $2.5 billion and reaching $2.9 billion.
Lastly, P10 Inc has declared a quarterly cash dividend of $0.035 per share and bought back 609,300 shares at an average price of $10.15 in Q3. The company aims to double its fee-paying assets under management by 2029, focusing on organic growth and value-creating mergers and acquisitions. These recent developments indicate a continued momentum into 2025 and beyond.
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