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TD Cowen gives a Buy recommendation for Paycor HCM Inc (PYCR)

Paycor HCM Inc’s recent filing unveils that its Director Rishel Jeremy unloaded Company’s shares for reported $52196.0 on Oct 16 ’24. In the deal valued at $14.02 per share,3,723 shares were sold. As a result of this transaction, Rishel Jeremy now holds 21,218 shares worth roughly $0.41 million.

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Then, Corr Jonathan sold 1,508 shares, generating $20,313 in total proceeds. Upon selling the shares at $13.47, the Director now owns 15,464 shares.

Before that, Jeremy Rishel bought 3,723 shares. Paycor HCM Inc shares valued at $52,196 were divested by the Director at a price of $14.02 per share.

TD Cowen upgraded its Paycor HCM Inc [PYCR] rating to a Buy from a a Hold in a research note published on December 02, 2024; the price target was increased to $22 from $18. A number of analysts have revised their coverage, including BMO Capital Markets’s analysts, who remained covering the stock and in early November has reiterated a ‘”a Market perform”‘ rating for it. Stephens began covering PYCR with “an Overweight” recommendation on October 16, 2024. Needham maintained its rating on August 15, 2024. It rated PYCR as “a Buy”.

Price Performance Review of PYCR

On Tuesday, Paycor HCM Inc [NASDAQ:PYCR] saw its stock jump 1.15% to $19.36. Over the last five days, the stock has gained 4.76%. Paycor HCM Inc shares have fallen nearly -10.33% since the year began. Nevertheless, the stocks have fallen -8.89% over the past one year. While a 52-week high of $22.65 was reached on 02/27/24, a 52-week low of $10.92 was recorded on 06/20/24. SMA at 50 days reached $15.91, while 200 days put it at $15.23.

Levels Of Support And Resistance For PYCR Stock

The 24-hour chart illustrates a support level at 18.97, which if violated will result in even more drops to 18.59. On the upside, there is a resistance level at 19.70. A further resistance level may holdings at 20.05. The Relative Strength Index (RSI) on the 14-day chart is 78.98, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.95, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 9.58%. Stochastics %K at 86.88% indicates the stock is a selling.

How much short interest is there in Paycor HCM Inc?

A steep rise in short interest was recorded in Paycor HCM Inc stocks on 2024-11-29, dropping by -2.95 million shares to a total of 4.35 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-31 was 7.3 million shares. There was a decline of -67.69%, which implies that there is a negative sentiment for the stock.

The most recent change occurred on May 09, 2024 when BMO Capital Markets resumed its ‘”a Market perform”‘ rating for the stock and retained the price target to $20.

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