Pearson (NYSE:PSO) Sets New 12-Month Low - Should You Sell?

Shares of Pearson, PLC (NYSE:PSO - Get Free Report) reached a new 52-week low during trading on Friday . The stock traded as low as $12.20 and last traded at $14.1990, with a volume of 9148 shares trading hands. The stock had previously closed at $14.17.Wall Street Analyst Weigh InWill ChatGPT Be the Final Nail in the Coffin for Chegg?PSO has been the subject of a number of recent research reports. Weiss Ratings upgraded Pearson from a "hold (c+)" rating to a "buy (b-)" rating in a research report on Monday. Wall Street Zen downgraded Pearson from a "buy" rating to a "hold" rating in a report on Saturday, September 20th. Finally, Morgan Stanley initiated coverage on shares of Pearson in a report on Monday, October 20th. They set an "equal weight" rating on the stock. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $18.00.View Our Latest Analysis on PSOPearson Price PerformanceThe company has a 50 day moving average of $13.71 and a 200 day moving average of $14.17. The company has a quick ratio of 2.24, a current ratio of 2.31 and a debt-to-equity ratio of 0.40. Hedge Funds Weigh In On PearsonSeveral institutional investors have recently bought and sold shares of the stock. CIBC Private Wealth Group LLC raised its stake in shares of Pearson by 952.1% in the 3rd quarter. CIBC Private Wealth Group LLC now owns 1,757 shares of the company's stock valued at $25,000 after acquiring an additional 1,590 shares in the last quarter. First Horizon Advisors Inc. lifted its stake in shares of Pearson by 3,131.8% in the second quarter. First Horizon Advisors Inc. now owns 2,133 shares of the company's stock worth $32,000 after buying an additional 2,067 shares during the last quarter. TD Private Client Wealth LLC lifted its stake in shares of Pearson by 113.8% in the second quarter. TD Private Client Wealth LLC now owns 3,492 shares of the company's stock worth $52,000 after buying an additional 1,859 shares during the last quarter. Global Trust Asset Management LLC bought a new stake in shares of Pearson during the 2nd quarter worth $64,000. Finally, AlphaCore Capital LLC acquired a new position in Pearson in the 2nd quarter valued at $70,000. 2.14% of the stock is currently owned by institutional investors. About Pearson (Get Free Report)Pearson plc is a global education company headquartered in London, England, with significant operations in North America, Europe, Asia, and Latin America. Tracing its roots back to 1844, Pearson evolved from its early beginnings into one of the world's leading providers of educational content, digital learning tools, and assessment services. The company's American subsidiary trades on the New York Stock Exchange under the symbol PSO. Pearson's core business encompasses a broad portfolio of products and services for learners, educators, and institutions.Recommended StoriesFive stocks we like better than PearsonBNZI Posts Record Q3 Revenue – See What’s Driving It.Washington prepares for warDo you know what Amazon is planning for January 1?Nvidia x 1,000,000Put $1,000 into this stock by Jan 1 [Not NVDA]This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.Should You Invest $1,000 in Pearson Right Now?Before you consider Pearson, you'll want to hear this.MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Pearson wasn't on the list.While Pearson currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.View The Five Stocks Here