PowerSchool Holdings Inc (NYSE:PWSC) was the target of a significant growth in short interest in September. As of September 30th, there was short interest totalling 3,160,000 shares, a growth of 163.3% from the September 15th total of 1,200,000 shares. Based on an average daily trading volume, of 1,020,000 shares, the days-to-cover ratio is currently 3.1 days. Approximately 8.0% of the company’s stock are short sold.
NYSE PWSC traded up $0.85 during trading on Thursday, hitting $23.71. 5,317 shares of the company’s stock were exchanged, compared to its average volume of 887,939. PowerSchool has a fifty-two week low of $17.57 and a fifty-two week high of $36.56. The firm’s 50 day moving average price is $28.27.
Several equities analysts recently weighed in on the stock. Robert W. Baird raised their target price on shares of PowerSchool from $30.00 to $35.00 and gave the company an “outperform” rating in a research note on Friday, September 10th. They noted that the move was a valuation call. Raymond James started coverage on shares of PowerSchool in a research report on Monday, August 23rd. They set a “market perform” rating for the company. Jefferies Financial Group lifted their price objective on shares of PowerSchool from $32.00 to $38.00 and gave the stock a “buy” rating in a research report on Friday, September 10th. Barclays reduced their price objective on shares of PowerSchool from $38.00 to $33.00 and set an “overweight” rating for the company in a research report on Wednesday. Finally, William Blair began coverage on PowerSchool in a report on Monday, August 23rd. They set an “outperform” rating for the company. Three analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Buy” and an average target price of $36.14.
PowerSchool Holdings Inc is a provider of cloud-based software for K-12 education principally in North America. PowerSchool Holdings Inc is based in FOLSOM, Calif.
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