PowerSchool’s (PWSC) “Overweight” Rating Reaffirmed at Piper Sandler

PowerSchool (NYSE:PWSC)‘s stock had its “overweight” rating reiterated by equities researchers at Piper Sandler in a note issued to investors on Tuesday, Benzinga reports. They presently have a $29.00 target price on the stock. Piper Sandler’s target price suggests a potential upside of 65.81% from the stock’s previous close.

PWSC has been the subject of several other research reports. TheStreet downgraded shares of PowerSchool from a “b-” rating to a “c” rating in a research report on Monday, January 29th. The Goldman Sachs Group boosted their target price on shares of PowerSchool from $27.00 to $30.00 and gave the stock a “buy” rating in a research report on Tuesday, February 27th. One investment analyst has rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $27.67.

PowerSchool Trading Up 0.2 %

Shares of PowerSchool stock opened at $17.49 on Tuesday. The company has a 50-day moving average of $21.14 and a two-hundred day moving average of $22.13. The stock has a market cap of $3.54 billion, a PE ratio of -92.05, a price-to-earnings-growth ratio of 0.51 and a beta of 0.89. PowerSchool has a 12-month low of $16.41 and a 12-month high of $25.16. The company has a current ratio of 0.30, a quick ratio of 0.30 and a debt-to-equity ratio of 0.46.

PowerSchool (NYSE:PWSC) last announced its quarterly earnings results on Monday, February 26th. The company reported $0.10 earnings per share for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.02). PowerSchool had a negative net margin of 4.46% and a positive return on equity of 6.08%. The company had revenue of $182.14 million during the quarter, compared to analyst estimates of $183.35 million. On average, research analysts anticipate that PowerSchool will post 0.61 EPS for the current fiscal year.

Insider Activity

In other PowerSchool news, CEO Hardeep Gulati sold 21,900 shares of the business’s stock in a transaction dated Friday, April 5th. The shares were sold at an average price of $21.06, for a total transaction of $461,214.00. Following the completion of the transaction, the chief executive officer now directly owns 1,911,838 shares of the company’s stock, valued at approximately $40,263,308.28. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other PowerSchool news, CEO Hardeep Gulati sold 21,900 shares of the business’s stock in a transaction dated Friday, April 5th. The shares were sold at an average price of $21.06, for a total transaction of $461,214.00. Following the sale, the chief executive officer now directly owns 1,911,838 shares in the company, valued at approximately $40,263,308.28. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Eric Ryan Shander sold 3,047 shares of the business’s stock in a transaction dated Tuesday, March 5th. The stock was sold at an average price of $20.30, for a total transaction of $61,854.10. Following the sale, the chief financial officer now owns 492,191 shares in the company, valued at $9,991,477.30. The disclosure for this sale can be found here. In the last three months, insiders sold 176,535 shares of company stock valued at $3,687,100. Company insiders own 0.60% of the company’s stock.

Institutional Trading of PowerSchool

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Mackenzie Financial Corp raised its holdings in shares of PowerSchool by 2.8% in the 4th quarter. Mackenzie Financial Corp now owns 1,823,474 shares of the company’s stock worth $42,961,000 after purchasing an additional 50,094 shares in the last quarter. Riverbridge Partners LLC raised its holdings in shares of PowerSchool by 6.7% during the fourth quarter. Riverbridge Partners LLC now owns 1,552,773 shares of the company’s stock valued at $36,583,000 after acquiring an additional 97,643 shares during the period. Charles Schwab Investment Management Inc. raised its holdings in shares of PowerSchool by 30.2% during the third quarter. Charles Schwab Investment Management Inc. now owns 439,430 shares of the company’s stock valued at $9,957,000 after acquiring an additional 101,955 shares during the period. Allspring Global Investments Holdings LLC raised its holdings in shares of PowerSchool by 27.0% during the third quarter. Allspring Global Investments Holdings LLC now owns 419,595 shares of the company’s stock valued at $9,508,000 after acquiring an additional 89,213 shares during the period. Finally, Bank of New York Mellon Corp grew its position in PowerSchool by 13.8% during the third quarter. Bank of New York Mellon Corp now owns 234,131 shares of the company’s stock valued at $5,305,000 after purchasing an additional 28,454 shares in the last quarter. 65.29% of the stock is currently owned by institutional investors.

PowerSchool Company Profile

PowerSchool Holdings, Inc, together with its subsidiaries, offers cloud-based software to the K-12 education market in the United States, Canada, and internationally. Its solution embedded in school workflows and is used on daily basis by educators, students, administrators, and parents in schools and districts.