PowerSchool (NYSE:PWSC) Earns Outperform Rating from Analysts at Credit Suisse Group

Credit Suisse Group started coverage on shares of PowerSchool (NYSE:PWSCGet Rating) in a research note issued to investors on Monday, Marketbeat.com reports. The firm issued an outperform rating and a $23.00 price objective on the stock.

Other equities analysts also recently issued reports about the stock. Royal Bank of Canada boosted their target price on shares of PowerSchool from $20.00 to $22.00 and gave the stock an outperform rating in a report on Tuesday, November 8th. The Goldman Sachs Group boosted their target price on shares of PowerSchool to $18.00 in a report on Tuesday, November 15th. Piper Sandler upped their price objective on shares of PowerSchool from $19.00 to $22.00 and gave the company an overweight rating in a report on Tuesday, November 8th. Finally, Barclays upped their price objective on shares of PowerSchool from $19.00 to $20.00 and gave the company an overweight rating in a report on Tuesday, November 8th. One investment analyst has rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat, PowerSchool presently has a consensus rating of Moderate Buy and a consensus target price of $22.75.

PowerSchool Price Performance

Shares of PWSC opened at $19.72 on Monday. PowerSchool has a 1-year low of $10.60 and a 1-year high of $21.99. The company’s fifty day simple moving average is $18.21 and its 200 day simple moving average is $15.82. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.54 and a current ratio of 0.54.

Institutional Investors Weigh In On PowerSchool

A number of institutional investors have recently modified their holdings of the business. Vanguard Group Inc. boosted its position in shares of PowerSchool by 0.6% in the first quarter. Vanguard Group Inc. now owns 3,629,874 shares of the company’s stock valued at $59,929,000 after acquiring an additional 20,583 shares during the period. TimesSquare Capital Management LLC boosted its position in shares of PowerSchool by 39.5% in the second quarter. TimesSquare Capital Management LLC now owns 2,507,904 shares of the company’s stock valued at $30,220,000 after acquiring an additional 710,396 shares during the period. Lord Abbett & CO. LLC lifted its position in PowerSchool by 115.4% during the third quarter. Lord Abbett & CO. LLC now owns 1,638,133 shares of the company’s stock worth $27,341,000 after purchasing an additional 877,727 shares during the period. Wellington Management Group LLP lifted its position in PowerSchool by 21.0% during the first quarter. Wellington Management Group LLP now owns 1,566,827 shares of the company’s stock worth $25,868,000 after purchasing an additional 271,642 shares during the period. Finally, Nuveen Asset Management LLC lifted its position in PowerSchool by 174.0% during the third quarter. Nuveen Asset Management LLC now owns 1,335,947 shares of the company’s stock worth $22,297,000 after purchasing an additional 848,383 shares during the period. Institutional investors own 62.01% of the company’s stock.

About PowerSchool

(Get Rating)

PowerSchool Holdings, Inc provides cloud-based software to the K-12 education market. Its solution is embedded in school workflows and is used on daily basis by educators, students, administrators, and parents in schools and districts representing approximately 45 million students worldwide. Its cloud-based technology platform helps schools and districts manage state reporting and related compliance, special education, finance, human resource, talent, registration, attendance, funding, learning, instruction, grading, college and career readiness, assessments, and analytics.

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