Brokerages Set PowerSchool Holdings, Inc. (NYSE:PWSC) PT at $27.67

PowerSchool Holdings, Inc. (NYSE:PWSC) has earned an average recommendation of “Moderate Buy” from the ten research firms that are covering the firm, Marketbeat Ratings reports. One analyst has rated the stock with a hold recommendation and nine have given a buy recommendation to the company. The average 12 month target price among analysts that have issued ratings on the stock in the last year is $27.67.

PWSC has been the topic of several research analyst reports. The Goldman Sachs Group upped their price objective on shares of PowerSchool from $27.00 to $30.00 and gave the stock a “buy” rating in a research note on Tuesday, February 27th. TheStreet cut shares of PowerSchool from a “b-” rating to a “c” rating in a research note on Monday, January 29th. Finally, Piper Sandler reaffirmed an “overweight” rating and set a $29.00 price objective on shares of PowerSchool in a research note on Wednesday, March 6th.

PowerSchool Stock Performance

NYSE:PWSC opened at $17.43 on Tuesday. PowerSchool has a 12-month low of $16.41 and a 12-month high of $25.16. The company has a quick ratio of 0.30, a current ratio of 0.30 and a debt-to-equity ratio of 0.46. The firm has a market capitalization of $3.53 billion, a PE ratio of -91.74, a price-to-earnings-growth ratio of 0.57 and a beta of 0.89. The firm has a 50-day moving average price of $21.43 and a 200 day moving average price of $22.19.

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

Insider Activity

In related news, CEO Hardeep Gulati sold 15,307 shares of the stock in a transaction that occurred on Monday, March 18th. The shares were sold at an average price of $20.75, for a total value of $317,620.25. Following the transaction, the chief executive officer now directly owns 2,141,451 shares in the company, valued at $44,435,108.25. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other PowerSchool news, CEO Hardeep Gulati sold 15,307 shares of the stock in a transaction on Monday, March 18th. The shares were sold at an average price of $20.75, for a total value of $317,620.25. Following the sale, the chief executive officer now directly owns 2,141,451 shares in the company, valued at $44,435,108.25. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO Eric Ryan Shander sold 3,047 shares of the stock in a transaction on Tuesday, March 5th. The stock was sold at an average price of $20.30, for a total transaction of $61,854.10. Following the completion of 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. Insiders have sold 176,535 shares of company stock valued at $3,687,100 over the last three months. 0.60% of the stock is owned by insiders.

Institutional Investors Weigh In On PowerSchool

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Tower Research Capital LLC TRC grew its position in PowerSchool by 262.4% in the first quarter. Tower Research Capital LLC TRC now owns 1,348 shares of the company’s stock valued at $27,000 after purchasing an additional 976 shares in the last quarter. Orion Capital Management LLC acquired a new stake in PowerSchool in the 3rd quarter worth about $32,000. Park Place Capital Corp raised its position in shares of PowerSchool by 106.8% in the 1st quarter. Park Place Capital Corp now owns 1,497 shares of the company’s stock valued at $32,000 after buying an additional 773 shares in the last quarter. Fifth Third Bancorp acquired a new position in shares of PowerSchool in the 3rd quarter valued at approximately $35,000. Finally, Royal Bank of Canada raised its position in shares of PowerSchool by 63.5% in the 3rd quarter. Royal Bank of Canada now owns 2,135 shares of the company’s stock valued at $35,000 after buying an additional 829 shares in the last quarter. 65.29% of the stock is currently owned by institutional investors and hedge funds.

About PowerSchool

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.