PowerSchool (NYSE:PWSC) Receives “Overweight” Rating from Piper Sandler

PowerSchool (NYSE:PWSC)‘s stock had its “overweight” rating reaffirmed by stock analysts at Piper Sandler in a note issued to investors on Tuesday, Benzinga reports. They presently have a $29.00 price objective on the stock. Piper Sandler’s price objective points to a potential upside of 64.96% from the company’s current price.

Other analysts have also recently issued reports about the stock. TheStreet cut shares of PowerSchool from a “b-” rating to a “c” rating in a report on Monday, January 29th. The Goldman Sachs Group raised their target price on shares of PowerSchool from $27.00 to $30.00 and gave the stock a “buy” rating in a report on Tuesday, February 27th. One investment analyst has rated the stock with a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $27.67.

PowerSchool Trading Down 0.6 %

PowerSchool stock opened at $17.58 on Tuesday. The firm has a 50 day simple moving average of $20.89 and a 200-day simple moving average of $22.07. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.30 and a quick ratio of 0.30. The stock has a market capitalization of $3.56 billion, a PE ratio of -92.53, 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.

PowerSchool (NYSE:PWSC) last issued its 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). The business had revenue of $182.14 million for the quarter, compared to the consensus estimate of $183.35 million. PowerSchool had a positive return on equity of 6.08% and a negative net margin of 4.46%. As a group, equities research analysts expect that PowerSchool will post 0.61 EPS for the current fiscal year.

Insider Activity at PowerSchool

In other PowerSchool news, CRO Anthony Kender sold 6,809 shares of the stock in a transaction that occurred on Tuesday, March 5th. The shares were sold at an average price of $20.30, for a total value of $138,222.70. Following the completion of the sale, the executive now owns 202,356 shares in the company, valued at approximately $4,107,826.80. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In other PowerSchool news, CFO Eric Ryan Shander sold 3,047 shares of the stock in a transaction that occurred on Tuesday, March 5th. The shares were sold at an average price of $20.30, for a total value of $61,854.10. Following the completion of the sale, the chief financial officer now owns 492,191 shares in the company, valued at approximately $9,991,477.30. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CRO Anthony Kender sold 6,809 shares of the stock in a transaction that occurred on Tuesday, March 5th. The stock was sold at an average price of $20.30, for a total transaction of $138,222.70. Following the completion of the sale, the executive now owns 202,356 shares of the company’s stock, valued at approximately $4,107,826.80. The disclosure for this sale can be found here. In the last 90 days, insiders sold 176,535 shares of company stock worth $3,687,100. 0.60% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On PowerSchool

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in PWSC. Orion Capital Management LLC bought a new position in shares of PowerSchool during the 3rd quarter valued at $32,000. Park Place Capital Corp raised its holdings in shares of PowerSchool by 106.8% during the 1st quarter. Park Place Capital Corp now owns 1,497 shares of the company’s stock valued at $32,000 after purchasing an additional 773 shares in the last quarter. Fifth Third Bancorp bought a new position in shares of PowerSchool during the 3rd quarter valued at $35,000. International Assets Investment Management LLC raised its holdings in shares of PowerSchool by 3,244.4% during the 4th quarter. International Assets Investment Management LLC now owns 2,709 shares of the company’s stock valued at $64,000 after purchasing an additional 2,628 shares in the last quarter. Finally, Sentry Investment Management LLC bought a new position in shares of PowerSchool during the 4th quarter valued at $120,000. Hedge funds and other institutional investors own 65.29% of the company’s stock.

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.