PowerSchool (NYSE:PWSC) Stock Rating Reaffirmed by Raymond James

Raymond James reiterated their outperform rating on shares of PowerSchool (NYSE:PWSC) in a research note issued to investors on Monday, Benzinga reports.

A number of other equities analysts have also issued reports on PWSC. TheStreet lowered PowerSchool from a b- rating to a c rating in a research report on Monday, January 29th. The Goldman Sachs Group upped their target price on PowerSchool from $27.00 to $30.00 and gave the company a buy rating in a research report on Tuesday, February 27th. Barclays dropped their price target on PowerSchool from $28.00 to $23.00 and set an overweight rating on the stock in a research report on Wednesday, May 8th. UBS Group dropped their target price on PowerSchool from $25.00 to $20.00 and set a neutral rating on the stock in a research report on Wednesday, May 8th. Finally, Piper Sandler dropped their target price on PowerSchool from $29.00 to $24.00 and set an overweight rating on the stock in a research report on Friday, May 10th. One investment analyst has rated the stock with a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of Moderate Buy and a consensus target price of $25.44.

PowerSchool Trading Up 1.7 %

Shares of PWSC stock opened at $21.05 on Monday. The firm has a 50-day moving average price of $19.43 and a 200 day moving average price of $21.71. PowerSchool has a twelve month low of $16.15 and a twelve month high of $25.16. The company has a market capitalization of $4.29 billion, a price-to-earnings ratio of -87.69 and a beta of 0.98. The company has a current ratio of 0.24, a quick ratio of 0.24 and a debt-to-equity ratio of 0.46.

PowerSchool (NYSE:PWSC) last posted its quarterly earnings results on Monday, February 26th. The company reported $0.10 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 analysts’ expectations of $183.35 million. PowerSchool had a negative net margin of 5.37% and a positive return on equity of 6.13%. Research analysts forecast that PowerSchool will post 0.5 earnings per share for the current fiscal year.

Insider Activity

In other PowerSchool news, CEO Hardeep Gulati sold 20,434 shares of the business’s stock in a transaction dated Friday, May 17th. The stock was sold at an average price of $19.37, for a total value of $395,806.58. Following the completion of the transaction, the chief executive officer now directly owns 1,855,667 shares of the company’s stock, valued at $35,944,269.79. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other PowerSchool news, CFO Eric Ryan Shander sold 3,047 shares of the company’s stock in a transaction that occurred on Tuesday, March 5th. The stock was sold at an average price of $20.30, for a total value 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Hardeep Gulati sold 20,434 shares of the company’s stock in a transaction that occurred on Friday, May 17th. The shares were sold at an average price of $19.37, for a total value of $395,806.58. Following the completion of the transaction, the chief executive officer now directly owns 1,855,667 shares in the company, valued at approximately $35,944,269.79. The disclosure for this sale can be found here. In the last ninety days, insiders sold 206,940 shares of company stock valued at $4,286,772. Company insiders own 0.60% of the company’s stock.

Hedge Funds Weigh In On PowerSchool

Hedge funds have recently added to or reduced their stakes in the stock. Vanguard Group Inc. lifted its holdings in PowerSchool by 0.3% during the 1st quarter. Vanguard Group Inc. now owns 9,540,806 shares of the company’s stock worth $203,124,000 after buying an additional 29,390 shares during the period. Wellington Management Group LLP raised its position in shares of PowerSchool by 8.9% in the 3rd quarter. Wellington Management Group LLP now owns 7,101,238 shares of the company’s stock worth $160,914,000 after acquiring an additional 580,969 shares in the last quarter. Blair William & Co. IL increased its position in PowerSchool by 17.8% in the 1st quarter. Blair William & Co. IL now owns 3,946,379 shares of the company’s stock valued at $84,018,000 after buying an additional 597,521 shares in the last quarter. Wasatch Advisors LP increased its position in PowerSchool by 12.7% in the 1st quarter. Wasatch Advisors LP now owns 3,932,460 shares of the company’s stock valued at $83,722,000 after buying an additional 442,340 shares in the last quarter. Finally, Riverbridge Partners LLC increased its position in PowerSchool by 59.5% in the 1st quarter. Riverbridge Partners LLC now owns 2,508,871 shares of the company’s stock valued at $53,414,000 after buying an additional 935,648 shares in the last quarter. 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.