PowerSchool Holdings, Inc. (NYSE:PWSC) Receives Average Rating of “Hold” from Analysts

PowerSchool Holdings, Inc. (NYSE:PWSC) has been given a consensus rating of “Hold” by the fourteen ratings firms that are currently covering the firm, MarketBeat Ratings reports. Ten investment analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average twelve-month target price among brokers that have covered the stock in the last year is $24.52.

PWSC has been the topic of several analyst reports. Barclays reduced their price objective on PowerSchool from $28.00 to $23.00 and set an “overweight” rating on the stock in a research note on Wednesday, May 8th. Raymond James cut PowerSchool from an “outperform” rating to a “market perform” rating in a research note on Tuesday, June 11th. Cantor Fitzgerald reaffirmed a “neutral” rating and set a $22.80 target price (down previously from $25.00) on shares of PowerSchool in a research note on Friday, June 7th. Baird R W cut PowerSchool from a “strong-buy” rating to a “hold” rating in a research note on Friday, June 7th. Finally, Piper Sandler reaffirmed a “neutral” rating and set a $22.80 target price (down previously from $24.00) on shares of PowerSchool in a research note on Friday, June 7th.

PowerSchool Price Performance

NYSE:PWSC opened at $22.55 on Thursday. The business’s 50-day moving average is $22.21 and its 200 day moving average is $21.50. 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 has a 12 month low of $16.15 and a 12 month high of $25.16.

PowerSchool (NYSE:PWSC) last issued its quarterly earnings data on Tuesday, May 7th. The company reported $0.10 earnings per share for the quarter, missing the consensus estimate of $0.13 by ($0.03). PowerSchool had a positive return on equity of 6.13% and a negative net margin of 5.37%. The company had revenue of $184.97 million for the quarter, compared to the consensus estimate of $184.45 million. On average, research analysts expect that PowerSchool will post 0.5 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, CFO Eric Ryan Shander sold 29,200 shares of the stock in a transaction on Thursday, July 11th. The stock was sold at an average price of $22.51, for a total transaction of $657,292.00. Following the completion of the sale, the chief financial officer now owns 425,524 shares in the company, valued at approximately $9,578,545.24. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In related news, insider Shivani Stumpf sold 1,295 shares of the firm’s stock in a transaction on Thursday, June 20th. The stock was sold at an average price of $22.33, for a total value of $28,917.35. Following the completion of the transaction, the insider now owns 289,555 shares in the company, valued at approximately $6,465,763.15. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Eric Ryan Shander sold 29,200 shares of the firm’s stock in a transaction on Thursday, July 11th. The stock was sold at an average price of $22.51, for a total value of $657,292.00. Following the completion of the transaction, the chief financial officer now owns 425,524 shares of the company’s stock, valued at approximately $9,578,545.24. The disclosure for this sale can be found here. Insiders sold a total of 331,708 shares of company stock worth $7,195,695 over the last 90 days. Company insiders own 0.60% of the company’s stock.

Hedge Funds Weigh In On PowerSchool

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in PWSC. Vanguard Group Inc. raised its stake in PowerSchool by 38.3% in the 4th quarter. Vanguard Group Inc. now owns 9,511,416 shares of the company’s stock worth $224,089,000 after acquiring an additional 2,634,169 shares during the last quarter. Pentwater Capital Management LP acquired a new stake in PowerSchool during the 2nd quarter worth about $22,547,000. Riverbridge Partners LLC grew its position in PowerSchool by 59.5% during the 1st quarter. Riverbridge Partners LLC now owns 2,508,871 shares of the company’s stock worth $53,414,000 after purchasing an additional 935,648 shares during the period. Blair William & Co. IL grew its position in PowerSchool by 17.8% during the 1st quarter. Blair William & Co. IL now owns 3,946,379 shares of the company’s stock worth $84,018,000 after purchasing an additional 597,521 shares during the period. Finally, Wasatch Advisors LP grew its position in PowerSchool by 12.7% during the 1st quarter. Wasatch Advisors LP now owns 3,932,460 shares of the company’s stock worth $83,722,000 after purchasing an additional 442,340 shares during the period. 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.