PowerSchool Holdings, Inc. (NYSE:PWSC) Given Consensus Rating of “Hold” by Brokerages

Shares of PowerSchool Holdings, Inc. (NYSE:PWSC) have earned a consensus rating of “Hold” from the thirteen ratings firms that are currently covering the stock, Marketbeat Ratings reports. Ten investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 12-month price target among brokerages that have issued ratings on the stock in the last year is $24.02.

PWSC has been the subject of several recent analyst reports. Needham & Company LLC restated a “hold” rating on shares of PowerSchool in a research note on Friday, June 7th. William Blair restated a “market perform” rating on shares of PowerSchool in a research note on Friday, June 7th. Raymond James downgraded shares of PowerSchool from an “outperform” rating to a “market perform” rating in a research note on Tuesday, June 11th. Piper Sandler restated a “neutral” rating and issued a $22.80 target price (down from $24.00) on shares of PowerSchool in a research note on Friday, June 7th. Finally, Jefferies Financial Group restated a “hold” rating and issued a $22.80 target price (down from $30.00) on shares of PowerSchool in a research note on Monday, June 10th.

PowerSchool Price Performance

NYSE PWSC opened at $22.67 on Monday. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.28 and a current ratio of 0.28. The firm’s 50 day moving average price is $22.50 and its 200-day moving average price is $21.32. PowerSchool has a 52-week low of $16.15 and a 52-week high of $25.16. The company has a market cap of $4.62 billion, a PE ratio of -94.46 and a beta of 1.06.

PowerSchool (NYSE:PWSC) last released its quarterly earnings data on Friday, August 9th. The company reported $0.23 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.24 by ($0.01). PowerSchool had a negative net margin of 7.51% and a positive return on equity of 6.10%. The business had revenue of $191.59 million for the quarter, compared to the consensus estimate of $195.32 million. During the same quarter in the prior year, the business posted $0.23 earnings per share. PowerSchool’s revenue for the quarter was up 10.2% on a year-over-year basis. Sell-side analysts forecast 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 firm’s stock in a transaction on Thursday, July 11th. The shares were sold at an average price of $22.51, for a total value of $657,292.00. Following the sale, the chief financial officer now directly owns 425,524 shares in the company, valued at approximately $9,578,545.24. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other news, CMO Fred Studer sold 1,299 shares of PowerSchool stock in a transaction dated Thursday, June 27th. The shares were sold at an average price of $22.35, for a total value of $29,032.65. Following the sale, the chief marketing officer now owns 186,142 shares of the company’s stock, valued at $4,160,273.70. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CFO Eric Ryan Shander sold 29,200 shares of the firm’s stock in a transaction dated Thursday, July 11th. The shares were 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 of the company’s stock, valued at approximately $9,578,545.24. The disclosure for this sale can be found here. Insiders have sold a total of 294,908 shares of company stock worth $6,463,455 in the last ninety days. 0.60% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On PowerSchool

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Crossmark Global Holdings Inc. grew its holdings in shares of PowerSchool by 2.9% during the second quarter. Crossmark Global Holdings Inc. now owns 18,948 shares of the company’s stock worth $424,000 after buying an additional 530 shares in the last quarter. Janney Capital Management LLC lifted its position in shares of PowerSchool by 3.1% during the fourth quarter. Janney Capital Management LLC now owns 20,700 shares of the company’s stock worth $488,000 after purchasing an additional 618 shares in the last quarter. Park Avenue Securities LLC lifted its position in shares of PowerSchool by 6.3% during the first quarter. Park Avenue Securities LLC now owns 11,868 shares of the company’s stock worth $253,000 after purchasing an additional 703 shares in the last quarter. Park Place Capital Corp raised its holdings in PowerSchool by 106.8% in the first quarter. Park Place Capital Corp now owns 1,497 shares of the company’s stock valued at $32,000 after acquiring an additional 773 shares in the last quarter. Finally, Comerica Bank raised its holdings in PowerSchool by 111.8% in the first quarter. Comerica Bank now owns 1,493 shares of the company’s stock valued at $32,000 after acquiring an additional 788 shares in the last quarter. Institutional investors and hedge funds 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.