Shares of PowerSchool Holdings, Inc. (NYSE:PWSC – Get Rating) have earned an average rating of “Buy” from the thirteen ratings firms that are covering the firm, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation and seven have issued a buy recommendation on the company. The average 12 month price target among brokers that have covered the stock in the last year is $26.91.
A number of equities analysts have recently issued reports on PWSC shares. Jefferies Financial Group cut their price objective on shares of PowerSchool from $38.00 to $32.00 in a research report on Thursday, January 6th. Macquarie increased their price objective on shares of PowerSchool from $24.00 to $25.00 and gave the stock an “outperform” rating in a research report on Friday, March 4th. Cantor Fitzgerald started coverage on shares of PowerSchool in a research report on Tuesday, March 29th. They set an “overweight” rating and a $20.00 price objective on the stock. Barclays cut their price objective on shares of PowerSchool from $33.00 to $20.00 in a research report on Wednesday, January 19th. Finally, Piper Sandler cut their price objective on shares of PowerSchool from $24.00 to $19.00 and set an “overweight” rating on the stock in a research report on Friday, March 4th.
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Geode Capital Management LLC bought a new position in shares of PowerSchool during the 3rd quarter worth approximately $16,045,000. Ghisallo Capital Management LLC bought a new position in shares of PowerSchool during the 3rd quarter worth approximately $4,922,000. California State Teachers Retirement System bought a new position in shares of PowerSchool during the 3rd quarter worth approximately $573,000. Deutsche Bank AG bought a new position in shares of PowerSchool during the 3rd quarter worth approximately $610,000. Finally, The Manufacturers Life Insurance Company bought a new position in shares of PowerSchool during the 3rd quarter worth approximately $553,000. 99.97% of the stock is currently owned by institutional investors and hedge funds.
PowerSchool (NYSE:PWSC – Get Rating) last issued its quarterly earnings results on Thursday, March 3rd. The company reported $0.09 earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.06) by $0.15. The business had revenue of $146.10 million for the quarter, compared to analyst estimates of $140.82 million. On average, sell-side analysts forecast that PowerSchool will post 0.27 earnings per share for the current year.
About PowerSchool (Get Rating)
PowerSchool Holdings, Inc provides cloud-based software to the K-12 education market. Its solution is embedded in school workflows and is used on daily basis by educators, students, administrators, and parents in schools and districts representing approximately 45 million students worldwide. Its cloud-based technology platform helps schools and districts manage state reporting and related compliance, special education, finance, human resource, talent, registration, attendance, funding, learning, instruction, grading, college and career readiness, assessments, and analytics.
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