PowerSchool (NYSE:PWSC) Shares Gap Up After Analyst Upgrade

PowerSchool Holdings, Inc. (NYSE:PWSCGet Rating)’s stock price gapped up before the market opened on Tuesday after Barclays raised their price target on the stock from $19.00 to $20.00. The stock had previously closed at $17.33, but opened at $19.91. Barclays currently has an overweight rating on the stock. PowerSchool shares last traded at $18.81, with a volume of 4,848 shares trading hands.

Several other equities research analysts also recently weighed in on the company. The Goldman Sachs Group raised PowerSchool from a “sell” rating to a “neutral” rating and upped their target price for the stock from $15.50 to $16.00 in a research report on Wednesday, July 13th. Piper Sandler increased their price objective on shares of PowerSchool from $19.00 to $22.00 and gave the company an “overweight” rating in a research report on Tuesday. Finally, Royal Bank of Canada boosted their target price on shares of PowerSchool from $20.00 to $22.00 and gave the stock an “outperform” rating in a research report on Tuesday. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $22.43.

Insider Buying and Selling at PowerSchool

In other PowerSchool news, CAO Angelina Hendraka sold 18,171 shares of the company’s stock in a transaction that occurred on Thursday, August 11th. The stock was sold at an average price of $17.45, for a total value of $317,083.95. Following the transaction, the chief accounting officer now directly owns 118,137 shares of the company’s stock, valued at approximately $2,061,490.65. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. 0.74% of the stock is owned by insiders.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. TimesSquare Capital Management LLC increased its holdings in shares of PowerSchool by 39.5% in the 2nd quarter. TimesSquare Capital Management LLC now owns 2,507,904 shares of the company’s stock valued at $30,220,000 after acquiring an additional 710,396 shares during the last quarter. Lord Abbett & CO. LLC acquired a new stake in shares of PowerSchool during the first quarter worth $11,702,000. NewEdge Wealth LLC bought a new position in shares of PowerSchool in the 1st quarter worth about $9,994,000. LGT Capital Partners LTD. acquired a new position in shares of PowerSchool in the 2nd quarter valued at about $5,844,000. Finally, Wellington Management Group LLP grew its position in shares of PowerSchool by 21.0% during the 1st quarter. Wellington Management Group LLP now owns 1,566,827 shares of the company’s stock valued at $25,868,000 after buying an additional 271,642 shares during the last quarter. 62.01% of the stock is owned by institutional investors and hedge funds.

PowerSchool Trading Up 7.8 %

The company has a quick ratio of 0.32, a current ratio of 0.32 and a debt-to-equity ratio of 0.42. The firm’s 50 day moving average is $17.68 and its two-hundred day moving average is $15.38. The stock has a market cap of $3.71 billion, a price-to-earnings ratio of -62.90, a price-to-earnings-growth ratio of 3.24 and a beta of 1.41.

PowerSchool (NYSE:PWSCGet Rating) last posted its earnings results on Monday, August 8th. The company reported $0.17 EPS for the quarter, beating the consensus estimate of $0.11 by $0.06. The company had revenue of $157.59 million during the quarter, compared to analyst estimates of $154.70 million. PowerSchool had a positive return on equity of 3.51% and a negative net margin of 8.03%. Equities analysts anticipate that PowerSchool Holdings, Inc. will post 0.49 EPS for the current year.

About PowerSchool

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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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