PowerSchool Holdings, Inc. (NYSE:PWSC) Given Consensus Recommendation of “Moderate Buy” by Brokerages

PowerSchool Holdings, Inc. (NYSE:PWSCGet Rating) has earned a consensus recommendation of “Buy” from the ten research firms that are covering the firm, MarketBeat Ratings reports. Eight investment analysts have rated the stock with a buy rating. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is $23.80.

A number of research firms have commented on PWSC. Robert W. Baird raised their price target on shares of PowerSchool to $24.00 in a report on Wednesday, December 14th. Royal Bank of Canada boosted their price target on shares of PowerSchool from $20.00 to $22.00 and gave the company an “outperform” rating in a research report on Tuesday, November 8th. The Goldman Sachs Group boosted their price target on shares of PowerSchool to $18.00 in a research report on Tuesday, November 15th. Bank of America upgraded shares of PowerSchool from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $20.00 to $32.00 in a report on Wednesday, January 4th. Finally, Barclays upped their price target on shares of PowerSchool from $20.00 to $26.00 and gave the company an “overweight” rating in a report on Wednesday, January 11th.

PowerSchool Stock Performance

Shares of NYSE:PWSC opened at $23.99 on Friday. The company’s 50 day moving average price is $21.90 and its two-hundred day moving average price is $18.60. PowerSchool has a 12-month low of $10.60 and a 12-month high of $26.05. The firm has a market cap of $4.78 billion, a PE ratio of -114.24, a PEG ratio of 3.73 and a beta of 1.16. The company has a quick ratio of 0.54, a current ratio of 0.54 and a debt-to-equity ratio of 0.42.

PowerSchool (NYSE:PWSCGet Rating) last issued its quarterly earnings data on Monday, November 7th. The company reported $0.14 EPS for the quarter, beating the consensus estimate of $0.13 by $0.01. The business had revenue of $162.43 million during the quarter, compared to the consensus estimate of $163.18 million. PowerSchool had a negative net margin of 5.12% and a positive return on equity of 5.79%. Equities research analysts predict that PowerSchool will post 0.5 earnings per share for the current year.

Hedge Funds Weigh In On PowerSchool

A number of hedge funds have recently modified their holdings of the business. Vanguard Group Inc. boosted its stake in shares of PowerSchool by 0.6% in the first quarter. Vanguard Group Inc. now owns 3,629,874 shares of the company’s stock valued at $59,929,000 after buying an additional 20,583 shares in the last quarter. TimesSquare Capital Management LLC grew its holdings in PowerSchool by 39.5% in the 2nd quarter. TimesSquare Capital Management LLC now owns 2,507,904 shares of the company’s stock worth $30,220,000 after buying an additional 710,396 shares in the last quarter. Lord Abbett & CO. LLC boosted its stake in PowerSchool by 115.4% during the 3rd quarter. Lord Abbett & CO. LLC now owns 1,638,133 shares of the company’s stock valued at $27,341,000 after purchasing an additional 877,727 shares in the last quarter. Wellington Management Group LLP boosted its stake 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 worth $25,868,000 after acquiring an additional 271,642 shares in the last quarter. Finally, Nuveen Asset Management LLC lifted its holdings in shares of PowerSchool by 174.0% in the third quarter. Nuveen Asset Management LLC now owns 1,335,947 shares of the company’s stock valued at $22,297,000 after purchasing an additional 848,383 shares in the last quarter. 61.21% of the stock is currently owned by hedge funds and other institutional investors.

PowerSchool Company Profile

(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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Analyst Recommendations for PowerSchool (NYSE:PWSC)

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