PowerSchool Holdings, Inc. (NYSE:PWSC) Receives Consensus Rating of “Moderate Buy” from Analysts

PowerSchool Holdings, Inc. (NYSE:PWSC) has been assigned a consensus rating of “Moderate Buy” from the ten ratings firms that are covering the firm, MarketBeat Ratings reports. One research analyst has rated the stock with a hold recommendation and nine have assigned a buy recommendation to the company. The average 12-month price target among brokers that have issued a report on the stock in the last year is $27.67.

Several analysts recently commented on the stock. TheStreet downgraded shares of PowerSchool from a “b-” rating to a “c” rating in a research report on Monday, January 29th. The Goldman Sachs Group increased their price objective on shares of PowerSchool from $27.00 to $30.00 and gave the stock a “buy” rating in a research note on Tuesday, February 27th. Finally, Piper Sandler reiterated an “overweight” rating and issued a $29.00 price objective on shares of PowerSchool in a research note on Wednesday, March 6th.

PowerSchool Trading Down 2.2 %

Shares of PWSC opened at $20.12 on Tuesday. The firm has a 50 day moving average price of $21.78 and a 200-day moving average price of $22.28. PowerSchool has a fifty-two week low of $16.41 and a fifty-two week high of $25.16. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.30 and a current ratio of 0.30. The firm has a market cap of $4.08 billion, a price-to-earnings ratio of -105.89, a PEG ratio of 0.60 and a beta of 0.89.

PowerSchool (NYSE:PWSC) last posted its quarterly earnings results on Monday, February 26th. The company reported $0.10 EPS for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.02). PowerSchool had a negative net margin of 4.46% and a positive return on equity of 6.08%. The firm had revenue of $182.14 million for the quarter, compared to the consensus estimate of $183.35 million. As a group, equities research analysts forecast that PowerSchool will post 0.61 earnings per share for the current year.

Insider Transactions at PowerSchool

In related news, CEO Hardeep Gulati sold 21,900 shares of the business’s stock in a transaction that occurred on Friday, April 5th. The shares were sold at an average price of $21.06, for a total transaction of $461,214.00. Following the completion of the transaction, the chief executive officer now owns 1,911,838 shares in the company, valued at approximately $40,263,308.28. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In other news, CFO Eric Ryan Shander sold 3,047 shares of the business’s stock in a transaction that occurred on Tuesday, March 5th. The stock was sold at an average price of $20.30, for a total value of $61,854.10. Following the completion of the sale, the chief financial officer now directly owns 492,191 shares in the company, valued at $9,991,477.30. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Hardeep Gulati sold 21,900 shares of the firm’s stock in a transaction on Friday, April 5th. The shares were sold at an average price of $21.06, for a total value of $461,214.00. Following the completion of the transaction, the chief executive officer now owns 1,911,838 shares in the company, valued at approximately $40,263,308.28. The disclosure for this sale can be found here. In the last three months, insiders sold 176,535 shares of company stock valued at $3,687,100. Corporate insiders own 0.60% of the company’s stock.

Hedge Funds Weigh In On PowerSchool

Institutional investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. increased its position in shares of PowerSchool by 38.3% during the 4th quarter. Vanguard Group Inc. now owns 9,511,416 shares of the company’s stock worth $224,089,000 after purchasing an additional 2,634,169 shares during the last quarter. Morgan Stanley increased its stake in shares of PowerSchool by 332.0% during the third quarter. Morgan Stanley now owns 1,911,471 shares of the company’s stock worth $43,314,000 after buying an additional 1,468,997 shares during the period. Riverbridge Partners LLC purchased a new stake in shares of PowerSchool in the 3rd quarter valued at approximately $32,973,000. JPMorgan Chase & Co. raised its stake in PowerSchool by 841.6% in the third quarter. JPMorgan Chase & Co. now owns 1,374,709 shares of the company’s stock valued at $31,151,000 after buying an additional 1,228,709 shares in the last quarter. Finally, Goldman Sachs Group Inc. increased its holdings in shares of PowerSchool by 536.6% in the 2nd quarter. Goldman Sachs Group Inc. now owns 1,303,025 shares of the company’s stock valued at $24,940,000 after acquiring an additional 1,098,331 shares during the last quarter. Hedge funds and other institutional investors own 65.29% of the company’s stock.

About PowerSchool

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.