PowerSchool’s (PWSC) “Overweight” Rating Reiterated at Piper Sandler

Piper Sandler reissued their overweight rating on shares of PowerSchool (NYSE:PWSC) in a research report sent to investors on Tuesday morning, Benzinga reports. Piper Sandler currently has a $29.00 price target on the stock.

PWSC has been the subject of a number of other research reports. TheStreet lowered shares of PowerSchool from a b- rating to a c rating in a research note on Monday, January 29th. The Goldman Sachs Group lifted their price objective on shares of PowerSchool from $27.00 to $30.00 and gave the company a buy rating in a research note on Tuesday, February 27th. One investment analyst has rated the stock with a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of Moderate Buy and an average price target of $27.67.

PowerSchool Trading Up 1.1 %

Shares of NYSE:PWSC opened at $17.67 on Tuesday. The firm has a fifty day moving average of $21.03 and a two-hundred day moving average of $22.10. The firm has a market capitalization of $3.58 billion, a P/E ratio of -93.00, a price-to-earnings-growth ratio of 0.51 and a beta of 0.89. PowerSchool has a 12-month low of $16.41 and a 12-month high of $25.16. The company has a quick ratio of 0.30, a current ratio of 0.30 and a debt-to-equity ratio of 0.46.

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

Insiders Place Their Bets

In other PowerSchool news, CEO Hardeep Gulati sold 39,141 shares of the business’s stock in a transaction on Wednesday, March 20th. The shares were sold at an average price of $21.19, for a total transaction of $829,397.79. Following the completion of the transaction, the chief executive officer now owns 2,087,121 shares of the company’s stock, valued at approximately $44,226,093.99. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other news, CTO Devendra Singh sold 2,750 shares of the company’s stock in a transaction dated Wednesday, March 27th. The shares were sold at an average price of $20.87, for a total transaction of $57,392.50. Following the completion of the transaction, the chief technology officer now owns 338,769 shares of the company’s stock, valued at $7,070,109.03. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Hardeep Gulati sold 39,141 shares of the company’s stock in a transaction dated Wednesday, March 20th. The shares were sold at an average price of $21.19, for a total transaction of $829,397.79. Following the transaction, the chief executive officer now directly owns 2,087,121 shares of the company’s stock, valued at approximately $44,226,093.99. The disclosure for this sale can be found here. Insiders sold a total of 176,535 shares of company stock valued at $3,687,100 in the last quarter. Insiders own 0.60% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in PWSC. Orion Capital Management LLC acquired a new position in shares of PowerSchool during the third quarter valued at about $32,000. Park Place Capital Corp raised its position in shares of PowerSchool by 106.8% during the first quarter. Park Place Capital Corp now owns 1,497 shares of the company’s stock valued at $32,000 after buying an additional 773 shares during the last quarter. Fifth Third Bancorp acquired a new position in shares of PowerSchool during the third quarter valued at about $35,000. International Assets Investment Management LLC raised its position in PowerSchool by 3,244.4% in the fourth quarter. International Assets Investment Management LLC now owns 2,709 shares of the company’s stock worth $64,000 after purchasing an additional 2,628 shares in the last quarter. Finally, Sentry Investment Management LLC acquired a new position in PowerSchool in the fourth quarter worth about $120,000. Institutional investors and hedge funds 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.