PowerSchool (NYSE:PWSC) Price Target Cut to $20.00

PowerSchool (NYSE:PWSC) had its price target lowered by equities researchers at UBS Group from $25.00 to $20.00 in a research report issued to clients and investors on Wednesday, Benzinga reports. The brokerage currently has a “neutral” rating on the stock. UBS Group’s price target suggests a potential upside of 10.38% from the stock’s previous close.

Other equities analysts have also issued reports about the company. Needham & Company LLC restated a “buy” rating and set a $26.00 price target on shares of PowerSchool in a research report on Wednesday. TheStreet downgraded shares of PowerSchool from a “b-” rating to a “c” rating in a research note on Monday, January 29th. Piper Sandler reaffirmed an “overweight” rating and set a $29.00 price target on shares of PowerSchool in a research report on Tuesday, April 23rd. Finally, The Goldman Sachs Group raised their target price on shares of PowerSchool from $27.00 to $30.00 and gave the stock a “buy” rating in a research report on Tuesday, February 27th. One analyst has rated the stock with a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $26.00.

PowerSchool Trading Down 5.4 %

Shares of PWSC opened at $18.12 on Wednesday. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.30 and a current ratio of 0.30. PowerSchool has a fifty-two week low of $16.15 and a fifty-two week high of $25.16. The firm has a 50 day moving average price of $19.65 and a 200-day moving average price of $21.72. The firm has a market cap of $3.67 billion, a price-to-earnings ratio of -95.37, a PEG ratio of 0.48 and a beta of 0.98.

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

Insider Buying and Selling at PowerSchool

In related news, CEO Hardeep Gulati sold 15,307 shares of the stock in a transaction dated Monday, March 18th. The shares were sold at an average price of $20.75, for a total transaction of $317,620.25. Following the sale, the chief executive officer now directly owns 2,141,451 shares of the company’s stock, valued at approximately $44,435,108.25. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, CEO Hardeep Gulati sold 15,307 shares of the company’s stock in a transaction that occurred on Monday, March 18th. The stock was sold at an average price of $20.75, for a total value of $317,620.25. Following the transaction, the chief executive officer now directly owns 2,141,451 shares of the company’s stock, valued at approximately $44,435,108.25. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Eric Ryan Shander sold 3,280 shares of PowerSchool stock in a transaction on Wednesday, April 3rd. The stock was sold at an average price of $20.65, for a total value of $67,732.00. Following the completion of the sale, the chief financial officer now directly owns 475,868 shares of the company’s stock, valued at approximately $9,826,674.20. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 182,706 shares of company stock worth $3,818,727. 0.60% of the stock is owned by insiders.

Hedge Funds Weigh In On PowerSchool

A number of hedge funds have recently bought and sold shares of the business. Orion Capital Management LLC purchased a new position in shares of PowerSchool during the third quarter valued at approximately $32,000. Park Place Capital Corp grew its position in PowerSchool by 106.8% in the 1st quarter. Park Place Capital Corp now owns 1,497 shares of the company’s stock worth $32,000 after purchasing an additional 773 shares during the period. Fifth Third Bancorp purchased a new stake in PowerSchool during the 3rd quarter valued at $35,000. International Assets Investment Management LLC lifted its holdings in shares of PowerSchool by 3,244.4% during the 4th quarter. International Assets Investment Management LLC now owns 2,709 shares of the company’s stock valued at $64,000 after buying an additional 2,628 shares during the period. Finally, SG Americas Securities LLC purchased a new position in shares of PowerSchool in the 1st quarter worth $108,000. Hedge funds and other institutional investors own 65.29% of the company’s stock.

PowerSchool Company Profile

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.