PowerSchool (NYSE:PWSC) PT Lowered to $23.00 at Barclays

PowerSchool (NYSE:PWSC) had its price target dropped by investment analysts at Barclays from $28.00 to $23.00 in a report released on Wednesday, Benzinga reports. The firm currently has an “overweight” rating on the stock. Barclays‘s price objective would suggest a potential upside of 26.93% from the stock’s previous close.

A number of other equities analysts have also recently commented on PWSC. UBS Group decreased their target price on PowerSchool from $25.00 to $20.00 and set a “neutral” rating on the stock in a report on Wednesday. The Goldman Sachs Group raised their target price on PowerSchool from $27.00 to $30.00 and gave the stock a “buy” rating in a report on Tuesday, February 27th. Piper Sandler reaffirmed an “overweight” rating and issued a $29.00 target price on shares of PowerSchool in a report on Tuesday, April 23rd. TheStreet cut PowerSchool from a “b-” rating to a “c” rating in a report on Monday, January 29th. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $26.00 target price on shares of PowerSchool in a report on Wednesday. One investment analyst has rated the stock with a hold rating and nine have assigned a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $26.00.

PowerSchool Stock Down 5.4 %

PWSC opened at $18.12 on Wednesday. The firm has a 50 day moving average price of $19.65 and a 200-day moving average price of $21.72. The stock has a market capitalization of $3.67 billion, a price-to-earnings ratio of -95.37, a PEG ratio of 0.48 and a beta of 0.98. 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 has a twelve month low of $16.15 and a twelve month high of $25.16.

PowerSchool (NYSE:PWSC) last released 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 firm had revenue of $182.14 million for the quarter, compared to the consensus estimate of $183.35 million. PowerSchool had a negative net margin of 4.46% and a positive return on equity of 6.08%. Equities research analysts forecast that PowerSchool will post 0.61 earnings per share for the current year.

Insider Buying and Selling at PowerSchool

In other PowerSchool news, CEO Hardeep Gulati sold 15,307 shares of the firm’s stock in a transaction dated Monday, March 18th. The stock was 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 $44,435,108.25. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other news, CFO Eric Ryan Shander sold 3,250 shares of the firm’s stock in a transaction dated Wednesday, March 27th. The stock was sold at an average price of $20.87, for a total transaction of $67,827.50. Following the completion of the transaction, the chief financial officer now owns 488,941 shares in the company, valued at $10,204,198.67. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Hardeep Gulati sold 15,307 shares of the firm’s stock in a transaction dated Monday, March 18th. The shares were sold at an average price of $20.75, for a total value of $317,620.25. Following the transaction, the chief executive officer now owns 2,141,451 shares of the company’s stock, valued at approximately $44,435,108.25. The disclosure for this sale can be found here. Insiders have sold a total of 182,706 shares of company stock valued at $3,818,727 over the last ninety days. 0.60% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the company. Janney Capital Management LLC grew its position in shares of PowerSchool by 2.7% during the third quarter. Janney Capital Management LLC now owns 20,082 shares of the company’s stock valued at $455,000 after purchasing an additional 533 shares in the last quarter. Lord Abbett & CO. LLC grew its position in PowerSchool by 1.7% in the third quarter. Lord Abbett & CO. LLC now owns 34,776 shares of the company’s stock worth $788,000 after acquiring an additional 567 shares in the last quarter. Park Avenue Securities LLC grew its position in PowerSchool by 6.3% in the first quarter. Park Avenue Securities LLC now owns 11,868 shares of the company’s stock worth $253,000 after acquiring an additional 703 shares in the last quarter. Fifth Third Bancorp grew its position in PowerSchool by 47.7% in the fourth quarter. Fifth Third Bancorp now owns 2,311 shares of the company’s stock worth $54,000 after acquiring an additional 746 shares in the last quarter. Finally, Park Place Capital Corp grew its position in PowerSchool by 106.8% in the first quarter. Park Place Capital Corp now owns 1,497 shares of the company’s stock worth $32,000 after acquiring an additional 773 shares in the last quarter. 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.