PowerSchool (NYSE:PWSC) Given “Hold” Rating at Needham & Company LLC

Needham & Company LLC reaffirmed their hold rating on shares of PowerSchool (NYSE:PWSCFree Report) in a report released on Friday morning, Benzinga reports.

Several other brokerages have also recently weighed in on PWSC. Barclays dropped their price objective on PowerSchool from $28.00 to $23.00 and set an overweight rating for the company in a report on Wednesday, May 8th. The Goldman Sachs Group boosted their price target on PowerSchool from $27.00 to $30.00 and gave the company a buy rating in a research note on Tuesday, February 27th. UBS Group reduced their price objective on shares of PowerSchool from $25.00 to $20.00 and set a neutral rating on the stock in a research note on Wednesday, May 8th. Piper Sandler dropped their target price on shares of PowerSchool from $29.00 to $24.00 and set an overweight rating for the company in a research report on Friday, May 10th. Finally, Cantor Fitzgerald reiterated an overweight rating and set a $25.00 price target on shares of PowerSchool in a research report on Thursday, May 9th. Five investment analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat, the company has an average rating of Moderate Buy and a consensus price target of $24.98.

Read Our Latest Stock Analysis on PowerSchool

PowerSchool Price Performance

PWSC stock opened at $22.46 on Friday. PowerSchool has a 52 week low of $16.15 and a 52 week high of $25.16. The company’s 50-day simple moving average is $19.55 and its 200 day simple moving average is $21.69. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.24 and a current ratio of 0.24.

PowerSchool (NYSE:PWSCGet Free Report) last announced its earnings results on Tuesday, May 7th. The company reported $0.10 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.13 by ($0.03). PowerSchool had a positive return on equity of 6.13% and a negative net margin of 5.37%. The business had revenue of $184.97 million for the quarter, compared to analyst estimates of $184.45 million. Sell-side analysts forecast that PowerSchool will post 0.5 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, CMO Fred Studer sold 5,449 shares of the stock in a transaction on Wednesday, June 5th. The stock was sold at an average price of $22.23, for a total value of $121,131.27. Following the completion of the transaction, the chief marketing officer now directly owns 187,441 shares in the company, valued at approximately $4,166,813.43. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, CMO Fred Studer sold 5,449 shares of the business’s stock in a transaction dated Wednesday, June 5th. The stock was sold at an average price of $22.23, for a total transaction of $121,131.27. Following the sale, the chief marketing officer now directly owns 187,441 shares in the company, valued at $4,166,813.43. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Hardeep Gulati sold 85,000 shares of the firm’s stock in a transaction that occurred on Monday, June 3rd. The shares were sold at an average price of $21.35, for a total transaction of $1,814,750.00. Following the completion of the transaction, the chief executive officer now owns 1,715,667 shares of the company’s stock, valued at approximately $36,629,490.45. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 356,103 shares of company stock valued at $7,499,454. 0.60% of the stock is currently owned by insiders.

Institutional Trading of PowerSchool

Institutional investors have recently modified their holdings of the business. Comerica Bank lifted its holdings in PowerSchool by 111.8% during the 1st quarter. Comerica Bank now owns 1,493 shares of the company’s stock worth $32,000 after buying an additional 788 shares during the period. Sandia Investment Management LP bought a new position in shares of PowerSchool during the first quarter worth about $639,000. Price T Rowe Associates Inc. MD lifted its stake in shares of PowerSchool by 5.5% in the first quarter. Price T Rowe Associates Inc. MD now owns 1,214,232 shares of the company’s stock worth $25,852,000 after acquiring an additional 62,870 shares during the period. Natixis Investment Managers International lifted its stake in shares of PowerSchool by 77.1% in the first quarter. Natixis Investment Managers International now owns 3,260 shares of the company’s stock worth $69,000 after acquiring an additional 1,419 shares during the period. Finally, Covestor Ltd increased its position in PowerSchool by 353.4% during the 1st quarter. Covestor Ltd now owns 1,283 shares of the company’s stock valued at $27,000 after purchasing an additional 1,000 shares during the period. Institutional investors own 65.29% of the company’s stock.

About PowerSchool

(Get Free Report)

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.

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Analyst Recommendations for PowerSchool (NYSE:PWSC)

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