PowerSchool (NYSE:PWSC) Given “Neutral” Rating at Robert W. Baird

Robert W. Baird reiterated their neutral rating on shares of PowerSchool (NYSE:PWSCFree Report) in a report issued on Friday morning, Benzinga reports. The brokerage currently has a $23.00 price objective on the stock, down from their previous price objective of $26.00.

A number of other research analysts have also recently commented on PWSC. Cantor Fitzgerald restated an overweight rating and set a $25.00 price target on shares of PowerSchool in a research note on Thursday, May 9th. Piper Sandler decreased their target price on PowerSchool from $29.00 to $24.00 and set an overweight rating on the stock in a research note on Friday, May 10th. UBS Group dropped their target price on PowerSchool from $25.00 to $20.00 and set a neutral rating for the company in a research report on Wednesday, May 8th. Barclays reduced their price target on shares of PowerSchool from $28.00 to $23.00 and set an overweight rating on the stock in a research report on Wednesday, May 8th. Finally, 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 report on Tuesday, February 27th. Five research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of Moderate Buy and an average target price of $24.98.

Get Our Latest Stock Report on PowerSchool

PowerSchool Stock Up 0.4 %

Shares of NYSE:PWSC opened at $22.46 on Friday. PowerSchool has a 12-month low of $16.15 and a 12-month high of $25.16. The business has a 50-day moving average price of $19.55 and a 200 day moving average price of $21.69. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.24 and a quick ratio of 0.24.

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

Insider Buying and Selling at PowerSchool

In other news, CEO Hardeep Gulati sold 1,400 shares of PowerSchool stock in a transaction on Monday, March 25th. The shares were sold at an average price of $21.04, for a total transaction of $29,456.00. Following the completion of the sale, the chief executive officer now directly owns 2,059,216 shares of the company’s stock, valued at approximately $43,325,904.64. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In related news, CEO Hardeep Gulati sold 1,400 shares of the stock in a transaction on Monday, March 25th. The stock was sold at an average price of $21.04, for a total value of $29,456.00. Following the transaction, the chief executive officer now owns 2,059,216 shares of the company’s stock, valued at $43,325,904.64. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CMO Fred Studer sold 5,449 shares of PowerSchool stock in a transaction dated Wednesday, June 5th. The stock was sold at an average price of $22.23, for a total value of $121,131.27. Following the sale, the chief marketing officer now directly owns 187,441 shares of the company’s stock, valued at $4,166,813.43. The disclosure for this sale can be found here. In the last three months, insiders have sold 356,103 shares of company stock valued at $7,499,454. Insiders own 0.60% of the company’s stock.

Hedge Funds Weigh In On PowerSchool

Several hedge funds have recently added to or reduced their stakes in PWSC. Lord Abbett & CO. LLC boosted its holdings in shares of PowerSchool by 1.7% in the 3rd quarter. Lord Abbett & CO. LLC now owns 34,776 shares of the company’s stock valued at $788,000 after buying an additional 567 shares in the last quarter. Janney Capital Management LLC lifted its position in PowerSchool by 3.1% in the fourth quarter. Janney Capital Management LLC now owns 20,700 shares of the company’s stock valued at $488,000 after acquiring an additional 618 shares during the last quarter. Park Avenue Securities LLC boosted its stake in PowerSchool by 6.3% in the first quarter. Park Avenue Securities LLC now owns 11,868 shares of the company’s stock valued at $253,000 after acquiring an additional 703 shares in the last quarter. Fifth Third Bancorp grew its holdings in shares of PowerSchool by 47.7% during the fourth quarter. Fifth Third Bancorp now owns 2,311 shares of the company’s stock worth $54,000 after purchasing an additional 746 shares during the last quarter. Finally, Park Place Capital Corp increased 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 worth $32,000 after purchasing an additional 773 shares in the last quarter. 65.29% of the stock is currently owned by hedge funds and other institutional investors.

PowerSchool Company Profile

(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.

Read More

Analyst Recommendations for PowerSchool (NYSE:PWSC)

Receive News & Ratings for PowerSchool Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for PowerSchool and related companies with MarketBeat.com's FREE daily email newsletter.