PowerSchool Holdings, Inc. (NYSE:PWSC) Given Average Rating of “Hold” by Brokerages

Shares of PowerSchool Holdings, Inc. (NYSE:PWSC) have been assigned an average rating of “Hold” from the fourteen analysts that are currently covering the firm, Marketbeat.com reports. Ten equities research analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 12 month target price among brokerages that have issued a report on the stock in the last year is $24.52.

A number of equities research analysts have recently commented on PWSC shares. UBS Group cut their price target on shares of PowerSchool from $25.00 to $20.00 and set a “neutral” rating on the stock in a report on Wednesday, May 8th. Baird R W cut PowerSchool from a “strong-buy” rating to a “hold” rating in a research note on Friday, June 7th. Needham & Company LLC reaffirmed a “hold” rating on shares of PowerSchool in a report on Friday, June 7th. Piper Sandler reiterated a “neutral” rating and issued a $22.80 price objective (down from $24.00) on shares of PowerSchool in a report on Friday, June 7th. Finally, Robert W. Baird restated a “neutral” rating and set a $23.00 target price (down previously from $26.00) on shares of PowerSchool in a research note on Friday, June 7th.

PowerSchool Price Performance

Shares of NYSE:PWSC opened at $22.57 on Thursday. The company has a current ratio of 0.24, a quick ratio of 0.24 and a debt-to-equity ratio of 0.46. The stock has a fifty day simple moving average of $22.15 and a two-hundred day simple moving average of $21.50. PowerSchool has a 12-month low of $16.15 and a 12-month high of $25.16. The stock has a market capitalization of $4.60 billion, a price-to-earnings ratio of -94.02 and a beta of 1.06.

PowerSchool (NYSE:PWSC) last announced its quarterly 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 firm had revenue of $184.97 million during the quarter, compared to the consensus estimate of $184.45 million. On average, research analysts anticipate that PowerSchool will post 0.5 earnings per share for the current fiscal year.

Insider Transactions at PowerSchool

In other PowerSchool news, CEO Hardeep Gulati sold 3,800 shares of the business’s stock in a transaction dated Wednesday, May 15th. The stock was sold at an average price of $19.01, for a total transaction of $72,238.00. Following the completion of the sale, the chief executive officer now owns 1,901,867 shares of the company’s stock, valued at $36,154,491.67. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other PowerSchool news, insider Shivani Stumpf sold 1,295 shares of the company’s stock in a transaction that occurred on Thursday, June 20th. The shares were sold at an average price of $22.33, for a total value of $28,917.35. Following the completion of the transaction, the insider now directly owns 289,555 shares in the company, valued at $6,465,763.15. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Hardeep Gulati sold 3,800 shares of the firm’s stock in a transaction on Wednesday, May 15th. The shares were sold at an average price of $19.01, for a total transaction of $72,238.00. Following the sale, the chief executive officer now owns 1,901,867 shares in the company, valued at $36,154,491.67. The disclosure for this sale can be found here. Insiders have sold 331,708 shares of company stock worth $7,195,695 in the last 90 days. 0.60% of the stock is currently owned by insiders.

Institutional Investors Weigh In On PowerSchool

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Mackenzie Financial Corp raised its stake in PowerSchool by 2.8% during the 4th quarter. Mackenzie Financial Corp now owns 1,823,474 shares of the company’s stock valued at $42,961,000 after purchasing an additional 50,094 shares during the period. Principal Financial Group Inc. lifted its holdings in shares of PowerSchool by 37.5% in the fourth quarter. Principal Financial Group Inc. now owns 40,059 shares of the company’s stock worth $944,000 after buying an additional 10,932 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in shares of PowerSchool by 14.3% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,655,296 shares of the company’s stock worth $39,001,000 after acquiring an additional 207,237 shares during the last quarter. Homestead Advisers Corp grew its stake in PowerSchool by 29.8% during the first quarter. Homestead Advisers Corp now owns 207,669 shares of the company’s stock valued at $4,421,000 after acquiring an additional 47,700 shares in the last quarter. Finally, Oppenheimer Asset Management Inc. increased its holdings in PowerSchool by 58.7% in the 1st quarter. Oppenheimer Asset Management Inc. now owns 104,299 shares of the company’s stock valued at $2,221,000 after acquiring an additional 38,582 shares during the last quarter. 65.29% of the stock is owned by institutional investors.

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.