Cantor Fitzgerald Boosts PowerSchool (NYSE:PWSC) Price Target to $30.00

PowerSchool (NYSE:PWSC) had its price target hoisted by research analysts at Cantor Fitzgerald from $27.00 to $30.00 in a report issued on Friday, FlyOnTheWall reports. Cantor Fitzgerald’s target price would indicate a potential upside of 35.69% from the stock’s current price.

Several other analysts also recently weighed in on the company. UBS Group upped their price objective on PowerSchool from $22.00 to $24.00 in a research report on Friday. Piper Sandler restated an “overweight” rating and set a $27.00 price objective on shares of PowerSchool in a research report on Tuesday, August 8th. Raymond James upped their price objective on PowerSchool from $23.00 to $25.00 and gave the stock an “outperform” rating in a research report on Tuesday, August 8th. Barclays upped their price objective on PowerSchool from $26.00 to $28.00 in a research report on Friday. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $26.00 target price on shares of PowerSchool in a research report on Tuesday, August 8th. One investment analyst has rated the stock with a hold rating and ten have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $27.55.

PowerSchool Stock Performance

PWSC opened at $22.11 on Friday. The firm has a market cap of $4.45 billion, a P/E ratio of -170.08 and a beta of 0.95. PowerSchool has a 52-week low of $15.60 and a 52-week high of $26.05. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.47 and a current ratio of 0.47. The business’s fifty day moving average is $22.06 and its 200-day moving average is $20.22.

PowerSchool (NYSE:PWSC) last announced its quarterly earnings data on Monday, August 7th. The company reported $0.14 earnings per share for the quarter, hitting the consensus estimate of $0.14. PowerSchool had a positive return on equity of 7.17% and a negative net margin of 2.92%. The business had revenue of $173.90 million during the quarter, compared to the consensus estimate of $171.28 million. Sell-side analysts expect that PowerSchool will post 0.51 EPS for the current fiscal year.

Insider Activity

In other news, CAO Angelina Hendraka sold 3,657 shares of the stock in a transaction dated Wednesday, August 2nd. The stock was sold at an average price of $22.76, for a total value of $83,233.32. Following the completion of the sale, the chief accounting officer now owns 124,687 shares of the company’s stock, valued at $2,837,876.12. The sale was disclosed in a legal filing with the SEC, which is available at this link. In other news, CAO Angelina Hendraka sold 3,657 shares of the stock in a transaction dated Wednesday, August 2nd. The stock was sold at an average price of $22.76, for a total value of $83,233.32. Following the completion of the sale, the chief accounting officer now owns 124,687 shares of the company’s stock, valued at $2,837,876.12. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Marcy Daniel sold 2,150 shares of the stock in a transaction dated Tuesday, June 20th. The shares were sold at an average price of $18.82, for a total value of $40,463.00. Following the completion of the sale, the insider now directly owns 51,468 shares of the company’s stock, valued at approximately $968,627.76. The disclosure for this sale can be found here. Over the last quarter, insiders sold 110,404 shares of company stock valued at $2,187,158. Company insiders own 1.10% of the company’s stock.

Institutional Investors Weigh In On PowerSchool

Several large investors have recently added to or reduced their stakes in PWSC. JPMorgan Chase & Co. grew its stake in PowerSchool by 247.8% during the first quarter. JPMorgan Chase & Co. now owns 137,255 shares of the company’s stock worth $2,266,000 after purchasing an additional 97,789 shares during the period. MetLife Investment Management LLC grew its stake in PowerSchool by 22.8% during the first quarter. MetLife Investment Management LLC now owns 24,839 shares of the company’s stock worth $410,000 after purchasing an additional 4,613 shares during the period. Blair William & Co. IL grew its stake in PowerSchool by 54.2% during the first quarter. Blair William & Co. IL now owns 122,454 shares of the company’s stock worth $2,022,000 after purchasing an additional 43,039 shares during the period. Lord Abbett & CO. LLC acquired a new stake in PowerSchool during the first quarter worth approximately $11,702,000. Finally, Sei Investments Co. grew its stake in PowerSchool by 2.6% during the first quarter. Sei Investments Co. now owns 79,000 shares of the company’s stock worth $1,304,000 after purchasing an additional 2,000 shares during the period. Institutional investors and hedge funds own 65.29% of the company’s stock.

About PowerSchool

PowerSchool Holdings, Inc, together with its subsidiaries, offers cloud-based software to the K-12 education market. Its solution embedded in school workflows and is used on daily basis by educators, students, administrators, and parents in schools and districts. In addition, the company provides cloud-based technology platform helps schools and districts manage state reporting and related compliance, special education, finance, human resource, talent, registration, attendance, funding, learning, instruction, behavior, grading, college and career readiness, assessments, and analytics.