PowerSchool (NYSE:PWSC) Stock Rating Reaffirmed by Needham & Company LLC

Needham & Company LLC reissued their buy rating on shares of PowerSchool (NYSE:PWSC) in a research note issued to investors on Friday morning, Benzinga reports. Needham & Company LLC currently has a $26.00 price objective on the stock.

PWSC has been the subject of several other research reports. Credit Suisse Group raised their target price on PowerSchool from $27.00 to $29.00 and gave the stock an outperform rating in a research note on Tuesday, August 8th. TheStreet raised PowerSchool from a d rating to a c rating in a research note on Thursday, August 17th. The Goldman Sachs Group raised their target price on PowerSchool from $24.00 to $27.00 and gave the stock a buy rating in a research note on Tuesday, August 8th. Royal Bank of Canada reissued an outperform rating and set a $29.00 target price on shares of PowerSchool in a research note on Friday. Finally, Cantor Fitzgerald raised their target price on PowerSchool from $27.00 to $30.00 and gave the stock an overweight rating in a research note on Friday. One investment analyst has rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. According to MarketBeat.com, PowerSchool currently has a consensus rating of Moderate Buy and an average target price of $27.55.

PowerSchool Stock Performance

NYSE PWSC opened at $22.38 on Friday. The company has a market cap of $4.50 billion, a PE ratio of -172.15 and a beta of 0.95. The stock’s 50 day simple moving average is $22.19 and its 200-day simple moving average is $20.22. PowerSchool has a 1-year low of $15.60 and a 1-year high of $26.05. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.47 and a quick ratio of 0.47.

PowerSchool (NYSE:PWSC) last posted its quarterly earnings results on Monday, August 7th. The company reported $0.14 EPS for the quarter, meeting 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 firm had revenue of $173.90 million during the quarter, compared to analysts’ expectations of $171.28 million. As a group, equities research analysts anticipate that PowerSchool will post 0.51 EPS for the current fiscal year.

Insider Activity at PowerSchool

In other PowerSchool news, CMO Fred Studer sold 22,002 shares of PowerSchool stock in a transaction dated Wednesday, September 6th. The stock was sold at an average price of $22.78, for a total transaction of $501,205.56. Following the completion of the sale, the chief marketing officer now directly owns 198,237 shares of the company’s stock, valued at approximately $4,515,838.86. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other news, insider Marcy Daniel sold 15,000 shares of the business’s stock in a transaction dated Wednesday, August 30th. The stock was sold at an average price of $19.01, for a total value of $285,150.00. Following the completion of the sale, the insider now directly owns 284,120 shares of the company’s stock, valued at approximately $5,401,121.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CMO Fred Studer sold 22,002 shares of the business’s stock in a transaction dated Wednesday, September 6th. The shares were sold at an average price of $22.78, for a total value of $501,205.56. Following the completion of the sale, the chief marketing officer now directly owns 198,237 shares of the company’s stock, valued at $4,515,838.86. The disclosure for this sale can be found here. Over the last three months, insiders sold 70,759 shares of company stock worth $1,441,039. Company insiders own 1.10% of the company’s stock.

Institutional Trading of PowerSchool

Several institutional investors and hedge funds have recently made changes to their positions in PWSC. Tower Research Capital LLC TRC increased its position in PowerSchool by 262.4% in the 1st quarter. Tower Research Capital LLC TRC now owns 1,348 shares of the company’s stock valued at $27,000 after acquiring an additional 976 shares during the period. Orion Capital Management LLC acquired a new position in PowerSchool in the 1st quarter valued at about $28,000. Royal Bank of Canada increased its position in PowerSchool by 63.5% in the 3rd quarter. Royal Bank of Canada now owns 2,135 shares of the company’s stock valued at $35,000 after acquiring an additional 829 shares during the period. Picton Mahoney Asset Management acquired a new position in PowerSchool in the 2nd quarter valued at about $57,000. Finally, Allspring Global Investments Holdings LLC increased its position in PowerSchool by 62.7% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 3,792 shares of the company’s stock valued at $75,000 after acquiring an additional 1,461 shares during the period. 65.29% of the stock is owned by hedge funds and other institutional investors.

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.