Piper Sandler Reiterates “Overweight” Rating for PowerSchool (NYSE:PWSC)

PowerSchool (NYSE:PWSC)‘s stock had its “overweight” rating reiterated by Piper Sandler in a research report issued to clients and investors on Tuesday, Benzinga reports. They currently have a $29.00 price objective on the stock. Piper Sandler’s price target indicates a potential upside of 64.96% from the stock’s current price.

Other research analysts have also issued research reports about the stock. The Goldman Sachs Group upped their price target on shares of PowerSchool from $27.00 to $30.00 and gave the company a “buy” rating in a research note on Tuesday, February 27th. TheStreet lowered shares of PowerSchool from a “b-” rating to a “c” rating in a research note on Monday, January 29th. One investment analyst has rated the stock with a hold rating and nine have given a buy rating to the stock. According to MarketBeat, PowerSchool presently has a consensus rating of “Moderate Buy” and a consensus target price of $27.67.

PowerSchool Trading Down 0.6 %

NYSE PWSC opened at $17.58 on Tuesday. The company has a quick ratio of 0.30, a current ratio of 0.30 and a debt-to-equity ratio of 0.46. The firm has a market cap of $3.56 billion, a PE ratio of -92.53, a price-to-earnings-growth ratio of 0.51 and a beta of 0.89. The company has a 50 day moving average price of $20.89 and a 200 day moving average price of $22.07. PowerSchool has a 52 week low of $16.41 and a 52 week high of $25.16.

PowerSchool (NYSE:PWSC) last issued its quarterly earnings results on Monday, February 26th. The company reported $0.10 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.02). PowerSchool had a negative net margin of 4.46% and a positive return on equity of 6.08%. The company had revenue of $182.14 million for the quarter, compared to analyst estimates of $183.35 million. As a group, sell-side analysts forecast that PowerSchool will post 0.61 EPS for the current fiscal year.

Insider Activity at PowerSchool

In other PowerSchool news, CEO Hardeep Gulati sold 15,307 shares of the stock in a transaction on Monday, March 18th. The shares were sold at an average price of $20.75, for a total transaction of $317,620.25. Following the transaction, the chief executive officer now directly owns 2,141,451 shares of the company’s stock, valued at $44,435,108.25. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other news, CEO Hardeep Gulati sold 15,307 shares of PowerSchool stock in a transaction that occurred on Monday, March 18th. The stock was sold at an average price of $20.75, for a total value of $317,620.25. Following the sale, the chief executive officer now directly owns 2,141,451 shares of the company’s stock, valued at $44,435,108.25. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Eric Ryan Shander sold 3,280 shares of PowerSchool stock in a transaction that occurred on Wednesday, April 3rd. The stock was sold at an average price of $20.65, for a total value of $67,732.00. Following the completion of the sale, the chief financial officer now directly owns 475,868 shares in the company, valued at $9,826,674.20. The disclosure for this sale can be found here. In the last quarter, insiders have sold 176,535 shares of company stock valued at $3,687,100. 0.60% of the stock is owned by company insiders.

Institutional Trading of PowerSchool

A number of institutional investors have recently made changes to their positions in the company. Wasatch Advisors LP boosted its stake in shares of PowerSchool by 12.7% in the first quarter. Wasatch Advisors LP now owns 3,932,460 shares of the company’s stock worth $83,722,000 after acquiring an additional 442,340 shares during the last quarter. Allspring Global Investments Holdings LLC boosted its stake in shares of PowerSchool by 2.9% in the first quarter. Allspring Global Investments Holdings LLC now owns 420,370 shares of the company’s stock worth $8,950,000 after acquiring an additional 11,721 shares during the last quarter. Park Place Capital Corp boosted its stake in shares of PowerSchool by 106.8% in the first quarter. Park Place Capital Corp now owns 1,497 shares of the company’s stock worth $32,000 after acquiring an additional 773 shares during the last quarter. WoodTrust Financial Corp boosted its stake in shares of PowerSchool by 24.5% in the first quarter. WoodTrust Financial Corp now owns 31,500 shares of the company’s stock worth $671,000 after acquiring an additional 6,200 shares during the last quarter. Finally, Harbour Capital Advisors LLC boosted its stake in PowerSchool by 25.9% during the first quarter. Harbour Capital Advisors LLC now owns 41,596 shares of the company’s stock worth $863,000 after buying an additional 8,560 shares during the last quarter. 65.29% of the stock is owned by institutional investors and hedge funds.

About PowerSchool

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.