PowerSchool (NYSE:PWSC) Receives “Overweight” Rating from Piper Sandler

Piper Sandler reissued their overweight rating on shares of PowerSchool (NYSE:PWSC) in a report published on Tuesday morning, Benzinga reports. They currently have a $29.00 price objective on the stock.

PWSC has been the topic of several other research reports. TheStreet downgraded shares of PowerSchool from a b- rating to a c rating in a research report on Monday, January 29th. The Goldman Sachs Group boosted their target price on shares of PowerSchool from $27.00 to $30.00 and gave the stock a buy rating in a research report on Tuesday, February 27th. One equities research analyst has rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of Moderate Buy and a consensus target price of $27.67.

PowerSchool Trading Down 1.1 %

NYSE:PWSC opened at $17.38 on Tuesday. PowerSchool has a one year low of $16.41 and a one year high of $25.16. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.30 and a current ratio of 0.30. The firm has a 50-day simple moving average of $20.75 and a 200-day simple moving average of $22.03.

PowerSchool (NYSE:PWSC) last released its earnings results on Monday, February 26th. The company reported $0.10 earnings per share for the quarter, missing the consensus estimate of $0.12 by ($0.02). The company had revenue of $182.14 million for the quarter, compared to analysts’ expectations of $183.35 million. PowerSchool had a positive return on equity of 6.08% and a negative net margin of 4.46%. On average, equities research analysts forecast that PowerSchool will post 0.61 earnings per share for the current year.

Insider Activity

In related news, CEO Hardeep Gulati sold 39,333 shares of the firm’s stock in a transaction on Monday, April 1st. The shares were sold at an average price of $20.89, for a total transaction of $821,666.37. Following the sale, the chief executive officer now owns 1,997,821 shares in the company, valued at $41,734,480.69. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In related news, CEO Hardeep Gulati sold 39,333 shares of the firm’s stock in a transaction on Monday, April 1st. The shares were sold at an average price of $20.89, for a total transaction of $821,666.37. Following the sale, the chief executive officer now owns 1,997,821 shares in the company, valued at $41,734,480.69. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CFO Eric Ryan Shander sold 3,047 shares of the firm’s stock in a transaction on Tuesday, March 5th. The shares were sold at an average price of $20.30, for a total transaction of $61,854.10. Following the sale, the chief financial officer now owns 492,191 shares in the company, valued at approximately $9,991,477.30. The disclosure for this sale can be found here. Insiders have sold 176,535 shares of company stock valued at $3,687,100 in the last ninety days. Insiders own 0.60% of the company’s stock.

Hedge Funds Weigh In On PowerSchool

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Wasatch Advisors LP lifted its holdings in PowerSchool by 12.7% during the first quarter. Wasatch Advisors LP now owns 3,932,460 shares of the company’s stock valued at $83,722,000 after purchasing an additional 442,340 shares in the last quarter. Allspring Global Investments Holdings LLC lifted its holdings in PowerSchool by 2.9% during the first quarter. Allspring Global Investments Holdings LLC now owns 420,370 shares of the company’s stock valued at $8,950,000 after purchasing an additional 11,721 shares in the last quarter. Park Place Capital Corp lifted its holdings in PowerSchool by 106.8% during the first quarter. Park Place Capital Corp now owns 1,497 shares of the company’s stock valued at $32,000 after purchasing an additional 773 shares in the last quarter. WoodTrust Financial Corp lifted its holdings in PowerSchool by 24.5% during the first quarter. WoodTrust Financial Corp now owns 31,500 shares of the company’s stock valued at $671,000 after purchasing an additional 6,200 shares in the last quarter. Finally, Harbour Capital Advisors LLC lifted its holdings in PowerSchool by 25.9% during the first quarter. Harbour Capital Advisors LLC now owns 41,596 shares of the company’s stock valued at $863,000 after purchasing an additional 8,560 shares in the last quarter. 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 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.