PowerSchool (NYSE:PWSC) PT Lowered to $23.00 at Barclays

PowerSchool (NYSE:PWSC) had its price objective decreased by investment analysts at Barclays from $28.00 to $23.00 in a research note issued on Wednesday, Benzinga reports. The brokerage presently has an “overweight” rating on the stock. Barclays‘s target price would indicate a potential upside of 19.29% from the company’s current price.

Other equities analysts have also recently issued research reports about the stock. Needham & Company LLC restated a “buy” rating and set a $26.00 target price on shares of PowerSchool in a research report on Wednesday. The Goldman Sachs Group lifted their target price on PowerSchool from $27.00 to $30.00 and gave the stock a “buy” rating in a research report on Tuesday, February 27th. TheStreet lowered PowerSchool from a “b-” rating to a “c” rating in a report on Monday, January 29th. UBS Group cut their price objective on PowerSchool from $25.00 to $20.00 and set a “neutral” rating for the company in a research report on Wednesday. Finally, Piper Sandler reiterated an “overweight” rating and issued a $29.00 price objective on shares of PowerSchool in a report on Tuesday, April 23rd. One investment analyst has rated the stock with a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat, PowerSchool currently has a consensus rating of “Moderate Buy” and a consensus target price of $26.56.

PowerSchool Stock Performance

PowerSchool stock traded up $2.64 during midday trading on Wednesday, hitting $19.28. 6,256,217 shares of the company were exchanged, compared to its average volume of 777,295. PowerSchool has a fifty-two week low of $16.15 and a fifty-two week 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 market capitalization of $3.91 billion, a PE ratio of -100.89, a price-to-earnings-growth ratio of 0.48 and a beta of 0.98. The business has a fifty day simple moving average of $19.74 and a two-hundred day simple moving average of $21.77.

PowerSchool (NYSE:PWSC) last released its 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). The business had revenue of $182.14 million for the quarter, compared to analyst estimates of $183.35 million. PowerSchool had a positive return on equity of 6.08% and a negative net margin of 4.46%. On average, sell-side analysts forecast that PowerSchool will post 0.61 earnings per share for the current year.

Insider Activity at PowerSchool

In other news, CRO Anthony Kender sold 6,809 shares of the stock in a transaction dated Tuesday, March 5th. The shares were sold at an average price of $20.30, for a total transaction of $138,222.70. Following the completion of the transaction, the executive now directly owns 202,356 shares in the company, valued at approximately $4,107,826.80. The transaction was disclosed in a document filed with the SEC, which is available at this link. In other news, CRO Anthony Kender sold 6,809 shares of the business’s stock in a transaction on Tuesday, March 5th. The stock was sold at an average price of $20.30, for a total transaction of $138,222.70. Following the completion of the transaction, the executive now owns 202,356 shares of the company’s stock, valued at approximately $4,107,826.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Hardeep Gulati sold 39,333 shares of the company’s stock in a transaction dated Monday, April 1st. The stock was sold at an average price of $20.89, for a total value of $821,666.37. Following the completion of the transaction, the chief executive officer now directly owns 1,997,821 shares of the company’s stock, valued at approximately $41,734,480.69. The disclosure for this sale can be found here. Insiders sold a total of 182,706 shares of company stock valued at $3,818,727 over the last quarter. Corporate insiders own 0.60% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Mackenzie Financial Corp boosted its stake in shares of PowerSchool by 2.8% in 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 in the last quarter. Riverbridge Partners LLC raised its position in shares of PowerSchool by 6.7% during the fourth quarter. Riverbridge Partners LLC now owns 1,552,773 shares of the company’s stock valued at $36,583,000 after buying an additional 97,643 shares during the last quarter. Charles Schwab Investment Management Inc. increased its holdings in shares of PowerSchool by 30.2% during the third quarter. Charles Schwab Investment Management Inc. now owns 439,430 shares of the company’s stock valued at $9,957,000 after acquiring an additional 101,955 shares in the last quarter. Allspring Global Investments Holdings LLC increased its holdings in shares of PowerSchool by 27.0% during the third quarter. Allspring Global Investments Holdings LLC now owns 419,595 shares of the company’s stock valued at $9,508,000 after acquiring an additional 89,213 shares in the last quarter. Finally, Bank of New York Mellon Corp lifted its holdings in shares of PowerSchool by 13.8% in the 3rd quarter. Bank of New York Mellon Corp now owns 234,131 shares of the company’s stock valued at $5,305,000 after buying an additional 28,454 shares during the period. 65.29% of the stock is currently 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.