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

PowerSchool (NYSE:PWSC)‘s stock had its “buy” rating reaffirmed by equities research analysts at Needham & Company LLC in a research note issued to investors on Wednesday, Benzinga reports. They presently have a $26.00 price target on the stock. Needham & Company LLC’s price target points to a potential upside of 56.16% from the stock’s previous close.

Other equities analysts have also issued reports about the stock. The Goldman Sachs Group lifted their price objective on shares of PowerSchool from $27.00 to $30.00 and gave the company a “buy” rating in a report on Tuesday, February 27th. Piper Sandler reiterated an “overweight” rating and set a $29.00 price objective on shares of PowerSchool in a research note on Tuesday, April 23rd. Finally, TheStreet downgraded 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 issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $27.67.

PowerSchool Price Performance

Shares of PWSC stock opened at $16.65 on Wednesday. The company’s 50-day simple moving average is $19.74 and its two-hundred day simple moving average is $21.77. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.30 and a quick ratio of 0.30. PowerSchool has a one year low of $16.15 and a one year high of $25.16. The company has a market capitalization of $3.37 billion, a P/E ratio of -87.63, a P/E/G ratio of 0.48 and a beta of 0.98.

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

Insider Buying and Selling at PowerSchool

In other news, CMO Fred Studer sold 6,065 shares of PowerSchool stock in a transaction that occurred on Tuesday, March 5th. The shares were sold at an average price of $20.30, for a total transaction of $123,119.50. Following the completion of the transaction, the chief marketing officer now directly owns 163,685 shares of the company’s stock, valued at approximately $3,322,805.50. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In other news, CEO Hardeep Gulati sold 6,171 shares of the company’s stock in a transaction that occurred on Monday, April 8th. The stock was sold at an average price of $21.33, for a total transaction of $131,627.43. Following the completion of the transaction, the chief executive officer now directly owns 1,905,667 shares of the company’s stock, valued at approximately $40,647,877.11. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CMO Fred Studer sold 6,065 shares of PowerSchool stock in a transaction on Tuesday, March 5th. The shares were sold at an average price of $20.30, for a total transaction of $123,119.50. Following the completion of the sale, the chief marketing officer now directly owns 163,685 shares in the company, valued at approximately $3,322,805.50. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 182,706 shares of company stock valued at $3,818,727. 0.60% of the stock is owned by company insiders.

Hedge Funds Weigh In On PowerSchool

Several hedge funds and other institutional investors have recently added to or reduced their stakes in PWSC. Vanguard Group Inc. grew its stake in PowerSchool by 38.3% during the 4th quarter. Vanguard Group Inc. now owns 9,511,416 shares of the company’s stock valued at $224,089,000 after acquiring an additional 2,634,169 shares in the last quarter. Wellington Management Group LLP grew its position in shares of PowerSchool by 8.9% in the third quarter. Wellington Management Group LLP now owns 7,101,238 shares of the company’s stock valued at $160,914,000 after purchasing an additional 580,969 shares in the last quarter. Wasatch Advisors LP increased its holdings 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 valued at $83,722,000 after purchasing an additional 442,340 shares during the last quarter. Blair William & Co. IL boosted its stake in PowerSchool by 8.1% during the third quarter. Blair William & Co. IL now owns 3,310,993 shares of the company’s stock worth $75,027,000 after buying an additional 248,612 shares during the last quarter. Finally, Riverbridge Partners LLC boosted its stake in PowerSchool by 59.5% during the first quarter. Riverbridge Partners LLC now owns 2,508,871 shares of the company’s stock worth $53,414,000 after buying an additional 935,648 shares during 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.