PowerSchool Holdings, Inc. (NYSE:PWSC) Given Average Rating of “Hold” by Brokerages

Shares of PowerSchool Holdings, Inc. (NYSE:PWSC) have earned a consensus recommendation of “Hold” from the fourteen ratings firms that are presently covering the company, MarketBeat.com reports. Ten investment analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 12-month price objective among brokerages that have covered the stock in the last year is $24.52.

PWSC has been the subject of several research reports. Robert W. Baird reiterated a “neutral” rating and set a $23.00 price target (down from $26.00) on shares of PowerSchool in a report on Friday, June 7th. UBS Group reduced their price target on PowerSchool from $25.00 to $20.00 and set a “neutral” rating for the company in a report on Wednesday, May 8th. Cantor Fitzgerald restated a “neutral” rating and issued a $22.80 target price (down from $25.00) on shares of PowerSchool in a report on Friday, June 7th. Raymond James lowered PowerSchool from an “outperform” rating to a “market perform” rating in a report on Tuesday, June 11th. Finally, Needham & Company LLC reiterated a “hold” rating on shares of PowerSchool in a report on Friday, June 7th.

Insider Transactions at PowerSchool

In other news, CEO Hardeep Gulati sold 39,333 shares of the stock in a transaction on Monday, April 1st. The stock was 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other news, CFO Eric Ryan Shander sold 3,254 shares of the company’s stock in a transaction on Monday, April 1st. The stock was sold at an average price of $20.82, for a total transaction of $67,748.28. Following the transaction, the chief financial officer now owns 482,481 shares of the company’s stock, valued at $10,045,254.42. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Hardeep Gulati sold 39,333 shares of the company’s stock in a transaction on Monday, April 1st. The shares were sold at an average price of $20.89, for a total value of $821,666.37. Following the transaction, the chief executive officer now directly owns 1,997,821 shares in the company, valued at approximately $41,734,480.69. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 363,681 shares of company stock worth $7,768,077. Insiders own 0.60% of the company’s stock.

Hedge Funds Weigh In On PowerSchool

Several large investors have recently made changes to their positions in PWSC. Covestor Ltd lifted its stake in shares of PowerSchool by 353.4% during the first quarter. Covestor Ltd now owns 1,283 shares of the company’s stock valued at $27,000 after acquiring an additional 1,000 shares during the period. Orion Capital Management LLC acquired a new position in PowerSchool in the third quarter valued at about $32,000. Park Place Capital Corp lifted its stake in PowerSchool by 106.8% in the first quarter. Park Place Capital Corp now owns 1,497 shares of the company’s stock valued at $32,000 after buying an additional 773 shares during the period. Comerica Bank lifted its stake in PowerSchool by 111.8% in the first quarter. Comerica Bank now owns 1,493 shares of the company’s stock valued at $32,000 after buying an additional 788 shares during the period. Finally, Fifth Third Bancorp lifted its stake in PowerSchool by 47.7% in the fourth quarter. Fifth Third Bancorp now owns 2,311 shares of the company’s stock valued at $54,000 after buying an additional 746 shares during the period. Institutional investors and hedge funds own 65.29% of the company’s stock.

PowerSchool Trading Down 0.4 %

NYSE:PWSC opened at $22.39 on Friday. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.24 and a quick ratio of 0.24. PowerSchool has a fifty-two week low of $16.15 and a fifty-two week high of $25.16. The stock’s 50-day moving average is $20.23 and its two-hundred day moving average is $21.65. The stock has a market cap of $4.56 billion, a PE ratio of -93.29 and a beta of 1.06.

PowerSchool (NYSE:PWSC) last released its earnings results on Tuesday, May 7th. The company reported $0.10 earnings per share for the quarter, missing the consensus estimate of $0.13 by ($0.03). PowerSchool had a negative net margin of 5.37% and a positive return on equity of 6.13%. The business had revenue of $184.97 million for the quarter, compared to analysts’ expectations of $184.45 million. As a group, equities research analysts forecast that PowerSchool will post 0.5 earnings per share for the current fiscal year.

PowerSchool Company Profile

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.