Zacks Investment Research Upgrades PowerSchool (NYSE:PWSC) to Hold

Zacks Investment Research upgraded shares of PowerSchool (NYSE:PWSC) from a sell rating to a hold rating in a research note published on Wednesday morning, Zacks.com reports.

According to Zacks, “PowerSchool Holdings Inc. is a provider of cloud-based software for K-12 education principally in North America. PowerSchool Holdings Inc. is based in FOLSOM, Calif. “

A number of other equities analysts have also weighed in on the stock. The Goldman Sachs Group started coverage on shares of PowerSchool in a research report on Monday, December 13th. They issued a sell rating and a $17.00 price objective for the company. Jefferies Financial Group lowered their target price on shares of PowerSchool from $38.00 to $32.00 in a report on Thursday, January 6th. Barclays lowered their target price on shares of PowerSchool from $38.00 to $33.00 and set an overweight rating for the company in a report on Wednesday, October 13th. Finally, Piper Sandler lowered their target price on shares of PowerSchool from $38.00 to $36.00 and set an overweight rating for the company in a report on Thursday, November 11th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of Buy and an average price target of $30.44.

NYSE:PWSC opened at $13.46 on Wednesday. The firm has a 50 day moving average price of $18.80. The company has a quick ratio of 0.51, a current ratio of 0.51 and a debt-to-equity ratio of 0.43. PowerSchool has a 1-year low of $13.05 and a 1-year high of $36.56.

PowerSchool (NYSE:PWSC) last posted its quarterly earnings data on Wednesday, November 10th. The company reported ($0.06) earnings per share for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.17). The firm had revenue of $148.95 million for the quarter, compared to analyst estimates of $141.93 million. Research analysts anticipate that PowerSchool will post -0.02 earnings per share for the current fiscal year.

Several hedge funds have recently made changes to their positions in PWSC. Windacre Partnership LLC acquired a new stake in PowerSchool in the third quarter valued at $136,438,000. BlackRock Inc. acquired a new stake in PowerSchool in the third quarter valued at $68,009,000. Capital Research Global Investors acquired a new stake in PowerSchool in the third quarter valued at $55,373,000. TimesSquare Capital Management LLC acquired a new stake in PowerSchool in the third quarter valued at $53,076,000. Finally, Teacher Retirement System of Texas acquired a new stake in PowerSchool in the third quarter valued at $49,441,000. Institutional investors and hedge funds own 62.06% of the company’s stock.

About PowerSchool

PowerSchool Holdings Inc is a provider of cloud-based software for K-12 education principally in North America. PowerSchool Holdings Inc is based in FOLSOM, Calif.

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