PowerSchool (NYSE:PWSC) Price Target Increased to $28.00 by Analysts at Barclays

PowerSchool (NYSE:PWSC) had its price objective raised by Barclays from $26.00 to $28.00 in a research note issued to investors on Friday morning, Marketbeat reports. They currently have an overweight rating on the stock.

A number of other equities analysts have also weighed in on PWSC. Piper Sandler reiterated an overweight rating and issued a $27.00 price objective on shares of PowerSchool in a research report on Tuesday, August 8th. TheStreet upgraded shares of PowerSchool from a d rating to a c rating in a research report on Thursday, August 17th. Needham & Company LLC restated a buy rating and set a $26.00 target price on shares of PowerSchool in a research report on Tuesday, August 8th. Credit Suisse Group boosted their target price on shares of PowerSchool from $27.00 to $29.00 and gave the stock an outperform rating in a research report on Tuesday, August 8th. Finally, Raymond James boosted their target price on shares of PowerSchool from $23.00 to $25.00 and gave the stock an outperform rating in a research report on Tuesday, August 8th. One equities research analyst has rated the stock with a hold rating and ten have issued a buy rating to the company. According to MarketBeat, the company has a consensus rating of Moderate Buy and an average target price of $27.55.

PowerSchool Stock Performance

NYSE:PWSC opened at $22.38 on Friday. The firm’s fifty day moving average price is $22.19 and its 200 day moving average price is $20.22. PowerSchool has a 1-year low of $15.60 and a 1-year high of $26.05. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.47 and a quick ratio of 0.47. The firm has a market cap of $4.50 billion, a price-to-earnings ratio of -172.15 and a beta of 0.95.

PowerSchool (NYSE:PWSC) last posted its quarterly earnings data on Monday, August 7th. The company reported $0.14 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.14. PowerSchool had a negative net margin of 2.92% and a positive return on equity of 7.17%. The firm had revenue of $173.90 million for the quarter, compared to analyst estimates of $171.28 million. On average, sell-side analysts expect that PowerSchool will post 0.51 EPS for the current year.

Insider Buying and Selling

In related news, CMO Fred Studer sold 22,002 shares of the business’s stock in a transaction dated Wednesday, September 6th. The shares were sold at an average price of $22.78, for a total value of $501,205.56. Following the sale, the chief marketing officer now directly owns 198,237 shares in the company, valued at approximately $4,515,838.86. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In related news, CMO Fred Studer sold 22,002 shares of the business’s stock in a transaction dated Wednesday, September 6th. The shares were sold at an average price of $22.78, for a total value of $501,205.56. Following the completion of the transaction, the chief marketing officer now owns 198,237 shares of the company’s stock, valued at approximately $4,515,838.86. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Eric Ryan Shander sold 4,532 shares of the business’s stock in a transaction dated Wednesday, June 28th. The shares were sold at an average price of $19.01, for a total transaction of $86,153.32. Following the completion of the transaction, the chief financial officer now directly owns 200,623,713 shares of the company’s stock, valued at approximately $3,813,856,784.13. The disclosure for this sale can be found here. Insiders have sold 70,759 shares of company stock worth $1,441,039 in the last three months. Corporate insiders own 1.10% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Tower Research Capital LLC TRC raised its stake in PowerSchool by 262.4% in the 1st quarter. Tower Research Capital LLC TRC now owns 1,348 shares of the company’s stock valued at $27,000 after purchasing an additional 976 shares during the last quarter. Orion Capital Management LLC acquired a new position in shares of PowerSchool during the 1st quarter valued at about $28,000. Royal Bank of Canada increased its stake in shares of PowerSchool by 63.5% during the 3rd quarter. Royal Bank of Canada now owns 2,135 shares of the company’s stock valued at $35,000 after acquiring an additional 829 shares during the last quarter. Picton Mahoney Asset Management acquired a new position in shares of PowerSchool during the 2nd quarter valued at about $57,000. Finally, Allspring Global Investments Holdings LLC increased its stake in shares of PowerSchool by 62.7% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 3,792 shares of the company’s stock valued at $75,000 after acquiring an additional 1,461 shares during the last quarter. Institutional investors and hedge funds own 65.29% of the company’s stock.

About PowerSchool

PowerSchool Holdings, Inc, together with its subsidiaries, offers cloud-based software to the K-12 education market. Its solution embedded in school workflows and is used on daily basis by educators, students, administrators, and parents in schools and districts. In addition, the company provides cloud-based technology platform helps schools and districts manage state reporting and related compliance, special education, finance, human resource, talent, registration, attendance, funding, learning, instruction, behavior, grading, college and career readiness, assessments, and analytics.