PowerSchool (NYSE:PWSC) Receives Overweight Rating from Piper Sandler

Piper Sandler reaffirmed their overweight rating on shares of PowerSchool (NYSE:PWSC) in a research note released on Tuesday, Benzinga reports. Piper Sandler currently has a $29.00 price target on the stock.

A number of other research firms have also weighed in on PWSC. TheStreet lowered shares of PowerSchool from a b- rating to a c rating in a report on Monday, January 29th. The Goldman Sachs Group raised their target price on PowerSchool from $27.00 to $30.00 and gave the company a buy rating in a research note on Tuesday, February 27th. One investment analyst has rated the stock with a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of Moderate Buy and an average price target of $27.67.

PowerSchool Trading Up 1.1 %

Shares of PWSC opened at $17.57 on Tuesday. PowerSchool has a 12 month low of $16.41 and a 12 month high of $25.16. The stock’s 50-day moving average is $20.60 and its two-hundred day moving average is $21.99. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.30 and a quick ratio of 0.30. The stock has a market cap of $3.56 billion, a PE ratio of -92.47, a P/E/G ratio of 0.51 and a beta of 0.89.

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

Insider Activity

In other PowerSchool news, CFO Eric Ryan Shander sold 3,047 shares of the stock in a transaction that occurred on Tuesday, March 5th. The stock was sold at an average price of $20.30, for a total transaction of $61,854.10. Following the transaction, the chief financial officer now owns 492,191 shares of the company’s stock, valued at approximately $9,991,477.30. The transaction was disclosed in a document filed with the SEC, which is available at this link. In related news, CEO Hardeep Gulati sold 15,307 shares of the stock in a transaction dated Monday, March 18th. The shares were sold at an average price of $20.75, for a total transaction of $317,620.25. Following the sale, the chief executive officer now owns 2,141,451 shares in the company, valued at $44,435,108.25. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Eric Ryan Shander sold 3,047 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 value of $61,854.10. Following the completion of the transaction, the chief financial officer now owns 492,191 shares of the company’s stock, valued at $9,991,477.30. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 176,535 shares of company stock worth $3,687,100. 0.60% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the stock. Orion Capital Management LLC acquired a new position in shares of PowerSchool during the third quarter valued at $32,000. Park Place Capital Corp boosted its stake in PowerSchool by 106.8% during the 1st quarter. Park Place Capital Corp now owns 1,497 shares of the company’s stock valued at $32,000 after purchasing an additional 773 shares during the period. Fifth Third Bancorp bought a new position in PowerSchool in the 3rd quarter worth about $35,000. International Assets Investment Management LLC increased its stake in shares of PowerSchool by 3,244.4% in the fourth quarter. International Assets Investment Management LLC now owns 2,709 shares of the company’s stock valued at $64,000 after purchasing an additional 2,628 shares during the period. Finally, Sentry Investment Management LLC bought a new stake in shares of PowerSchool during the fourth quarter valued at approximately $120,000. 65.29% of the stock is currently owned by 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.