PowerSchool (NYSE:PWSC) Shares Gap Up to $16.64

PowerSchool Holdings, Inc. (NYSE:PWSC)’s share price gapped up prior to trading on Wednesday . The stock had previously closed at $16.64, but opened at $20.80. PowerSchool shares last traded at $20.06, with a volume of 2,312,917 shares.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on PWSC shares. Piper Sandler reissued an “overweight” rating and set a $29.00 price target on shares of PowerSchool in a report on Tuesday, April 23rd. Needham & Company LLC reissued a “buy” rating and issued a $26.00 price target on shares of PowerSchool in a report on Wednesday. TheStreet cut shares of PowerSchool from a “b-” rating to a “c” rating in a research note on Monday, January 29th. The Goldman Sachs Group lifted their target price on PowerSchool from $27.00 to $30.00 and gave the stock a “buy” rating in a report on Tuesday, February 27th. Finally, UBS Group dropped their price target on PowerSchool from $25.00 to $20.00 and set a “neutral” rating for the company in a research note on Wednesday. One analyst has rated the stock with a hold rating and nine have given 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 $27.11.

PowerSchool Price Performance

The firm has a market cap of $3.88 billion, a P/E ratio of -105.16, a PEG ratio of 0.48 and a beta of 0.98. 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’s 50-day simple moving average is $19.74 and its two-hundred day simple moving average is $21.77.

PowerSchool (NYSE:PWSC) last issued 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). 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%. Equities research analysts forecast that PowerSchool Holdings, Inc. will post 0.61 earnings per share for the current fiscal year.

Insider Transactions at PowerSchool

In other news, CRO Anthony Kender sold 6,809 shares of PowerSchool stock in a transaction on Tuesday, March 5th. The stock was sold at an average price of $20.30, for a total transaction of $138,222.70. Following the completion of the sale, the executive now directly owns 202,356 shares in the company, valued at $4,107,826.80. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In related news, CRO Anthony Kender sold 6,809 shares of the business’s stock in a transaction that occurred on Tuesday, March 5th. The stock was sold at an average price of $20.30, for a total value of $138,222.70. Following the completion of the sale, the executive now owns 202,356 shares in the company, valued at $4,107,826.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Hardeep Gulati sold 1,400 shares of the company’s stock in a transaction on Monday, March 25th. The stock was sold at an average price of $21.04, for a total value of $29,456.00. Following the completion of the sale, the chief executive officer now owns 2,059,216 shares of the company’s stock, valued at $43,325,904.64. The disclosure for this sale can be found here. Over the last three months, insiders have sold 182,706 shares of company stock worth $3,818,727. 0.60% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in PWSC. Orion Capital Management LLC bought a new stake in PowerSchool during the third quarter valued at about $32,000. Park Place Capital Corp boosted its holdings in shares of PowerSchool by 106.8% in the 1st 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 in the last quarter. Fifth Third Bancorp bought a new stake in shares of PowerSchool in the 3rd quarter valued at about $35,000. International Assets Investment Management LLC raised its stake in shares of PowerSchool by 3,244.4% during the 4th quarter. International Assets Investment Management LLC now owns 2,709 shares of the company’s stock worth $64,000 after acquiring an additional 2,628 shares in the last quarter. Finally, SG Americas Securities LLC bought a new position in shares of PowerSchool during the 1st quarter worth approximately $108,000. 65.29% of the stock is currently 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.