Analysts Set PowerSchool Holdings, Inc. (NYSE:PWSC) Price Target at $24.52

PowerSchool Holdings, Inc. (NYSE:PWSC) has earned an average recommendation of “Hold” from the fourteen research firms that are presently covering the company, MarketBeat.com reports. Ten equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 1-year price objective among brokers that have issued a report on the stock in the last year is $24.52.

Several equities research analysts have recently weighed in on PWSC shares. Barclays reduced their price objective on PowerSchool from $28.00 to $23.00 and set an “overweight” rating for the company in a research note on Wednesday, May 8th. Robert W. Baird reissued a “neutral” rating and issued a $23.00 price target (down previously from $26.00) on shares of PowerSchool in a research note on Friday, June 7th. UBS Group reduced their price objective on shares of PowerSchool from $25.00 to $20.00 and set a “neutral” rating for the company in a research note on Wednesday, May 8th. Cantor Fitzgerald reissued a “neutral” rating and issued a $22.80 target price (down from $25.00) on shares of PowerSchool in a research report on Friday, June 7th. Finally, Macquarie lowered shares of PowerSchool from an “outperform” rating to a “neutral” rating and set a $22.80 price target on the stock. in a report on Monday, June 10th.

PowerSchool Price Performance

Shares of PowerSchool stock opened at $22.57 on Thursday. PowerSchool has a 1-year low of $16.15 and a 1-year high of $25.16. The company has a market capitalization of $4.60 billion, a P/E ratio of -94.02 and a beta of 1.06. The business’s fifty day moving average price is $22.15 and its two-hundred day moving average price is $21.50. 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 (NYSE:PWSC) last released its earnings results on Tuesday, May 7th. The company reported $0.10 earnings per share for the quarter, missing analysts’ consensus estimates of $0.13 by ($0.03). PowerSchool had a positive return on equity of 6.13% and a negative net margin of 5.37%. The firm had revenue of $184.97 million during the quarter, compared to analyst estimates of $184.45 million. As a group, research analysts forecast that PowerSchool will post 0.5 EPS for the current year.

Insider Buying and Selling

In other PowerSchool news, insider Shivani Stumpf sold 1,295 shares of the business’s stock in a transaction dated Thursday, June 20th. The stock was sold at an average price of $22.33, for a total value of $28,917.35. Following the transaction, the insider now owns 289,555 shares in the company, valued at $6,465,763.15. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, insider Shivani Stumpf sold 1,295 shares of the company’s stock in a transaction on Thursday, June 20th. The shares were sold at an average price of $22.33, for a total value of $28,917.35. Following the completion of the sale, the insider now directly owns 289,555 shares in the company, valued at $6,465,763.15. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CRO Anthony Kender sold 6,165 shares of the company’s stock in a transaction dated Wednesday, June 5th. The stock was sold at an average price of $22.23, for a total value of $137,047.95. Following the sale, the executive now owns 253,607 shares of the company’s stock, valued at approximately $5,637,683.61. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 331,708 shares of company stock worth $7,195,695. Corporate insiders own 0.60% of the company’s stock.

Institutional Trading of PowerSchool

A number of hedge funds have recently bought and sold shares of PWSC. Vanguard Group Inc. raised its holdings in PowerSchool by 38.3% in the 4th quarter. Vanguard Group Inc. now owns 9,511,416 shares of the company’s stock valued at $224,089,000 after acquiring an additional 2,634,169 shares in the last quarter. Riverbridge Partners LLC lifted its position in PowerSchool by 59.5% in the first quarter. Riverbridge Partners LLC now owns 2,508,871 shares of the company’s stock worth $53,414,000 after purchasing an additional 935,648 shares during the period. Blair William & Co. IL boosted its stake in PowerSchool by 17.8% during the first quarter. Blair William & Co. IL now owns 3,946,379 shares of the company’s stock worth $84,018,000 after buying an additional 597,521 shares in the last quarter. Wasatch Advisors LP increased its holdings in PowerSchool by 12.7% in the 1st quarter. Wasatch Advisors LP now owns 3,932,460 shares of the company’s stock valued at $83,722,000 after buying an additional 442,340 shares during the period. Finally, Goldman Sachs Group Inc. raised its stake in shares of PowerSchool by 37.7% in the 4th quarter. Goldman Sachs Group Inc. now owns 1,391,055 shares of the company’s stock valued at $32,773,000 after buying an additional 380,586 shares in the last quarter. 65.29% of the stock is owned by institutional investors.

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.