PowerSchool (NYSE:PWSC) Sees Unusually-High Trading Volume

Shares of PowerSchool Holdings, Inc. (NYSE:PWSC) saw an uptick in trading volume on Thursday . 513,886 shares changed hands during mid-day trading, a decline of 25% from the previous session’s volume of 684,098 shares.The stock last traded at $16.69 and had previously closed at $16.83.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on PWSC. TheStreet lowered PowerSchool from a “b-” rating to a “c” rating in a research note on Monday, January 29th. Piper Sandler restated an “overweight” rating and issued a $29.00 price objective on shares of PowerSchool in a report on Tuesday, April 23rd. Finally, The Goldman Sachs Group lifted their target price on shares of PowerSchool from $27.00 to $30.00 and gave the stock a “buy” rating in a report 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’s stock. According to data from MarketBeat, PowerSchool presently has a consensus rating of “Moderate Buy” and an average target price of $27.67.

PowerSchool Trading Down 0.2 %

The company’s fifty day simple moving average is $20.22 and its two-hundred day simple moving average is $21.89. The company has a market capitalization of $3.40 billion, a price-to-earnings ratio of -88.74, a price-to-earnings-growth ratio of 0.50 and a beta of 0.98. The company has a quick ratio of 0.30, a current ratio of 0.30 and a debt-to-equity ratio of 0.46.

PowerSchool (NYSE:PWSC) last released its quarterly earnings data on Monday, February 26th. The company reported $0.10 EPS for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.02). The firm had revenue of $182.14 million during 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%. Research analysts forecast that PowerSchool Holdings, Inc. will post 0.61 earnings per share for the current fiscal year.

Insider Transactions at PowerSchool

In related news, CEO Hardeep Gulati sold 15,307 shares of the business’s stock in a transaction that occurred on Monday, March 18th. The stock was sold at an average price of $20.75, for a total value of $317,620.25. Following the completion of the transaction, the chief executive officer now directly owns 2,141,451 shares in the company, valued at approximately $44,435,108.25. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other PowerSchool news, CTO Devendra Singh sold 2,775 shares of PowerSchool stock in a transaction dated Wednesday, April 3rd. The stock was sold at an average price of $20.65, for a total value of $57,303.75. Following the sale, the chief technology officer now owns 327,712 shares of the company’s stock, valued at approximately $6,767,252.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Hardeep Gulati sold 15,307 shares of the company’s stock in a transaction dated Monday, March 18th. The stock was sold at an average price of $20.75, for a total value of $317,620.25. Following the transaction, the chief executive officer now directly owns 2,141,451 shares of the company’s stock, valued at $44,435,108.25. The disclosure for this sale can be found here. Insiders have sold a total of 182,706 shares of company stock valued at $3,818,727 over the last 90 days. 0.60% of the stock is owned by company insiders.

Institutional Investors Weigh In On PowerSchool

A number of hedge funds and other institutional investors have recently bought and sold shares of PWSC. Orion Capital Management LLC bought a new position in shares of PowerSchool during the 3rd quarter worth approximately $32,000. Park Place Capital Corp grew its position in PowerSchool by 106.8% in the first 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 in the last quarter. Fifth Third Bancorp acquired a new stake in PowerSchool in the 3rd quarter valued at $35,000. International Assets Investment Management LLC lifted its position in 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 buying an additional 2,628 shares in the last quarter. Finally, Sentry Investment Management LLC bought a new stake in PowerSchool during the 4th quarter worth about $120,000. Institutional investors and hedge funds own 65.29% of the company’s stock.

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.