PowerSchool (PWSC) – Investment Analysts’ Recent Ratings Changes

Several analysts have recently updated their ratings and price targets for PowerSchool (NYSE: PWSC):

• 5/9/2024 – PowerSchool had its “overweight” rating reaffirmed by analysts at Cantor Fitzgerald. They now have a $25.00 price target on the stock.
• 5/8/2024 – PowerSchool had its price target lowered by analysts at Barclays PLC from $28.00 to $23.00. They now have an “overweight” rating on the stock.
• 5/8/2024 – PowerSchool had its price target lowered by analysts at UBS Group AG from $25.00 to $20.00. They now have a “neutral” rating on the stock.
• 5/8/2024 – PowerSchool had its “buy” rating reaffirmed by analysts at Needham & Company LLC. They now have a $26.00 price target on the stock.
• 4/23/2024 – PowerSchool had its “overweight” rating reaffirmed by analysts at Piper Sandler. They now have a $29.00 price target on the stock.

PowerSchool Stock Performance

Shares of NYSE PWSC traded down $1.03 during mid-day trading on Thursday, reaching $18.12. 3,319,349 shares of the company’s stock were exchanged, compared to its average volume of 839,869. The firm has a market capitalization of $3.67 billion, a price-to-earnings ratio of -95.37, a price-to-earnings-growth ratio of 0.48 and a beta of 0.98. The firm has a 50-day moving average price of $19.70 and a two-hundred day moving average price of $21.75. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.30 and a quick ratio of 0.30. PowerSchool Holdings, Inc. has a 52 week low of $16.15 and a 52 week high of $25.16.

PowerSchool (NYSE:PWSC) last announced its earnings results on Monday, February 26th. The company reported $0.10 earnings per share for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.02). The company 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%. Analysts predict that PowerSchool Holdings, Inc. will post 0.61 EPS for the current year.

Insider Buying and Selling at PowerSchool

In other PowerSchool news, CFO Eric Ryan Shander sold 3,047 shares of PowerSchool stock in a transaction 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 sale, the chief financial officer now directly owns 492,191 shares in the company, valued at approximately $9,991,477.30. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In related news, CFO Eric Ryan Shander sold 3,047 shares of PowerSchool stock in a transaction dated Tuesday, March 5th. The shares were sold at an average price of $20.30, for a total transaction of $61,854.10. Following the completion of the transaction, the chief financial officer now directly owns 492,191 shares of the company’s stock, valued at approximately $9,991,477.30. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Hardeep Gulati sold 6,171 shares of the company’s stock in a transaction on Monday, April 8th. The shares were sold at an average price of $21.33, for a total value of $131,627.43. Following the completion of the transaction, the chief executive officer now directly owns 1,905,667 shares in the company, valued at approximately $40,647,877.11. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 182,706 shares of company stock valued at $3,818,727. Insiders own 0.60% of the company’s stock.

Hedge Funds Weigh In On PowerSchool

Several hedge funds and other institutional investors have recently modified their holdings of PWSC. Mackenzie Financial Corp lifted its stake in PowerSchool by 2.8% during the 4th quarter. Mackenzie Financial Corp now owns 1,823,474 shares of the company’s stock valued at $42,961,000 after acquiring an additional 50,094 shares during the period. Riverbridge Partners LLC boosted its holdings in PowerSchool by 6.7% in the fourth quarter. Riverbridge Partners LLC now owns 1,552,773 shares of the company’s stock valued at $36,583,000 after purchasing an additional 97,643 shares during the last quarter. Charles Schwab Investment Management Inc. grew its position in PowerSchool by 30.2% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 439,430 shares of the company’s stock worth $9,957,000 after purchasing an additional 101,955 shares during the period. Allspring Global Investments Holdings LLC raised its stake in shares of PowerSchool by 27.0% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 419,595 shares of the company’s stock valued at $9,508,000 after buying an additional 89,213 shares during the last quarter. Finally, Bank of New York Mellon Corp lifted its holdings in shares of PowerSchool by 13.8% in the 3rd quarter. Bank of New York Mellon Corp now owns 234,131 shares of the company’s stock valued at $5,305,000 after buying an additional 28,454 shares during the period. 65.29% of the stock is owned by hedge funds and other institutional investors.

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.