PowerSchool (NYSE:PWSC) PT Lowered to $20.00 at UBS Group

PowerSchool (NYSE:PWSC) had its target price decreased by equities researchers at UBS Group from $25.00 to $20.00 in a research note issued on Wednesday, Benzinga reports. The firm currently has a “neutral” rating on the stock. UBS Group’s target price would suggest a potential upside of 10.38% from the company’s current price.

Several other brokerages have also weighed in on PWSC. The Goldman Sachs Group increased their price objective on PowerSchool from $27.00 to $30.00 and gave the stock a “buy” rating in a research report on Tuesday, February 27th. Piper Sandler reissued an “overweight” rating and set a $29.00 price objective on shares of PowerSchool in a research report on Tuesday, April 23rd. Needham & Company LLC reaffirmed a “buy” rating and issued a $26.00 target price on shares of PowerSchool in a research report on Wednesday. Finally, TheStreet lowered shares of PowerSchool from a “b-” rating to a “c” rating in a research note on Monday, January 29th. One research analyst has rated the stock with a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat.com, PowerSchool has a consensus rating of “Moderate Buy” and a consensus target price of $26.00.

PowerSchool Trading Down 5.4 %

Shares of PWSC stock opened at $18.12 on Wednesday. The company has a current ratio of 0.30, a quick ratio of 0.30 and a debt-to-equity ratio of 0.46. PowerSchool has a twelve month low of $16.15 and a twelve month high of $25.16. The company’s 50-day moving average price is $19.65 and its 200-day moving average price is $21.72. The stock has a market cap of $3.67 billion, a price-to-earnings ratio of -95.37, a PEG ratio of 0.48 and a beta of 0.98.

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

Insiders Place Their Bets

In related news, CEO Hardeep Gulati sold 6,171 shares of the business’s stock in a transaction on Monday, April 8th. The stock was sold at an average price of $21.33, for a total transaction of $131,627.43. Following the completion of the transaction, the chief executive officer now directly owns 1,905,667 shares of the company’s stock, valued at approximately $40,647,877.11. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, CFO Eric Ryan Shander sold 3,280 shares of the firm’s stock in a transaction that occurred on Wednesday, April 3rd. The shares were sold at an average price of $20.65, for a total value of $67,732.00. Following the sale, the chief financial officer now owns 475,868 shares of the company’s stock, valued at $9,826,674.20. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CEO Hardeep Gulati sold 6,171 shares of the business’s stock in a transaction that occurred on Monday, April 8th. The stock was sold at an average price of $21.33, for a total transaction of $131,627.43. Following the transaction, the chief executive officer now owns 1,905,667 shares of the company’s stock, valued at approximately $40,647,877.11. The disclosure for this sale can be found here. Insiders have sold a total of 182,706 shares of company stock worth $3,818,727 in the last ninety days. 0.60% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On PowerSchool

Several institutional investors have recently modified their holdings of PWSC. Janney Capital Management LLC raised its stake in PowerSchool by 2.7% in the third quarter. Janney Capital Management LLC now owns 20,082 shares of the company’s stock valued at $455,000 after buying an additional 533 shares in the last quarter. Lord Abbett & CO. LLC lifted its stake in PowerSchool by 1.7% during the third quarter. Lord Abbett & CO. LLC now owns 34,776 shares of the company’s stock worth $788,000 after purchasing an additional 567 shares during the last quarter. Park Avenue Securities LLC boosted its holdings in PowerSchool by 6.3% in the first quarter. Park Avenue Securities LLC now owns 11,868 shares of the company’s stock valued at $253,000 after purchasing an additional 703 shares in the last quarter. Fifth Third Bancorp increased its stake in PowerSchool by 47.7% in the fourth quarter. Fifth Third Bancorp now owns 2,311 shares of the company’s stock valued at $54,000 after purchasing an additional 746 shares during the last quarter. Finally, Park Place Capital Corp raised its holdings in PowerSchool by 106.8% during the first quarter. Park Place Capital Corp now owns 1,497 shares of the company’s stock worth $32,000 after purchasing an additional 773 shares in the last quarter. 65.29% of the stock is 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.