PowerSchool’s (PWSC) “Overweight” Rating Reiterated at Piper Sandler

Piper Sandler reiterated their overweight rating on shares of PowerSchool (NYSE:PWSC) in a research note published on Tuesday morning, Benzinga reports. The firm currently has a $29.00 target price on the stock.

Several other equities analysts also recently commented on the company. The Goldman Sachs Group upped their target price on PowerSchool from $27.00 to $30.00 and gave the company a buy rating in a research report on Tuesday, February 27th. TheStreet downgraded PowerSchool from a b- rating to a c rating in a research report on Monday, January 29th. One analyst has rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of Moderate Buy and an average target price of $27.67.

PowerSchool Stock Performance

NYSE:PWSC opened at $17.38 on Tuesday. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.30 and a current ratio of 0.30. The stock’s 50 day moving average price is $20.75 and its two-hundred day moving average price is $22.03. PowerSchool has a 12-month low of $16.41 and a 12-month high of $25.16.

PowerSchool (NYSE:PWSC) last released its quarterly earnings data on Monday, February 26th. The company reported $0.10 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.12 by ($0.02). The business 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%. On average, equities research analysts predict that PowerSchool will post 0.61 EPS for the current year.

Insider Buying and Selling

In related news, CRO Anthony Kender sold 6,809 shares of the stock in a transaction that occurred 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 sale, the executive now owns 202,356 shares of the company’s stock, valued at $4,107,826.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other PowerSchool news, CRO Anthony Kender sold 6,809 shares of the firm’s stock in a transaction 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 sale, the executive now owns 202,356 shares of the company’s stock, valued at approximately $4,107,826.80. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Hardeep Gulati sold 21,900 shares of the firm’s stock in a transaction on Friday, April 5th. The shares were sold at an average price of $21.06, for a total value of $461,214.00. Following the completion of the sale, the chief executive officer now directly owns 1,911,838 shares in the company, valued at approximately $40,263,308.28. The disclosure for this sale can be found here. Insiders have sold 176,535 shares of company stock valued at $3,687,100 over the last 90 days. 0.60% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. IQ EQ FUND MANAGEMENT IRELAND Ltd lifted its stake in shares of PowerSchool by 2.4% in the 3rd quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd now owns 19,512 shares of the company’s stock valued at $442,000 after acquiring an additional 465 shares during the last quarter. Janney Capital Management LLC raised its position in PowerSchool by 2.7% during the 3rd quarter. Janney Capital Management LLC now owns 20,082 shares of the company’s stock worth $455,000 after purchasing an additional 533 shares during the last quarter. Lord Abbett & CO. LLC raised its position in PowerSchool by 1.7% during the 3rd 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 raised its position in PowerSchool by 6.3% during the 1st quarter. Park Avenue Securities LLC now owns 11,868 shares of the company’s stock worth $253,000 after purchasing an additional 703 shares during the last quarter. Finally, Fifth Third Bancorp raised its position in PowerSchool by 47.7% during the 4th quarter. Fifth Third Bancorp now owns 2,311 shares of the company’s stock worth $54,000 after purchasing an additional 746 shares during the last quarter. 65.29% of the stock is currently 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.