PowerSchool (NYSE:PWSC) Sets New 1-Year Low at $16.15

PowerSchool Holdings, Inc. (NYSE:PWSC - Get Free Report) hit a new 52-week low on Tuesday . The company traded as low as $16.15 and last traded at $16.16, with a volume of 64879 shares traded. The stock had previously closed at $16.60.

Wall Street Analyst Weigh In

A number of equities analysts have commented on PWSC shares. TheStreet downgraded shares of PowerSchool from a "b-" rating to a "c" rating in a report on Monday, January 29th. Piper Sandler reaffirmed an "overweight" rating and issued a $29.00 price target on shares of PowerSchool in a report on Tuesday, April 23rd. Finally, 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. One research 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.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $27.67.

PowerSchool Trading Up 0.3 %

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 company has a market cap of $3.37 billion, a price-to-earnings ratio of -87.11, a P/E/G ratio of 0.48 and a beta of 0.98. The company's fifty day moving average is $19.84 and its two-hundred day moving average is $21.79.

PowerSchool (NYSE:PWSC - Get Free Report) last posted its quarterly earnings results on Monday, February 26th. The company reported $0.10 EPS 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 business had revenue of $182.14 million during the quarter, compared to analysts' expectations of $183.35 million. On average, research analysts anticipate that PowerSchool Holdings, Inc. will post 0.61 EPS for the current year.

Insiders Place Their Bets

In related news, CEO Hardeep Gulati sold 15,307 shares of the business's stock in a transaction on Monday, March 18th. The shares were sold at an average price of $20.75, for a total value of $317,620.25. Following the completion of the sale, the chief executive officer now owns 2,141,451 shares of the company's stock, valued at approximately $44,435,108.25. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other PowerSchool 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 transaction of $317,620.25. Following the completion of the sale, the chief executive officer now directly owns 2,141,451 shares in the company, valued at approximately $44,435,108.25. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, CRO Anthony Kender sold 6,809 shares of the firm's stock in a transaction that occurred on Tuesday, March 5th. The shares were sold at an average price of $20.30, for a total value of $138,222.70. Following the completion of the transaction, the executive now owns 202,356 shares in the company, valued at approximately $4,107,826.80. The disclosure for this sale can be found here. Over the last quarter, insiders sold 182,706 shares of company stock worth $3,818,727. Company insiders own 0.60% of the company's stock.

Hedge Funds Weigh In On PowerSchool

A number of institutional investors and hedge funds have recently bought and sold shares of PWSC. Sei Investments Co. lifted its position in PowerSchool by 99.8% during the first quarter. Sei Investments Co. now owns 564,622 shares of the company's stock worth $12,021,000 after buying an additional 282,095 shares in the last quarter. Oppenheimer Asset Management Inc. boosted its position in shares of PowerSchool by 58.7% during the 1st quarter. Oppenheimer Asset Management Inc. now owns 104,299 shares of the company's stock valued at $2,221,000 after acquiring an additional 38,582 shares during the last quarter. SG Americas Securities LLC purchased a new stake in shares of PowerSchool in the first quarter valued at about $108,000. Envestnet Portfolio Solutions Inc. acquired a new stake in PowerSchool during the first quarter worth about $271,000. Finally, Central Pacific Bank Trust Division purchased a new position in PowerSchool during the first quarter worth about $174,000. 65.29% of the stock is currently owned by institutional investors and hedge funds.

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.