PowerSchool (NYSE:PWSC) Shares Gap Down to $19.73

PowerSchool Holdings, Inc. (NYSE:PWSC - Get Free Report) gapped down prior to trading on Wednesday . The stock had previously closed at $19.73, but opened at $19.01. PowerSchool shares last traded at $17.81, with a volume of 1,934,849 shares changing hands.

Analyst Upgrades and Downgrades

PWSC has been the subject of a number of research analyst reports. TheStreet downgraded shares of PowerSchool from a "b-" rating to a "c" rating in a report on Monday, January 29th. The Goldman Sachs Group upped their price target on shares of PowerSchool from $27.00 to $30.00 and gave the company a "buy" rating in a report on Tuesday, February 27th. Finally, Piper Sandler restated an "overweight" rating and set a $29.00 price objective on shares of PowerSchool in a report on Wednesday, March 6th. One equities research analyst has rated the stock with a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $27.67.

PowerSchool Stock Down 9.8 %

The stock has a market cap of $3.60 billion, a P/E ratio of -93.63, a PEG ratio of 0.59 and a beta of 0.89. The company has a quick ratio of 0.30, a current ratio of 0.30 and a debt-to-equity ratio of 0.46. The business has a 50-day simple moving average of $21.58 and a 200-day simple moving average of $22.23.

PowerSchool (NYSE:PWSC - Get Free Report) last posted its quarterly earnings data 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). 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%. Analysts expect that PowerSchool Holdings, Inc. will post 0.61 EPS for the current year.

Insider Activity at PowerSchool

In related news, CMO Fred Studer sold 6,065 shares of the company'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 $123,119.50. Following the completion of the transaction, the chief marketing officer now directly owns 163,685 shares in the company, valued at $3,322,805.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other PowerSchool news, CTO Devendra Singh sold 2,775 shares of the stock in a transaction on Wednesday, April 3rd. The stock was sold at an average price of $20.65, for a total transaction of $57,303.75. Following the completion of the transaction, the chief technology officer now directly owns 327,712 shares in the company, valued at $6,767,252.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CMO Fred Studer sold 6,065 shares of the stock in a transaction on Tuesday, March 5th. The stock was sold at an average price of $20.30, for a total value of $123,119.50. Following the transaction, the chief marketing officer now owns 163,685 shares of the company's stock, valued at $3,322,805.50. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 176,535 shares of company stock worth $3,687,100. 0.60% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. Tower Research Capital LLC TRC increased its stake in shares of PowerSchool by 262.4% in the first quarter. Tower Research Capital LLC TRC now owns 1,348 shares of the company's stock valued at $27,000 after buying an additional 976 shares in the last quarter. Orion Capital Management LLC acquired a new stake in shares of PowerSchool in the third quarter valued at $32,000. Fifth Third Bancorp acquired a new stake in shares of PowerSchool in the third quarter valued at $35,000. Royal Bank of Canada increased its stake in shares of PowerSchool by 63.5% in the third quarter. Royal Bank of Canada now owns 2,135 shares of the company's stock valued at $35,000 after buying an additional 829 shares in the last quarter. Finally, International Assets Investment Management LLC boosted its holdings in PowerSchool by 3,244.4% in the fourth quarter. International Assets Investment Management LLC now owns 2,709 shares of the company's stock valued at $64,000 after acquiring an additional 2,628 shares during the last quarter. 65.29% of the stock is currently owned by institutional investors and hedge funds.

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.