PowerSchool (NYSE:PWSC) Shares Gap Up to $16.64

PowerSchool Holdings, Inc. (NYSE:PWSC - Get Free Report) shares gapped up before the market opened on Wednesday . The stock had previously closed at $16.64, but opened at $20.80. PowerSchool shares last traded at $20.06, with a volume of 2,312,917 shares traded.

Analyst Ratings Changes

A number of research analysts have weighed in on the company. The Goldman Sachs Group raised their price objective on PowerSchool from $27.00 to $30.00 and gave the company a "buy" rating in a report on Tuesday, February 27th. UBS Group decreased their price target on shares of PowerSchool from $25.00 to $20.00 and set a "neutral" rating on the stock in a research note on Wednesday. Needham & Company LLC reaffirmed a "buy" rating and set a $26.00 price objective on shares of PowerSchool in a research note on Wednesday. Barclays decreased their target price on shares of PowerSchool from $28.00 to $23.00 and set an "overweight" rating on the stock in a research note on Wednesday. Finally, TheStreet lowered PowerSchool from a "b-" rating to a "c" rating in a research report on Monday, January 29th. One investment analyst has rated the stock with a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat, PowerSchool currently has a consensus rating of "Moderate Buy" and a consensus target price of $26.56.

PowerSchool Stock Up 15.1 %

The firm has a 50-day moving average of $19.74 and a two-hundred day moving average of $21.77. 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 company has a market capitalization of $3.88 billion, a PE ratio of -100.89, a price-to-earnings-growth ratio of 0.48 and a beta of 0.98.

PowerSchool (NYSE:PWSC - Get Free Report) last released its quarterly 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 business had revenue of $182.14 million for the quarter, compared to analysts' expectations of $183.35 million. PowerSchool had a positive return on equity of 6.08% and a negative net margin of 4.46%. Equities research analysts predict that PowerSchool Holdings, Inc. will post 0.61 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, CMO Fred Studer sold 6,065 shares of the company'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 $123,119.50. Following the transaction, the chief marketing officer now directly owns 163,685 shares in the company, valued at approximately $3,322,805.50. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other PowerSchool news, CEO Hardeep Gulati sold 15,307 shares of PowerSchool stock in a transaction dated Monday, March 18th. The stock was sold at an average price of $20.75, for a total value of $317,620.25. Following the completion of the transaction, the chief executive officer now directly owns 2,141,451 shares of the company's stock, valued at approximately $44,435,108.25. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CMO Fred Studer sold 6,065 shares of the business's stock in a transaction dated Tuesday, March 5th. The stock was sold at an average price of $20.30, for a total transaction of $123,119.50. Following the sale, the chief marketing officer now owns 163,685 shares in the company, valued at $3,322,805.50. The disclosure for this sale can be found here. Insiders sold a total of 182,706 shares of company stock valued at $3,818,727 over the last 90 days. 0.60% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in PWSC. Bank of New York Mellon Corp increased its holdings in PowerSchool by 13.8% during the 3rd quarter. Bank of New York Mellon Corp now owns 234,131 shares of the company's stock worth $5,305,000 after purchasing an additional 28,454 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of PowerSchool by 42.2% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 10,913 shares of the company's stock worth $247,000 after purchasing an additional 3,240 shares in the last quarter. Allspring Global Investments Holdings LLC grew its stake in shares of PowerSchool by 27.0% during the third quarter. Allspring Global Investments Holdings LLC now owns 419,595 shares of the company's stock worth $9,508,000 after purchasing an additional 89,213 shares in the last quarter. CHICAGO TRUST Co NA raised its stake in PowerSchool by 25.4% in the third quarter. CHICAGO TRUST Co NA now owns 14,805 shares of the company's stock valued at $335,000 after buying an additional 3,000 shares in the last quarter. Finally, Y.D. More Investments Ltd lifted its holdings in PowerSchool by 112.2% during the 3rd quarter. Y.D. More Investments Ltd now owns 103,221 shares of the company's stock worth $2,339,000 after buying an additional 54,580 shares during the last quarter. Institutional investors and hedge funds own 65.29% of the company's stock.

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.