Piper Sandler Reaffirms "Overweight" Rating for PowerSchool (NYSE:PWSC)

Piper Sandler restated their overweight rating on shares of PowerSchool (NYSE:PWSC - Free Report) in a research report sent to investors on Tuesday, Benzinga reports. They currently have a $29.00 price target on the stock.

A number of other research firms have also weighed in on PWSC. TheStreet lowered shares of PowerSchool from a b- rating to a c rating in a research report on Monday, January 29th. The Goldman Sachs Group boosted their price objective on shares of PowerSchool from $27.00 to $30.00 and gave the company a buy rating in a research report on Tuesday, February 27th. One analyst has rated the stock with a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of Moderate Buy and an average target price of $27.67.

PowerSchool Price Performance

PWSC traded up $0.19 during midday trading on Tuesday, reaching $17.67. 1,089,338 shares of the company's stock were exchanged, compared to its average volume of 677,930. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.30 and a quick ratio of 0.30. The stock has a market capitalization of $3.58 billion, a PE ratio of -92.05, a P/E/G ratio of 0.51 and a beta of 0.89. The business's 50-day moving average price is $21.14 and its 200 day moving average price is $22.13. PowerSchool has a 1-year low of $16.41 and a 1-year high of $25.16.

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 analysts' consensus estimates of $0.12 by ($0.02). The firm had revenue of $182.14 million during the quarter, compared to analyst estimates of $183.35 million. PowerSchool had a negative net margin of 4.46% and a positive return on equity of 6.08%. As a group, equities analysts anticipate that PowerSchool will post 0.61 EPS for the current fiscal year.

Insider Activity at PowerSchool

In related news, CTO Devendra Singh sold 2,775 shares of the business'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 $57,303.75. Following the completion of the sale, 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 legal filing with the SEC, which is available through the SEC website. In other PowerSchool news, CTO Devendra Singh sold 2,775 shares of the business'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 transaction of $57,303.75. Following the completion of the sale, 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 legal filing with the SEC, which is available through this link. Also, CEO Hardeep Gulati sold 21,900 shares of the business's stock in a transaction that occurred on Friday, April 5th. The stock was sold at an average price of $21.06, for a total transaction of $461,214.00. Following the sale, the chief executive officer now owns 1,911,838 shares of the company's stock, valued at $40,263,308.28. The disclosure for this sale can be found here. Over the last three months, insiders sold 176,535 shares of company stock worth $3,687,100. 0.60% of the stock is owned by company insiders.

Institutional Investors Weigh In On PowerSchool

Several institutional investors have recently bought and sold shares of PWSC. Vontobel Holding Ltd. purchased a new position in shares of PowerSchool in the third quarter valued at $373,000. IQ EQ FUND MANAGEMENT IRELAND Ltd boosted its stake in shares of PowerSchool by 2.4% in the third quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd now owns 19,512 shares of the company's stock valued at $442,000 after purchasing an additional 465 shares during the period. Handelsbanken Fonder AB boosted its stake in shares of PowerSchool by 14.3% in the third quarter. Handelsbanken Fonder AB now owns 59,900 shares of the company's stock valued at $1,357,000 after purchasing an additional 7,500 shares during the period. Linden Thomas Advisory Services LLC purchased a new position in shares of PowerSchool in the third quarter valued at $660,000. Finally, Bank of New York Mellon Corp boosted its stake in shares of PowerSchool by 13.8% in the third quarter. Bank of New York Mellon Corp now owns 234,131 shares of the company's stock valued at $5,305,000 after purchasing an additional 28,454 shares during the period. 65.29% of the stock is currently 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.