PowerSchool (NYSE:PWSC) Rating Reiterated by Needham & Company LLC

PowerSchool (NYSE:PWSC - Get Free Report)'s stock had its "buy" rating reiterated by equities research analysts at Needham & Company LLC in a report issued on Wednesday, Benzinga reports. They currently have a $26.00 price target on the stock. Needham & Company LLC's target price points to a potential upside of 35.77% from the stock's current price.

Several other brokerages have also issued reports on PWSC. TheStreet lowered shares of PowerSchool from a "b-" rating to a "c" rating in a research note on Monday, January 29th. Piper Sandler reissued an "overweight" rating and set a $29.00 target price on shares of PowerSchool in a research note on Tuesday, April 23rd. Finally, The Goldman Sachs Group increased their target price on shares of PowerSchool from $27.00 to $30.00 and gave the stock a "buy" rating in a research note on Tuesday, February 27th. One equities research analyst has rated the stock with a hold rating and nine have given a buy rating to the company. According to data from MarketBeat, PowerSchool currently has an average rating of "Moderate Buy" and a consensus price target of $26.56.

PowerSchool Trading Up 15.1 %

Shares of PWSC traded up $2.51 during trading hours on Wednesday, hitting $19.15. 8,807,009 shares of the stock were exchanged, compared to its average volume of 811,878. PowerSchool has a fifty-two week low of $16.15 and a fifty-two week high of $25.16. 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 business has a 50-day moving average of $19.74 and a 200-day moving average of $21.77. The firm has a market capitalization of $3.88 billion, a P/E 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 issued its earnings results 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 company had revenue of $182.14 million for the quarter, compared to the consensus estimate of $183.35 million. PowerSchool had a positive return on equity of 6.08% and a negative net margin of 4.46%. On average, research analysts expect that PowerSchool will post 0.61 EPS for the current year.

Insider Activity at PowerSchool

In related news, CEO Hardeep Gulati sold 6,171 shares of the firm's stock in a transaction dated Monday, April 8th. The shares were sold at an average price of $21.33, for a total transaction of $131,627.43. Following the transaction, the chief executive officer now directly owns 1,905,667 shares of the company's stock, valued at $40,647,877.11. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, CRO Anthony Kender sold 6,809 shares of the firm's stock in a transaction dated Tuesday, March 5th. The shares were sold at an average price of $20.30, for a total transaction of $138,222.70. Following the transaction, the executive now directly owns 202,356 shares of the company's stock, valued at $4,107,826.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Hardeep Gulati sold 6,171 shares of the firm's stock in a transaction dated Monday, April 8th. The shares were sold at an average price of $21.33, for a total transaction of $131,627.43. Following the transaction, the chief executive officer now directly owns 1,905,667 shares in the company, valued at $40,647,877.11. The disclosure for this sale can be found here. Insiders have sold 182,706 shares of company stock valued at $3,818,727 over the last ninety days. Corporate insiders own 0.60% of the company's stock.

Institutional Trading of PowerSchool

A number of large investors have recently added to or reduced their stakes in PWSC. Orion Capital Management LLC purchased a new stake in PowerSchool during the third quarter worth about $32,000. Park Place Capital Corp increased its holdings in PowerSchool by 106.8% during the first quarter. Park Place Capital Corp now owns 1,497 shares of the company's stock worth $32,000 after buying an additional 773 shares during the last quarter. Fifth Third Bancorp purchased a new stake in PowerSchool during the third quarter worth about $35,000. International Assets Investment Management LLC increased its holdings in PowerSchool by 3,244.4% during the fourth quarter. International Assets Investment Management LLC now owns 2,709 shares of the company's stock worth $64,000 after buying an additional 2,628 shares during the last quarter. Finally, SG Americas Securities LLC purchased a new stake in PowerSchool during the first quarter worth about $108,000. Hedge funds and other institutional investors 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.