PowerSchool (NYSE:PWSC) Receives Overweight Rating from Cantor Fitzgerald

Cantor Fitzgerald reaffirmed their overweight rating on shares of PowerSchool (NYSE:PWSC - Free Report) in a research report released on Thursday, Benzinga reports. They currently have a $25.00 price target on the stock.

A number of other equities research analysts also recently issued reports on PWSC. TheStreet downgraded shares of PowerSchool from a b- rating to a c rating in a research report on Monday, January 29th. Needham & Company LLC reaffirmed a buy rating and issued a $26.00 target price on shares of PowerSchool in a report on Wednesday. The Goldman Sachs Group upped their target price on shares of PowerSchool from $27.00 to $30.00 and gave the stock a buy rating in a report on Tuesday, February 27th. UBS Group dropped their target price on shares of PowerSchool from $25.00 to $20.00 and set a neutral rating for the company in a report on Wednesday. Finally, Piper Sandler reaffirmed an overweight rating and issued a $29.00 target price on shares of PowerSchool in a report on Tuesday, April 23rd. One equities research analyst has rated the stock with a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of Moderate Buy and a consensus target price of $26.00.

PowerSchool Stock Down 5.4 %

NYSE PWSC traded down $1.03 during mid-day trading on Thursday, reaching $18.12. The stock had a trading volume of 3,319,349 shares, compared to its average volume of 839,869. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.30 and a quick ratio of 0.30. PowerSchool has a 1 year low of $16.15 and a 1 year high of $25.16. The stock has a market cap of $3.67 billion, a PE ratio of -95.37, a price-to-earnings-growth ratio of 0.48 and a beta of 0.98. The company has a fifty day moving average price of $19.70 and a 200 day moving average price of $21.75.

PowerSchool (NYSE:PWSC - Get Free Report) last posted its earnings results on Monday, February 26th. The company reported $0.10 EPS for the quarter, missing analysts' consensus estimates of $0.12 by ($0.02). PowerSchool had a positive return on equity of 6.08% and a negative net margin of 4.46%. The company had revenue of $182.14 million during the quarter, compared to the consensus estimate of $183.35 million. On average, research analysts expect that PowerSchool will post 0.61 earnings per share for the current year.

Insider Activity

In other news, CEO Hardeep Gulati sold 6,171 shares of the business's stock in a transaction dated Monday, April 8th. The shares were sold at an average price of $21.33, for a total value of $131,627.43. Following the sale, the chief executive officer now directly owns 1,905,667 shares in the company, valued at approximately $40,647,877.11. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In other PowerSchool news, CEO Hardeep Gulati sold 6,171 shares of the company's stock in a transaction that occurred on Monday, April 8th. The stock was sold at an average price of $21.33, for a total transaction of $131,627.43. Following the sale, the chief executive officer now directly owns 1,905,667 shares in the company, valued at $40,647,877.11. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CTO Devendra Singh sold 2,775 shares of the company'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 sale, the chief technology officer now owns 327,712 shares in the company, valued at $6,767,252.80. The disclosure for this sale can be found here. In the last ninety days, insiders sold 182,706 shares of company stock worth $3,818,727. 0.60% of the stock is currently owned by insiders.

Institutional Investors Weigh In On PowerSchool

Several hedge funds and other institutional investors have recently modified their holdings of the business. Mackenzie Financial Corp grew its stake in PowerSchool by 2.8% in the fourth quarter. Mackenzie Financial Corp now owns 1,823,474 shares of the company's stock worth $42,961,000 after purchasing an additional 50,094 shares in the last quarter. Riverbridge Partners LLC boosted its position in PowerSchool by 6.7% during the 4th quarter. Riverbridge Partners LLC now owns 1,552,773 shares of the company's stock valued at $36,583,000 after acquiring an additional 97,643 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its position in PowerSchool by 30.2% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 439,430 shares of the company's stock valued at $9,957,000 after acquiring an additional 101,955 shares in the last quarter. Allspring Global Investments Holdings LLC boosted its position in PowerSchool by 27.0% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 419,595 shares of the company's stock valued at $9,508,000 after acquiring an additional 89,213 shares in the last quarter. Finally, Bank of New York Mellon Corp boosted its position 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 valued at $5,305,000 after acquiring an additional 28,454 shares in the last quarter. 65.29% of the stock is currently owned by hedge funds and other institutional investors.

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.