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

PowerSchool (NYSE:PWSC - Get Free Report)'s stock had its "buy" rating reiterated by equities researchers at Needham & Company LLC in a report issued on Tuesday, Benzinga reports. They currently have a $26.00 price objective on the stock. Needham & Company LLC's price objective would suggest a potential upside of 42.00% from the stock's current price.

Several other analysts have also recently weighed in on the company. Cantor Fitzgerald reissued an "overweight" rating and set a $25.00 price target on shares of PowerSchool in a report on Thursday, May 9th. Barclays dropped their price objective on PowerSchool from $28.00 to $23.00 and set an "overweight" rating for the company in a report on Wednesday, May 8th. The Goldman Sachs Group lifted 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. Piper Sandler dropped their price objective on PowerSchool from $29.00 to $24.00 and set an "overweight" rating for the company in a report on Friday. Finally, TheStreet cut PowerSchool from a "b-" rating to a "c" rating in a report on Monday, January 29th. One research analyst has rated the stock with a hold rating and nine have issued a buy rating to the company's stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $25.44.

PowerSchool Stock Performance

Shares of PWSC traded up $0.37 during mid-day trading on Tuesday, reaching $18.31. The company's stock had a trading volume of 1,299,220 shares, compared to its average volume of 855,235. PowerSchool has a 1-year low of $16.15 and a 1-year high of $25.16. The stock has a market cap of $3.71 billion, a P/E ratio of -75.75 and a beta of 0.98. The business has a 50-day simple moving average of $19.54 and a two-hundred day simple moving average of $21.72. The company has a current ratio of 0.24, a quick ratio of 0.24 and a debt-to-equity ratio of 0.46.

PowerSchool (NYSE:PWSC - Get Free Report) last released its quarterly earnings data on Monday, February 26th. The company reported $0.10 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.12 by ($0.02). The business had revenue of $182.14 million during the quarter, compared to analyst estimates of $183.35 million. PowerSchool had a negative net margin of 5.37% and a positive return on equity of 6.13%. As a group, equities research analysts anticipate that PowerSchool will post 0.61 earnings per share for the current fiscal year.

Insider Activity

In related news, CMO Fred Studer sold 6,065 shares of the business's stock in a transaction on 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 approximately $3,322,805.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, CMO Fred Studer sold 6,065 shares of the business's stock in a transaction on 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 approximately $3,322,805.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CRO Anthony Kender sold 6,809 shares of the business'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 $138,222.70. Following the sale, the executive now owns 202,356 shares in the company, valued at approximately $4,107,826.80. The disclosure for this sale can be found here. In the last quarter, insiders have sold 182,706 shares of company stock worth $3,818,727. Insiders own 0.60% of the company's stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of PWSC. Covestor Ltd lifted its holdings in PowerSchool by 353.4% during the 1st quarter. Covestor Ltd now owns 1,283 shares of the company's stock worth $27,000 after buying an additional 1,000 shares during the period. Orion Capital Management LLC acquired a new position in PowerSchool during the 3rd quarter worth about $32,000. Park Place Capital Corp lifted its holdings in PowerSchool by 106.8% during the 1st 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 period. Fifth Third Bancorp acquired a new position in PowerSchool during the 3rd quarter worth about $35,000. Finally, International Assets Investment Management LLC lifted its holdings in PowerSchool by 3,244.4% during the 4th 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 period. 65.29% of the stock is 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.