Shares of PowerSchool Holdings, Inc. (NYSE:PWSC - Get Free Report) have been assigned a consensus recommendation of "Hold" from the fourteen ratings firms that are covering the company, MarketBeat reports. Ten equities research analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 1-year price target among analysts that have covered the stock in the last year is $24.52.
A number of research analysts recently commented on PWSC shares. William Blair reissued a "market perform" rating on shares of PowerSchool in a report on Friday, June 7th. UBS Group lowered their price target on PowerSchool from $25.00 to $20.00 and set a "neutral" rating on the stock in a report on Wednesday, May 8th. Robert W. Baird reissued a "neutral" rating and issued a $23.00 price target (down from $26.00) on shares of PowerSchool in a report on Friday, June 7th. Baird R W downgraded PowerSchool from a "strong-buy" rating to a "hold" rating in a research note on Friday, June 7th. Finally, Macquarie downgraded PowerSchool from an "outperform" rating to a "neutral" rating and set a $22.80 price objective on the stock. in a research note on Monday, June 10th.
Check Out Our Latest Analysis on PWSC
Insider Activity
In other PowerSchool news, CFO Eric Ryan Shander sold 1,600 shares of the company's stock in a transaction on Monday, June 10th. The stock was sold at an average price of $22.50, for a total value of $36,000.00. Following the transaction, the chief financial officer now owns 508,150 shares of the company's stock, valued at approximately $11,433,375. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other PowerSchool news, CFO Eric Ryan Shander sold 1,600 shares of the company's stock in a transaction on Monday, June 10th. The stock was sold at an average price of $22.50, for a total value of $36,000.00. Following the transaction, the chief financial officer now owns 508,150 shares of the company's stock, valued at approximately $11,433,375. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Shivani Stumpf sold 1,295 shares of the company's stock in a transaction on Thursday, June 20th. The shares were sold at an average price of $22.33, for a total value of $28,917.35. Following the completion of the transaction, the insider now directly owns 289,555 shares in the company, valued at approximately $6,465,763.15. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 363,681 shares of company stock valued at $7,768,077. 0.60% of the stock is currently owned by insiders.
Institutional Investors Weigh In On PowerSchool
Hedge funds have recently made changes to their positions in the company. Covestor Ltd lifted its holdings in shares of PowerSchool by 353.4% in 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 purchased a new stake in shares of PowerSchool in the 3rd quarter worth $32,000. Park Place Capital Corp lifted its stake in shares of 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 purchasing an additional 773 shares during the last quarter. Comerica Bank lifted its stake in shares of PowerSchool by 111.8% during the 1st quarter. Comerica Bank now owns 1,493 shares of the company's stock worth $32,000 after purchasing an additional 788 shares during the last quarter. Finally, Fifth Third Bancorp lifted its stake in shares of PowerSchool by 47.7% during the 4th quarter. Fifth Third Bancorp now owns 2,311 shares of the company's stock worth $54,000 after purchasing an additional 746 shares during the last quarter. 65.29% of the stock is currently owned by hedge funds and other institutional investors.
PowerSchool Stock Down 0.4 %
PWSC stock opened at $22.39 on Friday. PowerSchool has a twelve month low of $16.15 and a twelve month high of $25.16. The company has a quick ratio of 0.24, a current ratio of 0.24 and a debt-to-equity ratio of 0.46. The business's 50-day moving average price is $20.23 and its 200-day moving average price is $21.65.
PowerSchool (NYSE:PWSC - Get Free Report) last posted its quarterly earnings results on Tuesday, May 7th. The company reported $0.10 EPS for the quarter, missing analysts' consensus estimates of $0.13 by ($0.03). PowerSchool had a positive return on equity of 6.13% and a negative net margin of 5.37%. The business had revenue of $184.97 million during the quarter, compared to analysts' expectations of $184.45 million. As a group, research analysts predict that PowerSchool will post 0.5 EPS for the current year.
About PowerSchool
(Get Free Report
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.
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