PowerSchool Holdings, Inc. (NYSE:PWSC) Receives Consensus Recommendation of “Hold” from Brokerages

Shares of PowerSchool Holdings, Inc. (NYSE:PWSC) have been given an average rating of “Hold” by the fourteen brokerages that are presently covering the company, MarketBeat.com reports. Ten equities research analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is $24.52.

Several analysts have recently commented on PWSC shares. Robert W. Baird restated a “neutral” rating and issued a $23.00 target price (down from $26.00) on shares of PowerSchool in a research note on Friday, June 7th. Needham & Company LLC restated a “hold” rating on shares of PowerSchool in a research note on Friday, June 7th. Piper Sandler restated a “neutral” rating and issued a $22.80 target price (down from $24.00) on shares of PowerSchool in a research note on Friday, June 7th. Jefferies Financial Group restated a “hold” rating and issued a $22.80 target price (down from $30.00) on shares of PowerSchool in a research note on Monday, June 10th. Finally, Macquarie downgraded PowerSchool from an “outperform” rating to a “neutral” rating and set a $22.80 target price for the company. in a research note on Monday, June 10th.

PowerSchool Stock Down 0.4 %

PowerSchool stock opened at $22.39 on Friday. 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 company has a market capitalization of $4.56 billion, a PE ratio of -93.29 and a beta of 1.06. The firm’s fifty day moving average is $20.23 and its 200 day moving average is $21.65. PowerSchool has a 12-month low of $16.15 and a 12-month high of $25.16.

PowerSchool (NYSE:PWSC) last announced its quarterly earnings data on Tuesday, May 7th. The company reported $0.10 earnings per share for the quarter, missing the consensus estimate of $0.13 by ($0.03). The company had revenue of $184.97 million for the quarter, compared to analyst estimates of $184.45 million. PowerSchool had a negative net margin of 5.37% and a positive return on equity of 6.13%. As a group, sell-side analysts predict that PowerSchool will post 0.5 EPS for the current fiscal year.

Insider Buying and Selling at PowerSchool

In other news, CMO Fred Studer sold 1,299 shares of the business’s stock in a transaction that occurred on Thursday, June 27th. The stock was sold at an average price of $22.35, for a total value of $29,032.65. Following the transaction, the chief marketing officer now owns 186,142 shares in the company, valued at approximately $4,160,273.70. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other news, CTO Devendra Singh sold 5,360 shares of the business’s stock in a transaction that occurred on Thursday, June 27th. The stock was sold at an average price of $22.35, for a total value of $119,796.00. Following the transaction, the chief technology officer now owns 389,017 shares in the company, valued at approximately $8,694,529.95. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CMO Fred Studer sold 1,299 shares of the business’s stock in a transaction that occurred on Thursday, June 27th. The stock was sold at an average price of $22.35, for a total value of $29,032.65. Following the completion of the transaction, the chief marketing officer now owns 186,142 shares in the company, valued at approximately $4,160,273.70. The disclosure for this sale can be found here. In the last quarter, insiders sold 363,681 shares of company stock worth $7,768,077. Insiders own 0.60% of the company’s stock.

Institutional Investors Weigh In On PowerSchool

Hedge funds have recently modified their holdings of the stock. Covestor Ltd raised 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 purchasing an additional 1,000 shares during the period. Orion Capital Management LLC bought a new stake in shares of PowerSchool in the 3rd quarter worth approximately $32,000. Park Place Capital Corp raised its holdings in shares of PowerSchool by 106.8% in 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 period. Comerica Bank raised its holdings in shares of PowerSchool by 111.8% in 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 period. Finally, Fifth Third Bancorp raised its holdings in shares of PowerSchool by 47.7% in 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 period. 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.