PowerSchool (NYSE:PWSC) Price Target Lowered to $20.00 at UBS Group

PowerSchool (NYSE:PWSC) had its price objective decreased by analysts at UBS Group from $25.00 to $20.00 in a research note issued to investors on Wednesday, Benzinga reports. The firm currently has a “neutral” rating on the stock. UBS Group’s price objective indicates a potential downside of 0.25% from the company’s current price.

Other equities research analysts have also issued reports about the company. TheStreet lowered PowerSchool from a “b-” rating to a “c” rating in a research note on Monday, January 29th. Needham & Company LLC restated a “buy” rating and issued a $26.00 price target on shares of PowerSchool in a report on Wednesday. The Goldman Sachs Group lifted their price objective on shares of PowerSchool from $27.00 to $30.00 and gave the company a “buy” rating in a report on Tuesday, February 27th. Finally, Piper Sandler reaffirmed an “overweight” rating and set a $29.00 target price on shares of PowerSchool in a research report on Tuesday, April 23rd. One investment 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 presently has a consensus rating of “Moderate Buy” and a consensus price target of $27.11.

PowerSchool Trading Up 20.5 %

NYSE:PWSC traded up $3.41 during midday trading on Wednesday, hitting $20.05. 2,215,696 shares of the company traded hands, compared to its average volume of 734,428. The company has a current ratio of 0.30, a quick ratio of 0.30 and a debt-to-equity ratio of 0.46. The firm’s fifty day moving average is $19.74 and its 200-day moving average is $21.77. The firm has a market capitalization of $4.06 billion, a P/E ratio of -108.16, a P/E/G ratio of 0.48 and a beta of 0.98. PowerSchool has a 12-month low of $16.15 and a 12-month high of $25.16.

PowerSchool (NYSE:PWSC) last released 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 firm had revenue of $182.14 million during 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, sell-side analysts predict that PowerSchool will post 0.61 EPS for the current year.

Insider Activity

In other PowerSchool news, CEO Hardeep Gulati sold 15,307 shares of the stock in a transaction dated Monday, March 18th. The stock was sold at an average price of $20.75, for a total transaction of $317,620.25. Following the sale, the chief executive officer now directly owns 2,141,451 shares of the company’s stock, valued at approximately $44,435,108.25. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other PowerSchool news, CRO Anthony Kender sold 6,809 shares of the business’s stock in a transaction that occurred on Tuesday, March 5th. The stock was sold at an average price of $20.30, for a total transaction of $138,222.70. Following the completion of the sale, the executive now directly owns 202,356 shares in the company, valued at approximately $4,107,826.80. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, CEO Hardeep Gulati sold 15,307 shares of PowerSchool stock in a transaction that occurred on Monday, March 18th. The stock was sold at an average price of $20.75, for a total value of $317,620.25. Following the completion of the sale, the chief executive officer now directly owns 2,141,451 shares in the company, valued at $44,435,108.25. The disclosure for this sale can be found here. Over the last three months, insiders have sold 182,706 shares of company stock valued at $3,818,727. Company insiders own 0.60% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Bank of New York Mellon Corp raised its holdings in PowerSchool by 13.8% during the third quarter. Bank of New York Mellon Corp now owns 234,131 shares of the company’s stock worth $5,305,000 after purchasing an additional 28,454 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in PowerSchool by 42.2% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 10,913 shares of the company’s stock valued at $247,000 after buying an additional 3,240 shares during the last quarter. Allspring Global Investments Holdings LLC grew its position in shares of PowerSchool by 27.0% during the third quarter. Allspring Global Investments Holdings LLC now owns 419,595 shares of the company’s stock worth $9,508,000 after acquiring an additional 89,213 shares during the last quarter. CHICAGO TRUST Co NA increased its holdings in shares of PowerSchool by 25.4% in the 3rd quarter. CHICAGO TRUST Co NA now owns 14,805 shares of the company’s stock valued at $335,000 after acquiring an additional 3,000 shares during the period. Finally, Y.D. More Investments Ltd raised its position in PowerSchool by 112.2% in the 3rd quarter. Y.D. More Investments Ltd now owns 103,221 shares of the company’s stock valued at $2,339,000 after purchasing an additional 54,580 shares during the last quarter. Institutional investors and hedge funds 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.