PowerSchool (NYSE:PWSC) Sets New 12-Month Low at $16.15

Shares of PowerSchool Holdings, Inc. (NYSE:PWSC) hit a new 52-week low during mid-day trading on Tuesday . The company traded as low as $16.15 and last traded at $16.16, with a volume of 64879 shares. The stock had previously closed at $16.60.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on PWSC. Piper Sandler restated an “overweight” rating and issued a $29.00 price objective on shares of PowerSchool in a research note on Tuesday, April 23rd. TheStreet cut shares of PowerSchool from a “b-” rating to a “c” rating in a research note on Monday, January 29th. Finally, The Goldman Sachs Group raised 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. One analyst has rated the stock with a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $27.67.

PowerSchool Price Performance

The company has a fifty day moving average of $19.84 and a 200-day moving average of $21.79. The stock has a market cap of $3.35 billion, a PE ratio of -86.58, a P/E/G ratio of 0.48 and a beta of 0.98. The company has a current ratio of 0.30, a quick ratio of 0.30 and a debt-to-equity ratio of 0.46.

PowerSchool (NYSE:PWSC) last released its quarterly earnings data 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). PowerSchool had a positive return on equity of 6.08% and a negative net margin of 4.46%. The firm had revenue of $182.14 million for the quarter, compared to analysts’ expectations of $183.35 million. Sell-side analysts expect that PowerSchool Holdings, Inc. will post 0.61 EPS for the current fiscal year.

Insider Transactions at PowerSchool

In other PowerSchool news, CEO Hardeep Gulati sold 6,171 shares of the business’s stock in a transaction 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 transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other PowerSchool news, CRO Anthony Kender sold 6,809 shares of the stock in a transaction 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 transaction, the executive now owns 202,356 shares of the company’s stock, valued at approximately $4,107,826.80. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Hardeep Gulati sold 6,171 shares of PowerSchool stock in a transaction on Monday, April 8th. The shares were sold at an average price of $21.33, for a total value of $131,627.43. Following the completion of the sale, the chief executive officer now directly owns 1,905,667 shares of the company’s stock, valued at approximately $40,647,877.11. The disclosure for this sale can be found here. Insiders have sold a total of 182,706 shares of company stock valued at $3,818,727 in the last ninety days. 0.60% of the stock is currently owned by company insiders.

Institutional Trading of PowerSchool

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Bank of New York Mellon Corp raised its stake 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. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in shares of PowerSchool by 42.2% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 10,913 shares of the company’s stock worth $247,000 after acquiring an additional 3,240 shares during the period. Mackenzie Financial Corp boosted its holdings in shares of PowerSchool by 0.9% in the third quarter. Mackenzie Financial Corp now owns 1,773,380 shares of the company’s stock valued at $38,447,000 after acquiring an additional 15,878 shares in the last quarter. Allspring Global Investments Holdings LLC increased its stake 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 valued at $9,508,000 after acquiring an additional 89,213 shares during the period. Finally, CHICAGO TRUST Co NA increased its position in shares of PowerSchool by 25.4% during the 3rd quarter. CHICAGO TRUST Co NA now owns 14,805 shares of the company’s stock valued at $335,000 after purchasing an additional 3,000 shares during the period. 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.