Raymond James Lowers PowerSchool (NYSE:PWSC) to Market Perform

Raymond James cut shares of PowerSchool (NYSE:PWSCFree Report) from an outperform rating to a market perform rating in a report published on Tuesday morning, Marketbeat.com reports.

Several other research analysts have also recently weighed in on PWSC. Needham & Company LLC reiterated a hold rating on shares of PowerSchool in a research report on Friday, June 7th. Barclays decreased their price target on PowerSchool from $28.00 to $23.00 and set an overweight rating on the stock in a research report on Wednesday, May 8th. Baird R W cut PowerSchool from a strong-buy rating to a hold rating in a research report on Friday, June 7th. Macquarie cut PowerSchool from an outperform rating to a neutral rating and set a $22.80 price target on the stock. in a research report on Monday. Finally, Jefferies Financial Group restated a hold rating and issued a $22.80 price target (down previously from $30.00) on shares of PowerSchool in a research report on Monday. Ten equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of Hold and an average price target of $24.52.

Check Out Our Latest Stock Report on PowerSchool

PowerSchool Trading Down 0.1 %

Shares of PowerSchool stock opened at $22.30 on Tuesday. The business has a fifty day simple moving average of $19.69 and a two-hundred day simple moving average of $21.69. PowerSchool has a 1 year low of $16.15 and a 1 year high of $25.16. The company has a market capitalization of $4.54 billion, a price-to-earnings ratio of -92.90 and a beta of 1.06. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.24 and a quick ratio of 0.24.

PowerSchool (NYSE:PWSCGet Free Report) last posted 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 firm had revenue of $184.97 million for the quarter, compared to the consensus estimate of $184.45 million. PowerSchool had a positive return on equity of 6.13% and a negative net margin of 5.37%. Research analysts forecast that PowerSchool will post 0.5 EPS for the current year.

Insider Buying and Selling at PowerSchool

In other news, CEO Hardeep Gulati sold 15,307 shares of the business’s stock in a transaction that occurred on Monday, March 18th. The stock was sold at an average price of $20.75, for a total transaction of $317,620.25. Following the completion of the sale, the chief executive officer now owns 2,141,451 shares in the company, valued at $44,435,108.25. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In related news, CTO Devendra Singh sold 2,750 shares of the company’s stock in a transaction on Wednesday, March 27th. The stock was sold at an average price of $20.87, for a total transaction of $57,392.50. Following the completion of the sale, the chief technology officer now owns 338,769 shares in the company, valued at $7,070,109.03. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Hardeep Gulati sold 15,307 shares of the business’s stock in a transaction 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 transaction, the chief executive officer now directly owns 2,141,451 shares in the company, valued at approximately $44,435,108.25. The disclosure for this sale can be found here. Over the last three months, insiders have sold 357,703 shares of company stock valued at $7,535,454. 0.60% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Vanguard Group Inc. lifted its position in shares of PowerSchool by 0.3% during the 1st quarter. Vanguard Group Inc. now owns 9,540,806 shares of the company’s stock valued at $203,124,000 after buying an additional 29,390 shares during the last quarter. Wellington Management Group LLP lifted its position in shares of PowerSchool by 8.9% during the 3rd quarter. Wellington Management Group LLP now owns 7,101,238 shares of the company’s stock valued at $160,914,000 after buying an additional 580,969 shares during the last quarter. Blair William & Co. IL lifted its position in shares of PowerSchool by 17.8% during the 1st quarter. Blair William & Co. IL now owns 3,946,379 shares of the company’s stock valued at $84,018,000 after buying an additional 597,521 shares during the last quarter. Wasatch Advisors LP lifted its position in shares of PowerSchool by 12.7% during the 1st quarter. Wasatch Advisors LP now owns 3,932,460 shares of the company’s stock valued at $83,722,000 after buying an additional 442,340 shares during the last quarter. Finally, Riverbridge Partners LLC lifted its position in shares of PowerSchool by 59.5% during the 1st quarter. Riverbridge Partners LLC now owns 2,508,871 shares of the company’s stock valued at $53,414,000 after buying an additional 935,648 shares during the last quarter. Hedge funds and other institutional investors own 65.29% of the company’s stock.

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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Analyst Recommendations for PowerSchool (NYSE:PWSC)

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