Credit Suisse Group Initiates Coverage on PowerSchool (NYSE:PWSC)

Credit Suisse Group assumed coverage on shares of PowerSchool (NYSE:PWSCGet Rating) in a report released on Monday, Marketbeat.com reports. The firm issued an outperform rating and a $23.00 price objective on the stock.

PWSC has been the topic of several other reports. Piper Sandler upped their target price on PowerSchool from $19.00 to $22.00 and gave the company an overweight rating in a report on Tuesday, November 8th. Barclays upped their price objective on shares of PowerSchool from $19.00 to $20.00 and gave the company an overweight rating in a research note on Tuesday, November 8th. The Goldman Sachs Group increased their price objective on shares of PowerSchool to $18.00 in a research report on Tuesday, November 15th. Finally, Royal Bank of Canada boosted their target price on shares of PowerSchool from $20.00 to $22.00 and gave the company an outperform rating in a report on Tuesday, November 8th. One analyst has rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat.com, PowerSchool presently has an average rating of Moderate Buy and an average price target of $22.75.

PowerSchool Trading Down 0.7 %

NYSE PWSC opened at $19.72 on Monday. The business’s 50-day moving average price is $18.21 and its two-hundred day moving average price is $15.82. The company has a current ratio of 0.54, a quick ratio of 0.54 and a debt-to-equity ratio of 0.42. PowerSchool has a 12 month low of $10.60 and a 12 month high of $21.99.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of the stock. Blair William & Co. IL raised its stake in PowerSchool by 866.7% during the 3rd quarter. Blair William & Co. IL now owns 1,189,698 shares of the company’s stock worth $19,856,000 after buying an additional 1,066,626 shares during the period. Lord Abbett & CO. LLC raised its position in shares of PowerSchool by 115.4% during the third quarter. Lord Abbett & CO. LLC now owns 1,638,133 shares of the company’s stock worth $27,341,000 after purchasing an additional 877,727 shares during the period. Nuveen Asset Management LLC lifted its holdings in shares of PowerSchool by 174.0% in the 3rd quarter. Nuveen Asset Management LLC now owns 1,335,947 shares of the company’s stock worth $22,297,000 after purchasing an additional 848,383 shares in the last quarter. TimesSquare Capital Management LLC lifted its holdings in shares of PowerSchool by 39.5% in the 2nd quarter. TimesSquare Capital Management LLC now owns 2,507,904 shares of the company’s stock worth $30,220,000 after purchasing an additional 710,396 shares in the last quarter. Finally, NewEdge Wealth LLC acquired a new stake in PowerSchool in the 1st quarter valued at $9,994,000. Institutional investors and hedge funds own 62.01% of the company’s stock.

About PowerSchool

(Get Rating)

PowerSchool Holdings, Inc provides cloud-based software to the K-12 education market. Its solution is embedded in school workflows and is used on daily basis by educators, students, administrators, and parents in schools and districts representing approximately 45 million students worldwide. Its cloud-based technology platform helps schools and districts manage state reporting and related compliance, special education, finance, human resource, talent, registration, attendance, funding, learning, instruction, grading, college and career readiness, assessments, and analytics.

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