PowerSchool (NYSE:PWSC) Given New $23.00 Price Target at Barclays

PowerSchool (NYSE:PWSC) had its target price lowered by Barclays from $28.00 to $23.00 in a report issued on Wednesday morning, Benzinga reports. Barclays currently has an overweight rating on the stock.

Several other brokerages have also weighed in on PWSC. Needham & Company LLC reissued a buy rating and issued a $26.00 price objective on shares of PowerSchool in a research report on Wednesday. UBS Group reduced their price objective on PowerSchool from $25.00 to $20.00 and set a neutral rating for the company in a report on Wednesday. TheStreet lowered PowerSchool from a b- rating to a c rating in a research note on Monday, January 29th. The Goldman Sachs Group boosted their price target on PowerSchool from $27.00 to $30.00 and gave the company a buy rating in a research note on Tuesday, February 27th. Finally, Piper Sandler reiterated an overweight rating and set a $29.00 price objective on shares of PowerSchool in a research report on Tuesday, April 23rd. One equities research analyst has rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of Moderate Buy and an average price target of $26.00.

PowerSchool Stock Performance

Shares of PWSC stock traded down $1.03 on Wednesday, reaching $18.12. The stock had a trading volume of 3,319,349 shares, compared to its average volume of 839,869. PowerSchool has a 12 month low of $16.15 and a 12 month high of $25.16. The company has a quick ratio of 0.30, a current ratio of 0.30 and a debt-to-equity ratio of 0.46. The firm has a market capitalization of $3.67 billion, a price-to-earnings ratio of -95.37, a P/E/G ratio of 0.48 and a beta of 0.98. The firm’s 50-day moving average is $19.70 and its two-hundred day moving average is $21.75.

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 analysts’ consensus estimates of $0.12 by ($0.02). PowerSchool had a negative net margin of 4.46% and a positive return on equity of 6.08%. The business had revenue of $182.14 million during the quarter, compared to analyst estimates of $183.35 million. On average, research analysts expect that PowerSchool will post 0.61 EPS for the current fiscal year.

Insiders Place Their Bets

In other PowerSchool news, CEO Hardeep Gulati sold 1,400 shares of the company’s stock in a transaction on Monday, March 25th. The stock was sold at an average price of $21.04, for a total transaction of $29,456.00. Following the completion of the sale, the chief executive officer now directly owns 2,059,216 shares in the company, valued at $43,325,904.64. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, CEO Hardeep Gulati sold 1,400 shares of the firm’s stock in a transaction that occurred on Monday, March 25th. The shares were sold at an average price of $21.04, for a total value of $29,456.00. Following the sale, the chief executive officer now directly owns 2,059,216 shares in the company, valued at approximately $43,325,904.64. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO Eric Ryan Shander sold 3,280 shares of the company’s stock in a transaction that occurred on Wednesday, April 3rd. The stock was sold at an average price of $20.65, for a total transaction of $67,732.00. Following the transaction, the chief financial officer now owns 475,868 shares of the company’s stock, valued at $9,826,674.20. The disclosure for this sale can be found here. Insiders have sold 182,706 shares of company stock worth $3,818,727 over the last ninety days. Corporate insiders own 0.60% of the company’s stock.

Institutional Investors Weigh In On PowerSchool

Hedge funds and other institutional investors have recently bought and sold shares of the company. Orion Capital Management LLC bought a new position in PowerSchool in the third quarter valued at about $32,000. Park Place Capital Corp boosted its position in PowerSchool by 106.8% during the 1st quarter. Park Place Capital Corp now owns 1,497 shares of the company’s stock worth $32,000 after buying an additional 773 shares during the period. Fifth Third Bancorp bought a new stake in PowerSchool during the 3rd quarter worth approximately $35,000. International Assets Investment Management LLC increased its position in PowerSchool by 3,244.4% in the 4th quarter. International Assets Investment Management LLC now owns 2,709 shares of the company’s stock valued at $64,000 after acquiring an additional 2,628 shares during the period. Finally, SG Americas Securities LLC bought a new position in shares of PowerSchool during the first quarter valued at $108,000. 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.