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

PowerSchool Holdings, Inc. (NYSE:PWSC)’s stock price 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 changing hands. The stock had previously closed at $16.60.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on PWSC shares. The Goldman Sachs Group boosted their target price on PowerSchool from $27.00 to $30.00 and gave the stock a “buy” rating in a report on Tuesday, February 27th. Cantor Fitzgerald reissued an “overweight” rating and set a $25.00 target price on shares of PowerSchool in a research report on Thursday. Piper Sandler reaffirmed an “overweight” rating and issued a $29.00 price target on shares of PowerSchool in a research report on Tuesday, April 23rd. TheStreet downgraded PowerSchool from a “b-” rating to a “c” rating in a research report on Monday, January 29th. Finally, Barclays reduced their price objective on PowerSchool from $28.00 to $23.00 and set an “overweight” rating for the company in a research report on Wednesday. One investment 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, PowerSchool currently has an average rating of “Moderate Buy” and an average price target of $26.00.

PowerSchool Trading Down 5.4 %

The firm has a market cap of $3.67 billion, a price-to-earnings ratio of -95.37, a price-to-earnings-growth ratio of 0.48 and a beta of 0.98. 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 business’s fifty day moving average is $19.70 and its two-hundred day moving average is $21.75.

PowerSchool (NYSE:PWSC) last posted its quarterly earnings results on Monday, February 26th. The company reported $0.10 earnings per share for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.02). The business had revenue of $182.14 million for 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%. Equities analysts anticipate that PowerSchool Holdings, Inc. will post 0.61 earnings per share for the current fiscal year.

Insider Buying and Selling at PowerSchool

In other news, CEO Hardeep Gulati sold 6,171 shares of the company’s stock in a transaction that occurred 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 transaction, the chief executive officer now owns 1,905,667 shares in the company, valued at $40,647,877.11. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, CEO Hardeep Gulati sold 6,171 shares of the firm’s stock in a transaction that occurred on Monday, April 8th. The shares were sold at an average price of $21.33, for a total transaction of $131,627.43. Following the completion of the transaction, the chief executive officer now directly owns 1,905,667 shares of the company’s stock, valued at approximately $40,647,877.11. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Eric Ryan Shander sold 3,280 shares of PowerSchool stock in a transaction on Wednesday, April 3rd. The shares were sold at an average price of $20.65, for a total transaction of $67,732.00. Following the completion of the sale, the chief financial officer now owns 475,868 shares in the company, valued at $9,826,674.20. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 182,706 shares of company stock valued at $3,818,727. Company insiders own 0.60% of the company’s stock.

Institutional Trading of PowerSchool

Institutional investors and hedge funds have recently bought and sold shares of the business. Orion Capital Management LLC bought a new position in PowerSchool in the 3rd quarter valued at about $32,000. Park Place Capital Corp boosted its stake in PowerSchool by 106.8% in the 1st quarter. Park Place Capital Corp now owns 1,497 shares of the company’s stock valued at $32,000 after purchasing an additional 773 shares during the period. Fifth Third Bancorp bought a new position in PowerSchool during the 3rd quarter worth $35,000. International Assets Investment Management LLC boosted its position in shares of PowerSchool by 3,244.4% in the fourth 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 acquired a new position in shares of PowerSchool in the first quarter valued at about $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.