PowerSchool (NYSE:PWSC) Shares Gap Down to $19.73

PowerSchool Holdings, Inc. (NYSE:PWSC) shares gapped down before the market opened on Wednesday . The stock had previously closed at $19.73, but opened at $19.01. PowerSchool shares last traded at $17.81, with a volume of 1,934,849 shares.

Analysts Set New Price Targets

A number of research firms have weighed in on PWSC. Piper Sandler reiterated an “overweight” rating and set a $29.00 price target on shares of PowerSchool in a research note on Wednesday, March 6th. TheStreet downgraded shares of PowerSchool from a “b-” rating to a “c” rating in a research note on Monday, January 29th. Finally, The Goldman Sachs Group lifted their price objective on PowerSchool from $27.00 to $30.00 and gave the company a “buy” rating in a report on Tuesday, February 27th. One analyst has rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat.com, PowerSchool has an average rating of “Moderate Buy” and an average target price of $27.67.

PowerSchool Price Performance

The stock has a market capitalization of $3.60 billion, a P/E ratio of -94.53, a PEG ratio of 0.59 and a beta of 0.89. The company has a current ratio of 0.30, a quick ratio of 0.30 and a debt-to-equity ratio of 0.46. The company has a fifty day simple moving average of $21.70 and a two-hundred day simple moving average of $22.26.

PowerSchool (NYSE:PWSC) last announced its quarterly earnings data on Monday, February 26th. The company reported $0.10 earnings per share for the quarter, missing the consensus estimate of $0.12 by ($0.02). The firm 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%. Sell-side analysts expect that PowerSchool Holdings, Inc. will post 0.61 EPS for the current fiscal year.

Insider Transactions at PowerSchool

In other news, CEO Hardeep Gulati sold 39,141 shares of the business’s stock in a transaction dated Wednesday, March 20th. The stock was sold at an average price of $21.19, for a total transaction of $829,397.79. Following the completion of the transaction, the chief executive officer now directly owns 2,087,121 shares in the company, valued at approximately $44,226,093.99. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In related news, CEO Hardeep Gulati sold 39,141 shares of the business’s stock in a transaction that occurred on Wednesday, March 20th. The stock was sold at an average price of $21.19, for a total value of $829,397.79. Following the completion of the transaction, the chief executive officer now directly owns 2,087,121 shares in the company, valued at approximately $44,226,093.99. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CRO Anthony Kender sold 6,809 shares of the business’s stock in a transaction that occurred on Tuesday, March 5th. The shares were sold at an average price of $20.30, for a total value of $138,222.70. Following the completion of the transaction, the executive now owns 202,356 shares of the company’s stock, valued at $4,107,826.80. The disclosure for this sale can be found here. In the last ninety days, insiders sold 176,535 shares of company stock worth $3,687,100. 0.60% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Riverbridge Partners LLC grew its holdings in shares of PowerSchool by 6.7% during the fourth quarter. Riverbridge Partners LLC now owns 1,552,773 shares of the company’s stock worth $36,583,000 after purchasing an additional 97,643 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its stake in PowerSchool by 30.2% in the third quarter. Charles Schwab Investment Management Inc. now owns 439,430 shares of the company’s stock valued at $9,957,000 after buying an additional 101,955 shares during the period. Allspring Global Investments Holdings LLC lifted its stake in PowerSchool by 27.0% in the third quarter. Allspring Global Investments Holdings LLC now owns 419,595 shares of the company’s stock valued at $9,508,000 after buying an additional 89,213 shares during the period. Bank of New York Mellon Corp lifted its stake in PowerSchool by 13.8% in the third quarter. Bank of New York Mellon Corp now owns 234,131 shares of the company’s stock valued at $5,305,000 after buying an additional 28,454 shares during the period. Finally, Vontobel Holding Ltd. acquired a new position in PowerSchool in the third quarter valued at approximately $373,000. 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.