PowerSchool (NYSE:PWSC) Sees Unusually-High Trading Volume

PowerSchool Holdings, Inc. (NYSE:PWSC) saw unusually-high trading volume on Thursday . Approximately 1,455,656 shares were traded during mid-day trading, an increase of 1% from the previous session’s volume of 1,443,394 shares.The stock last traded at $22.69 and had previously closed at $22.68.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on PWSC. Macquarie cut shares of PowerSchool from an “outperform” rating to a “neutral” rating and set a $22.80 price target on the stock. in a report on Monday, June 10th. Needham & Company LLC restated a “hold” rating on shares of PowerSchool in a research note on Friday, June 7th. Piper Sandler reissued a “neutral” rating and issued a $22.80 price objective (down from $24.00) on shares of PowerSchool in a report on Friday, June 7th. Robert W. Baird reaffirmed a “neutral” rating and set a $23.00 target price (down from $26.00) on shares of PowerSchool in a report on Friday, June 7th. Finally, Barclays dropped their target price on PowerSchool from $28.00 to $23.00 and set an “overweight” rating on the stock in a research report on Wednesday, May 8th. Ten research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat, PowerSchool currently has an average rating of “Hold” and a consensus target price of $24.02.

PowerSchool Trading Down 0.1 %

The company has a current ratio of 0.28, a quick ratio of 0.28 and a debt-to-equity ratio of 0.47. The company has a fifty day simple moving average of $22.52 and a 200-day simple moving average of $21.30. The company has a market capitalization of $4.61 billion, a PE ratio of -94.46 and a beta of 1.06.

PowerSchool (NYSE:PWSC) last issued its quarterly earnings data on Friday, August 9th. The company reported $0.23 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.24 by ($0.01). PowerSchool had a negative net margin of 7.51% and a positive return on equity of 6.10%. The company had revenue of $191.59 million during the quarter, compared to analysts’ expectations of $195.32 million. During the same quarter last year, the firm posted $0.23 earnings per share. The firm’s quarterly revenue was up 10.2% on a year-over-year basis. Analysts predict that PowerSchool Holdings, Inc. will post 0.5 EPS for the current year.

Insider Buying and Selling at PowerSchool

In other PowerSchool news, CEO Hardeep Gulati sold 85,000 shares of the company’s stock in a transaction dated Monday, June 3rd. The stock was sold at an average price of $21.35, for a total transaction of $1,814,750.00. Following the sale, the chief executive officer now owns 1,715,667 shares in the company, valued at approximately $36,629,490.45. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In other PowerSchool news, CEO Hardeep Gulati sold 85,000 shares of the firm’s stock in a transaction that occurred on Monday, June 3rd. The shares were sold at an average price of $21.35, for a total transaction of $1,814,750.00. Following the sale, the chief executive officer now owns 1,715,667 shares of the company’s stock, valued at $36,629,490.45. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO Eric Ryan Shander sold 16,070 shares of the firm’s stock in a transaction dated Tuesday, June 4th. The stock was sold at an average price of $22.12, for a total value of $355,468.40. Following the transaction, the chief financial officer now directly owns 515,061 shares in the company, valued at approximately $11,393,149.32. The disclosure for this sale can be found here. Insiders sold 255,074 shares of company stock valued at $5,620,170 in the last 90 days. Company insiders own 0.60% of the company’s stock.

Hedge Funds Weigh In On PowerSchool

Institutional investors have recently bought and sold shares of the company. Covestor Ltd increased its stake in PowerSchool by 353.4% in the 1st quarter. Covestor Ltd now owns 1,283 shares of the company’s stock valued at $27,000 after purchasing an additional 1,000 shares in the last quarter. Park Place Capital Corp increased its stake in shares of PowerSchool by 106.8% in the first 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 last quarter. Comerica Bank raised its stake in shares of PowerSchool by 111.8% in the 1st quarter. Comerica Bank now owns 1,493 shares of the company’s stock valued at $32,000 after purchasing an additional 788 shares in the last quarter. International Assets Investment Management LLC raised its stake in PowerSchool by 3,244.4% during the fourth quarter. International Assets Investment Management LLC now owns 2,709 shares of the company’s stock valued at $64,000 after buying an additional 2,628 shares in the last quarter. Finally, Natixis Investment Managers International raised its position in shares of PowerSchool by 77.1% during the 1st quarter. Natixis Investment Managers International now owns 3,260 shares of the company’s stock valued at $69,000 after acquiring an additional 1,419 shares in the last quarter. 65.29% of the stock is owned by institutional investors and hedge funds.

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.