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

PowerSchool Holdings, Inc. (NYSE:PWSC)’s stock price gapped down prior to trading 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 changing hands.

Analysts Set New Price Targets

Several research analysts have commented on the stock. TheStreet downgraded shares of PowerSchool from a “b-” rating to a “c” rating in a report on Monday, January 29th. Piper Sandler reissued an “overweight” rating and issued a $29.00 price target on shares of PowerSchool in a report on Wednesday, March 6th. Finally, The Goldman Sachs Group raised their price target on shares of 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 assigned a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $27.67.

PowerSchool Trading Up 0.2 %

The firm has a market capitalization of $3.54 billion, a PE ratio of -91.74, a PEG ratio of 0.52 and a beta of 0.89. 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 stock’s fifty day simple moving average is $21.43 and its 200 day simple moving average is $22.19.

PowerSchool (NYSE:PWSC) last announced 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). The firm had revenue of $182.14 million during the quarter, compared to analysts’ expectations of $183.35 million. PowerSchool had a positive return on equity of 6.08% and a negative net margin of 4.46%. On average, sell-side analysts predict that PowerSchool Holdings, Inc. will post 0.61 earnings per share for the current year.

Insider Activity at PowerSchool

In related news, CEO Hardeep Gulati sold 39,141 shares of the firm’s stock in a transaction on Wednesday, March 20th. The shares were 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 of the company’s stock, valued at $44,226,093.99. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other PowerSchool news, CFO Eric Ryan Shander sold 3,047 shares of the stock in a transaction on Tuesday, March 5th. The shares were sold at an average price of $20.30, for a total transaction of $61,854.10. Following the completion of the transaction, the chief financial officer now owns 492,191 shares in the company, valued at $9,991,477.30. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Hardeep Gulati sold 39,141 shares of the stock in a transaction on Wednesday, March 20th. The shares were sold at an average price of $21.19, for a total transaction of $829,397.79. Following the transaction, the chief executive officer now owns 2,087,121 shares of the company’s stock, valued at approximately $44,226,093.99. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 176,535 shares of company stock valued at $3,687,100. Corporate insiders own 0.60% of the company’s stock.

Institutional Investors Weigh In On PowerSchool

Several institutional investors have recently made changes to their positions in PWSC. JPMorgan Chase & Co. lifted its holdings in shares of PowerSchool by 247.8% in the 1st quarter. JPMorgan Chase & Co. now owns 137,255 shares of the company’s stock worth $2,266,000 after acquiring an additional 97,789 shares during the last quarter. MetLife Investment Management LLC lifted its holdings in shares of PowerSchool by 22.8% in the 1st quarter. MetLife Investment Management LLC now owns 24,839 shares of the company’s stock worth $410,000 after acquiring an additional 4,613 shares during the last quarter. Blair William & Co. IL lifted its holdings in shares of PowerSchool by 54.2% in the 1st quarter. Blair William & Co. IL now owns 122,454 shares of the company’s stock worth $2,022,000 after acquiring an additional 43,039 shares during the last quarter. Lord Abbett & CO. LLC bought a new stake in shares of PowerSchool in the 1st quarter worth about $11,702,000. Finally, Sei Investments Co. lifted its holdings in PowerSchool by 2.6% during the 1st quarter. Sei Investments Co. now owns 79,000 shares of the company’s stock valued at $1,304,000 after buying an additional 2,000 shares in the last quarter. Institutional investors own 65.29% of the company’s stock.

About PowerSchool

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.