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

PowerSchool Holdings, Inc. (NYSE:PWSC) 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 traded.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on PWSC. TheStreet lowered PowerSchool from a “b-” rating to a “c” rating in a research report on Monday, January 29th. Piper Sandler reaffirmed an “overweight” rating and issued a $29.00 target price on shares of PowerSchool in a research report on Wednesday, March 6th. Finally, The Goldman Sachs Group increased their target price on PowerSchool from $27.00 to $30.00 and gave the stock a “buy” rating in a research 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 data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $27.67.

PowerSchool Price Performance

The company has a 50 day moving average of $21.43 and a two-hundred day moving average of $22.19. The firm has a market cap of $3.54 billion, a P/E 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.

PowerSchool (NYSE:PWSC) last announced its earnings results 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). PowerSchool had a negative net margin of 4.46% and a positive return on equity of 6.08%. The firm had revenue of $182.14 million for the quarter, compared to the consensus estimate of $183.35 million. Sell-side analysts expect that PowerSchool Holdings, Inc. will post 0.61 EPS for the current year.

Insiders Place Their Bets

In other PowerSchool news, CEO Hardeep Gulati sold 1,400 shares of the firm’s stock in a transaction dated 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 approximately $43,325,904.64. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, CEO Hardeep Gulati sold 1,400 shares of the firm’s stock in a transaction dated 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 of the company’s stock, valued at approximately $43,325,904.64. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Eric Ryan Shander sold 3,250 shares of the firm’s stock in a transaction dated Wednesday, March 27th. The stock was sold at an average price of $20.87, for a total value of $67,827.50. Following the sale, the chief financial officer now directly owns 488,941 shares of the company’s stock, valued at $10,204,198.67. 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 Trading of PowerSchool

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. JPMorgan Chase & Co. grew its holdings in shares of PowerSchool by 247.8% during the 1st quarter. JPMorgan Chase & Co. now owns 137,255 shares of the company’s stock worth $2,266,000 after purchasing an additional 97,789 shares in the last quarter. MetLife Investment Management LLC grew its holdings in shares of PowerSchool by 22.8% during the 1st quarter. MetLife Investment Management LLC now owns 24,839 shares of the company’s stock worth $410,000 after purchasing an additional 4,613 shares in the last quarter. Blair William & Co. IL grew its holdings in shares of PowerSchool by 54.2% during the 1st quarter. Blair William & Co. IL now owns 122,454 shares of the company’s stock worth $2,022,000 after purchasing an additional 43,039 shares in the last quarter. Lord Abbett & CO. LLC acquired a new stake in shares of PowerSchool during the 1st quarter worth approximately $11,702,000. Finally, Sei Investments Co. grew its holdings in shares of PowerSchool by 2.6% during the 1st quarter. Sei Investments Co. now owns 79,000 shares of the company’s stock worth $1,304,000 after purchasing an additional 2,000 shares in the last quarter. Institutional investors and hedge funds 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.