PowerSchool Holdings Inc. (NYSE: PWSC) stock fell -0.11% on Thursday to $18.15 against a previous-day closing price of $18.17. With 0.71 million shares changed hands, the volume of the stock remained lighter than its average volume of 0.82 million shares. During the session, the Software – Application company that operates in wider Technology sector, reached to the highest price of $18.40 whereas the lowest price it dropped to was $17.75. The 52-week range on PWSC shows that it touched its highest point at $26.05 and its lowest point at $11.48 during that stretch. It currently has a 1-year price target of $26.08.
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Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of PWSC was up-trending over the past week, with a rise of 1.79%, but this was down by -12.78% over a month. Three-month performance dropped to -20.22% while six-month performance fell -8.61%. The stock gained 47.32% in the past year, while it has lost -21.36% so far this year. A look at the trailing 12-month EPS for PWSC yields -0.13 with Next year EPS estimates of 0.99. For the next quarter, that number is 0.22. This implies an EPS growth rate of 38.90% for this year and 14.29% for next year.
Float and Shares Shorts:
At present, 160.51 million PWSC shares are outstanding with a float of 155.43 million shares on hand for trading. On Apr 27, 2023, short shares totaled 1.5 million, which was 0.75% higher than short shares on Mar 30, 2023. In addition to Mr. Hardeep Singh Gulati as the firm’s CEO & Director, Mr. Eric R. Shander serves as its Pres & CFO.
Institutional Ownership:
Through their ownership of 95.15% of PWSC’s outstanding shares, institutional investors have majority control over the company. Other institutions hold 20.43% of PWSC, in contrast to 2.95% held by mutual funds. Shares owned by individuals account for 14.01%. As the largest shareholder in PWSC with 6.33% of the stake, Canada Pension Plan Investment Bo holds 10,111,111 shares worth 10,111,111. A second-largest stockholder of PWSC, The Vanguard Group, Inc., holds 5,329,829 shares, controlling over 3.34% of the firm’s shares. Wellington Management Co. LLP is the third largest shareholder in PWSC, holding 4,540,357 shares or 2.84% stake. With a 6.96% stake in PWSC, the Canada Pension Plan is the largest stakeholder. A total of 11,111,000 shares are owned by the mutual fund manager. The Vanguard Total Stock Market ETF, which owns about 1.08% of PWSC stock, is the second-largest Mutual Fund holder. It holds 1,718,180 shares valued at 35.88 million. Vanguard Small Cap Index Fund holds 0.92% of the stake in PWSC, owning 1,465,652 shares worth 30.6 million.
An Overview of Recent Financials:
Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on Mar 30, 2023, PWSC reported revenue of $157.59M and operating income of -$103.00k. The EBITDA in the recently reported quarter was $30.77M and diluted EPS was -$0.03.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for PWSC since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential. With PWSC analysts setting a high price target of $32.00 and a low target of $22.00, the average target price over the next 12 months is $26.23. Based on these targets, PWSC could surge 76.31% to reach the target high and rise by 21.21% to reach the target low. Reaching the average price target will result in a growth of 44.52% from current levels.
EPS: Estimates vs Actual
It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy.
Summary of Insider Activity:
Insiders traded PWSC stock several times over the past three months with 8 Buys and 19 Sells. In these transactions, 2,834,998 shares were bought while 11,133,705 shares were sold. The number of buy transactions has increased to 12 while that of sell transactions has risen to 38 over the past year. The total number of shares bought during that period was 2,960,431 while 11,883,792 shares were sold.
