A:Answer Best answer I could say is "it depends."
From a technical standpoint, this camera does a *lovely* job with dance shows. Because of sensor size, when filming "wide", your downstage and upstage dancers will both be in focus and parents will all be happy with that.
Operationally it's pretty easy to use (and can be put in an "auto" mode even). That said, my "it depends" answer is because stage productions often have diverse lighting, and sometimes specials or a follow-spotlight. In some circumstances, if the camera sees more dark areas than light on the stage, in auto settings it may gain-up the image and blow out your performers.
I always would recommend you hire a professional for your parents -- the kids and your choreographers have worked hard all year to get to this point, and you really don't want parents blocking each other and missing the show BC they were too busy with their phones recording, ya? A single "camera on a stick" in the back, monitored by someone to tweak the exposure as needed -- this camera would probably fit the bill for you. If possible and you can hire someone, look for someone who will shoot with 2 or 3 cameras and edit them for you... a WORLD of difference from production-quality standpoint.