Zacks Investment Research Lowers Pagerduty (NYSE:PD) to Sell
According to Zacks, “Pagerduty Inc. provides digital operations management solutions. The Company offers software as a service based platform PagerDuty, which helps developers, DevOps, information technology operations and business to prevent and resolve business impacting incidents. Pagerduty Inc. is based in San Francisco, United States. “
Several other research analysts also recently commented on the company. Raymond James reaffirmed a buy rating on shares of Cineplex in a report on Tuesday, March 19th. JPMorgan Chase & Co. lifted their target price on Diageo from GBX 3,100 ($40.51) to GBX 3,200 ($41.81) and gave the stock a neutral rating in a report on Friday, June 7th. Morgan Stanley lifted their target price on Sonic Automotive from $10.00 to $18.00 and gave the stock an underweight rating in a report on Monday, May 6th. Royal Bank of Canada lowered their price objective on Toromont Industries from C$66.00 to C$65.00 and set a sector perform rating for the company in a research report on Monday, May 6th. Finally, Piper Jaffray Companies set a $10.00 price objective on Mammoth Energy Services and gave the stock a buy rating in a research report on Friday, June 7th. One analyst has rated the stock with a sell rating, four have given a hold rating and five have assigned a buy rating to the stock. Pagerduty currently has a consensus rating of Hold and a consensus price target of $42.50.
Pagerduty (NYSE:PD) last released its quarterly earnings data on Thursday, June 6th. The company reported ($0.22) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.24) by $0.02. The firm had revenue of $25.00 million for the quarter, compared to analyst estimates of $34.92 million. During the same period last year, the business earned $37.30 EPS. Research analysts forecast that Pagerduty will post -0.37 earnings per share for the current year.
In other news, insider Dan Alexandru Solomon sold 342,000 shares of Pagerduty stock in a transaction dated Monday, April 15th. The stock was sold at an average price of $22.32, for a total value of $7,633,440.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.
Pagerduty Company Profile
PagerDuty, Inc operates an On-Call Management platform. The company's platform collects signals from software-enabled system or device, correlates and interprets signals to identify events, and engages team members to take action in real time. It serves developer, IT, security, and customer support segments.
See Also: Growth and Income Funds
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Pagerduty Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Pagerduty and related companies with MarketBeat.com's FREE daily email newsletter.