Citizens Jmp Issues Pessimistic Forecast for Pegasystems (NASDAQ:PEGA) Stock Price

Pegasystems (NASDAQ:PEGA) had its price target lowered by Citizens Jmp from $78.00 to $58.00 in a report issued on Thursday,Benzinga reports. The brokerage currently has a “market outperform” rating on the technology company’s stock. Citizens Jmp’s price objective would indicate a potential upside of 32.27% from the company’s current price.

A number of other research firms have also weighed in on PEGA. Citigroup reaffirmed a “buy” rating and issued a $73.00 price objective (down from $81.00) on shares of Pegasystems in a research note on Thursday. DA Davidson raised shares of Pegasystems from a “neutral” rating to a “buy” rating and upped their price target for the stock from $60.00 to $85.00 in a research report on Wednesday, October 22nd. Weiss Ratings reiterated a “hold (c+)” rating on shares of Pegasystems in a research note on Monday, December 29th. Barclays boosted their price objective on shares of Pegasystems from $58.00 to $67.00 and gave the stock an “equal weight” rating in a research note on Thursday, October 23rd. Finally, Wall Street Zen raised Pegasystems from a “buy” rating to a “strong-buy” rating in a research report on Saturday, January 31st. Ten investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $66.95.

Pegasystems Stock Performance

Pegasystems stock opened at $43.85 on Thursday. The company has a market capitalization of $7.41 billion, a PE ratio of 20.54 and a beta of 1.07. The company has a 50 day moving average price of $53.64 and a 200-day moving average price of $55.70. Pegasystems has a fifty-two week low of $29.84 and a fifty-two week high of $68.10.

Pegasystems (NASDAQ:PEGA) last released its quarterly earnings data on Tuesday, February 10th. The technology company reported $0.76 EPS for the quarter, topping the consensus estimate of $0.74 by $0.02. The company had revenue of $504.32 million for the quarter, compared to the consensus estimate of $494.60 million. Pegasystems had a return on equity of 38.86% and a net margin of 22.54%.Pegasystems’s quarterly revenue was up 2.8% on a year-over-year basis. During the same period last year, the business posted $0.80 EPS. Pegasystems has set its FY 2026 guidance at 2.750-2.750 EPS. On average, analysts forecast that Pegasystems will post 1.89 earnings per share for the current year.

Insiders Place Their Bets

In other news, insider Rifat Kerim Akgonul sold 4,000 shares of the business’s stock in a transaction dated Monday, December 8th. The stock was sold at an average price of $60.19, for a total transaction of $240,760.00. Following the sale, the insider owned 112,845 shares in the company, valued at approximately $6,792,140.55. The trade was a 3.42% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Kenneth Stillwell sold 14,405 shares of the stock in a transaction that occurred on Friday, December 5th. The shares were sold at an average price of $57.87, for a total transaction of $833,617.35. Following the completion of the transaction, the chief financial officer directly owned 131,621 shares of the company’s stock, valued at $7,616,907.27. The trade was a 9.86% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders sold 108,405 shares of company stock valued at $5,896,127. 49.70% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Pegasystems

Several hedge funds have recently made changes to their positions in the company. Hazlett Burt & Watson Inc. acquired a new stake in Pegasystems during the 3rd quarter worth about $28,000. International Assets Investment Management LLC purchased a new position in shares of Pegasystems in the fourth quarter worth about $28,000. Spire Wealth Management lifted its holdings in shares of Pegasystems by 274.2% during the second quarter. Spire Wealth Management now owns 565 shares of the technology company’s stock worth $31,000 after purchasing an additional 414 shares during the period. Hantz Financial Services Inc. boosted its position in Pegasystems by 321.6% in the third quarter. Hantz Financial Services Inc. now owns 565 shares of the technology company’s stock valued at $32,000 after buying an additional 431 shares during the last quarter. Finally, Mather Group LLC. acquired a new position in Pegasystems in the 3rd quarter worth approximately $33,000. 46.89% of the stock is owned by institutional investors and hedge funds.

More Pegasystems News

Here are the key news stories impacting Pegasystems this week:

• Positive Sentiment: Barclays upgraded PEGA, citing accelerating Pega Cloud adoption and strong AI positioning after the recent selloff — the note frames current weakness as a buying opportunity. Barclays upgrade
• Positive Sentiment: Coverage highlighting Pegasystems’ strong 2025 results, legal relief and an enlarged buyback has shifted the investment narrative toward capital returns plus improving fundamentals. Strong 2025 results & buyback
• Positive Sentiment: Management reiterated growth ambitions (targeting $2B revenue) and emphasized “predictable AI” and cloud migration as the path to mid-teens ACV/revenue growth — a roadmap investors view as supportive of durable recurring revenue. $2B revenue target
• Positive Sentiment: Pegasystems is targeting ~15% ACV and revenue growth in 2026 as Pega Cloud adoption accelerates — a concrete growth guide that supports multiple expansion if execution continues. 2026 growth targets
• Positive Sentiment: Rosenblatt reaffirmed a buy rating with a $62 target, signaling at least some analyst conviction behind the recovery narrative. Rosenblatt reaffirmation
• Positive Sentiment: Intraday market commentary noted PEGA “making a mark” on Nasdaq as digital solutions momentum attracts trader interest. Nasdaq momentum
• Neutral Sentiment: Analysts and commentary are reassessing valuation after recent share‑price weakness — useful context for longer‑term investors but not an immediate catalyst. Valuation assessment
• Neutral Sentiment: Comparative coverage contrasts PEGA with peers (e.g., Trend Micro) — background reading for investors sizing competitive risk. Peer contrast
• Negative Sentiment: Wedbush cut its price target from $75 to $60 (still an outperform), reducing upside projection and signaling more conservative near‑term expectations. Wedbush PT cut
• Negative Sentiment: Citizens Jmp lowered its target from $78 to $58, trimming analyst upside and reflecting continued analyst divergence on fair value. Citizens Jmp PT cut
• Negative Sentiment: Pegasystems agreed to pay $7M to resolve investors’ trade‑secret claims — a modest one‑time hit but a headline negative that briefly pressures sentiment. Legal settlement

About Pegasystems

Pegasystems Inc is a software company specializing in customer engagement and digital process automation solutions. Headquartered in Cambridge, Massachusetts, Pegasystems develops enterprise applications designed to help organizations streamline operations, manage customer interactions and automate complex workflows. Its platform supports a wide range of use cases, from sales and marketing optimization to case management and robotic process automation.

The core of Pegasystems’ offering is the Pega Platform, a low-code development environment that enables businesses to build and deploy applications with minimal hand-coding.