PagerDuty (NYSE:PD) Receives Average Rating of “Hold” from Brokerages

Shares of PagerDuty (NYSE:PD) have received an average recommendation of “Hold” from the eleven ratings firms that are presently covering the firm, MarketBeat.com reports. Three equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and three have issued a buy rating on the company. The average 12 month price target among analysts that have issued a report on the stock in the last year is $11.50.

A number of analysts recently weighed in on the stock. Truist Financial upped their price target on shares of PagerDuty from $9.00 to $11.00 and gave the stock a “buy” rating in a research report on Thursday, July 9th. Wall Street Zen downgraded PagerDuty from a “buy” rating to a “hold” rating in a report on Saturday, July 25th. Weiss Ratings raised PagerDuty from a “sell (d)” rating to a “sell (d+)” rating in a research report on Monday, July 13th. Morgan Stanley cut PagerDuty from an “equal weight” rating to an “underweight” rating and decreased their price target for the stock from $10.00 to $9.00 in a report on Tuesday, July 21st. Finally, Canaccord Genuity Group increased their price objective on shares of PagerDuty from $9.00 to $10.00 and gave the company a “buy” rating in a research report on Friday, May 29th.

Hedge Funds Weigh In On PagerDuty

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Ameriprise Financial Inc. increased its position in shares of PagerDuty by 333.2% during the third quarter. Ameriprise Financial Inc. now owns 1,450,429 shares of the company’s stock worth $23,961,000 after acquiring an additional 1,115,577 shares during the last quarter. Dimensional Fund Advisors LP purchased a new position in PagerDuty in the first quarter valued at about $6,074,000. Alyeska Investment Group L.P. purchased a new position in PagerDuty in the third quarter valued at about $13,710,000. Danske Bank A S acquired a new stake in PagerDuty during the 3rd quarter valued at approximately $13,271,000. Finally, Bank of New York Mellon Corp acquired a new stake in PagerDuty during the 2nd quarter valued at approximately $7,629,000. 97.26% of the stock is owned by hedge funds and other institutional investors.

PagerDuty Stock Up 6.1%

Shares of NYSE:PD opened at $12.05 on Friday. The company has a debt-to-equity ratio of 1.83, a quick ratio of 1.95 and a current ratio of 1.95. PagerDuty has a 1 year low of $5.70 and a 1 year high of $17.29. The stock has a market capitalization of $929.68 million, a P/E ratio of 5.91, a PEG ratio of 2.91 and a beta of 0.93. The stock has a 50-day simple moving average of $9.92 and a 200-day simple moving average of $8.24.

PagerDuty (NYSE:PD) last posted its quarterly earnings results on Thursday, May 28th. The company reported $0.32 EPS for the quarter, beating the consensus estimate of $0.24 by $0.08. The firm had revenue of $120.97 million for the quarter, compared to analyst estimates of $119.52 million. PagerDuty had a net margin of 38.60% and a return on equity of 18.20%. PagerDuty’s revenue for the quarter was up 1.0% compared to the same quarter last year. During the same quarter last year, the firm posted $0.24 earnings per share. PagerDuty has set its Q2 2027 guidance at 0.290-0.310 EPS. Equities analysts forecast that PagerDuty will post 0.58 earnings per share for the current year.

PagerDuty announced that its board has authorized a share buyback plan on Thursday, May 28th that permits the company to buyback $100.00 million in shares. This buyback authorization permits the company to repurchase up to 16.4% of its shares through open market purchases. Shares buyback plans are generally an indication that the company’s management believes its shares are undervalued.

About PagerDuty

PagerDuty, Inc engages in the operation of a digital operations management platform in the United States and internationally. The company’s digital operations management platform collects data and digital signals from virtually any software-enabled system or device and leverage machine learning to correlate, process, and predict opportunities and issues. Its platform includes PagerDuty Incident Management that provides a real-time view across the status of a digital service while incorporating noise reduction to remove false positives; AIOps that applies machine learning to correlate and automate the identification of incidents from billions of events; Process Automation offers centralized design time and run time environment for orchestrating automated workflows that span across departments, technologies, and networks; Customer Service Operations, which is offered to orchestrate, automate, and scale responses to customer impacting issues.