Truist Financial Increases PagerDuty (NYSE:PD) Price Target to $11.00

PagerDuty (NYSE:PD) had its price target upped by equities research analysts at Truist Financial from $9.00 to $11.00 in a research note issued to investors on Thursday,Benzinga reports. The brokerage currently has a “buy” rating on the stock. Truist Financial’s price target indicates a potential upside of 6.64% from the stock’s current price.

Other analysts have also recently issued reports about the stock. Wall Street Zen raised shares of PagerDuty from a “hold” rating to a “buy” rating in a research report on Saturday, July 4th. William Blair restated a “market perform” rating on shares of PagerDuty in a research note on Friday, March 13th. Canaccord Genuity Group upped their target price on PagerDuty from $9.00 to $10.00 and gave the stock a “buy” rating in a research report on Friday, May 29th. Weiss Ratings reiterated a “sell (d)” rating on shares of PagerDuty in a research note on Friday, May 22nd. Finally, Royal Bank Of Canada raised their target price on PagerDuty from $8.00 to $9.00 and gave the company a “sector perform” rating in a report on Friday, May 29th. Three analysts have rated the stock with a Buy rating, six have given a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $11.50.

PagerDuty Trading Down 1.4%

NYSE PD opened at $10.31 on Thursday. The firm has a market capitalization of $795.49 million, a price-to-earnings ratio of 5.06, a PEG ratio of 2.68 and a beta of 0.94. 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 one year low of $5.70 and a one year high of $18.00. The company’s 50 day moving average price is $8.47 and its 200 day moving average price is $8.54.

PagerDuty (NYSE:PD) last released its quarterly earnings data on Thursday, May 28th. The company reported $0.32 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.24 by $0.08. PagerDuty had a net margin of 38.60% and a return on equity of 18.20%. The company had revenue of $120.97 million during the quarter, compared to the consensus estimate of $119.52 million. During the same period in the previous year, the firm earned $0.24 earnings per share. PagerDuty’s revenue for the quarter was up 1.0% on a year-over-year basis. PagerDuty has set its Q2 2027 guidance at 0.290-0.310 EPS. On average, sell-side analysts predict that PagerDuty will post 0.58 EPS for the current year.

PagerDuty declared that its Board of Directors has initiated a stock buyback program on Thursday, May 28th that allows the company to repurchase $100.00 million in outstanding shares. This repurchase authorization allows the company to buy up to 16.4% of its shares through open market purchases. Shares repurchase programs are generally a sign that the company’s board of directors believes its stock is undervalued.

Hedge Funds Weigh In On PagerDuty

A number of institutional investors have recently made changes to their positions in PD. Vanguard Group Inc. lifted its holdings in shares of PagerDuty by 3.8% during the fourth quarter. Vanguard Group Inc. now owns 13,066,929 shares of the company’s stock worth $171,307,000 after buying an additional 472,975 shares during the last quarter. Geode Capital Management LLC grew its stake in shares of PagerDuty by 2.9% in the fourth quarter. Geode Capital Management LLC now owns 2,113,117 shares of the company’s stock worth $27,708,000 after acquiring an additional 58,881 shares during the last quarter. Ameriprise Financial Inc. grew its stake in shares of PagerDuty by 333.2% in 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. Loomis Sayles & Co. L P increased its position in PagerDuty by 0.3% during the fourth quarter. Loomis Sayles & Co. L P now owns 1,092,963 shares of the company’s stock worth $14,329,000 after acquiring an additional 3,276 shares during the period. Finally, Millennium Management LLC increased its position in PagerDuty by 55.4% during the first quarter. Millennium Management LLC now owns 1,005,111 shares of the company’s stock worth $18,363,000 after acquiring an additional 358,347 shares during the period. 97.26% of the stock is currently owned by institutional investors.

PagerDuty Company Profile

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.