Analysts Set PagerDuty (NYSE:PD) Price Target at $11.50

PagerDuty (NYSE:PD) has received a consensus recommendation of “Hold” from the eleven brokerages that are covering the company, Marketbeat.com reports. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and three have assigned a buy rating to the company. The average 1 year target price among brokerages that have covered the stock in the last year is $11.50.

Several analysts have recently commented on the company. Royal Bank Of Canada increased their target price on PagerDuty from $8.00 to $9.00 and gave the stock a “sector perform” rating in a report on Friday, May 29th. Wall Street Zen upgraded shares of PagerDuty from a “hold” rating to a “buy” rating in a report on Saturday, July 4th. Weiss Ratings upgraded shares of PagerDuty from a “sell (d)” rating to a “sell (d+)” rating in a report on Monday. Truist Financial increased their price target on shares of PagerDuty from $9.00 to $11.00 and gave the company a “buy” rating in a report on Thursday, July 9th. Finally, Canaccord Genuity Group boosted their price target on PagerDuty from $9.00 to $10.00 and gave the stock a “buy” rating in a report on Friday, May 29th.

PagerDuty Trading Down 3.1%

Shares of PD stock opened at $10.32 on Monday. PagerDuty has a 1 year low of $5.70 and a 1 year high of $18.00. The company has a debt-to-equity ratio of 1.83, a quick ratio of 1.95 and a current ratio of 1.95. The stock has a fifty day moving average of $8.84 and a two-hundred day moving average of $8.46. The firm has a market capitalization of $796.26 million, a PE ratio of 5.06, a price-to-earnings-growth ratio of 2.73 and a beta of 0.94.

PagerDuty (NYSE:PD) last released its earnings results on Thursday, May 28th. The company reported $0.32 earnings per share for the quarter, beating the consensus estimate of $0.24 by $0.08. PagerDuty had a return on equity of 18.20% and a net margin of 38.60%.The company had revenue of $120.97 million for the quarter, compared to analysts’ expectations of $119.52 million. During the same quarter in the previous year, the business posted $0.24 EPS. The business’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. As a group, research analysts expect that PagerDuty will post 0.58 EPS for the current year.

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

Institutional Trading of PagerDuty

A number of institutional investors and hedge funds have recently modified their holdings of the business. Ameriprise Financial Inc. lifted its position in PagerDuty by 333.2% during the 3rd 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 period. Dimensional Fund Advisors LP purchased a new stake in PagerDuty in the first quarter valued at approximately $6,074,000. Alyeska Investment Group L.P. acquired a new position in PagerDuty in the 3rd quarter worth approximately $13,710,000. Danske Bank A S purchased a new position in PagerDuty during the 3rd quarter worth approximately $13,271,000. Finally, Jacobs Levy Equity Management Inc. purchased a new position in PagerDuty during the 4th quarter worth approximately $9,910,000. Institutional investors own 97.26% of the company’s stock.

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.