PagerDuty (NYSE:PD) Lowered to Hold Rating by Wall Street Zen

Wall Street Zen downgraded shares of PagerDuty (NYSE:PD) from a buy rating to a hold rating in a research report sent to investors on Monday.

Several other equities research analysts have also issued reports on the stock. Zacks Research lowered shares of PagerDuty from a “strong-buy” rating to a “hold” rating in a research report on Monday, January 26th. Truist Financial lowered their price objective on shares of PagerDuty from $12.00 to $9.00 and set a “buy” rating on the stock in a research report on Friday, March 13th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of PagerDuty in a report on Monday, December 29th. Bank of America started coverage on shares of PagerDuty in a research report on Tuesday, December 2nd. They issued an “underperform” rating and a $12.00 target price for the company. Finally, TD Cowen reduced their target price on PagerDuty from $20.00 to $10.00 and set a “buy” rating on the stock in a research note on Friday, March 13th. Three equities research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and three have assigned a Sell rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $12.40.

PagerDuty Stock Performance

NYSE:PD opened at $6.16 on Monday. The business’s 50-day moving average price is $7.88 and its two-hundred day moving average price is $12.12. PagerDuty has a twelve month low of $5.91 and a twelve month high of $18.51. The stock has a market cap of $523.05 million, a P/E ratio of 3.35, a PEG ratio of 2.67 and a beta of 0.73. The company has a quick ratio of 2.01, a current ratio of 2.01 and a debt-to-equity ratio of 1.56.

PagerDuty (NYSE:PD) last issued its quarterly earnings results on Thursday, March 12th. The company reported $0.29 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.24 by $0.05. The firm had revenue of $124.79 million during the quarter, compared to the consensus estimate of $122.96 million. PagerDuty had a return on equity of 16.29% and a net margin of 35.30%.The company’s revenue for the quarter was up 2.7% on a year-over-year basis. During the same quarter last year, the company posted $0.22 EPS. PagerDuty has set its Q1 2027 guidance at 0.230-0.250 EPS and its FY 2027 guidance at 1.230-1.280 EPS. As a group, equities analysts predict that PagerDuty will post -0.27 EPS for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. Alpine Global Management LLC bought a new stake in shares of PagerDuty in the 4th quarter worth approximately $179,000. Pacer Advisors Inc. boosted its stake in shares of PagerDuty by 11.7% in the 4th quarter. Pacer Advisors Inc. now owns 327,807 shares of the company’s stock valued at $4,298,000 after purchasing an additional 34,363 shares in the last quarter. Invesco Ltd. grew its holdings in shares of PagerDuty by 24.3% during the 4th quarter. Invesco Ltd. now owns 133,179 shares of the company’s stock valued at $1,746,000 after purchasing an additional 26,000 shares during the last quarter. EP Wealth Advisors LLC bought a new position in shares of PagerDuty during the 4th quarter valued at $191,000. Finally, XTX Topco Ltd raised its position in PagerDuty by 713.4% in the 4th quarter. XTX Topco Ltd now owns 223,095 shares of the company’s stock worth $2,925,000 after purchasing an additional 195,667 shares during the period. 97.26% of the stock is owned by hedge funds and other institutional investors.

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.