Wall Street Zen Downgrades PagerDuty (NYSE:PD) to Hold

PagerDuty (NYSE:PD) was downgraded by equities research analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a research note issued on Saturday.

Several other research analysts have also issued reports on the stock. William Blair reissued a “market perform” rating on shares of PagerDuty in a research note on Friday, March 13th. Canaccord Genuity Group cut their target price on shares of PagerDuty from $19.00 to $9.00 and set a “buy” rating on the stock in a research note on Friday, March 13th. Royal Bank Of Canada cut their target price on shares of PagerDuty from $9.00 to $8.00 and set a “sector perform” rating on the stock in a research note on Friday, March 13th. Truist Financial cut their target price on shares of PagerDuty from $12.00 to $9.00 and set a “buy” rating on the stock in a research note on Friday, March 13th. Finally, TD Cowen cut their target price on shares of PagerDuty from $20.00 to $10.00 and set a “buy” rating on the stock in a research note on Friday, March 13th. Three 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. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $12.40.

PagerDuty Trading Up 0.5%

PD opened at $7.33 on Friday. PagerDuty has a twelve month low of $5.70 and a twelve month high of $18.00. The company has a quick ratio of 2.01, a current ratio of 2.01 and a debt-to-equity ratio of 1.56. The company has a fifty day moving average of $6.75 and a 200-day moving average of $10.36. The stock has a market cap of $622.55 million, a PE ratio of 3.98, a price-to-earnings-growth ratio of 3.24 and a beta of 0.78.

PagerDuty (NYSE:PD) last posted its quarterly earnings data on Thursday, March 12th. The company reported $0.29 earnings per share for the quarter, topping the consensus estimate of $0.24 by $0.05. The company had revenue of $124.79 million during the quarter, compared to analysts’ expectations of $122.96 million. PagerDuty had a net margin of 35.30% and a return on equity of 16.29%. PagerDuty’s revenue for the quarter was up 2.7% compared to the same quarter last year. During the same period in the prior year, the company posted $0.22 earnings per share. PagerDuty has set its Q1 2027 guidance at 0.230-0.250 EPS and its FY 2027 guidance at 1.230-1.280 EPS. On average, sell-side analysts predict that PagerDuty will post 0.34 EPS for the current year.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in PD. Royal Bank of Canada lifted its stake in shares of PagerDuty by 60.8% in the first quarter. Royal Bank of Canada now owns 96,575 shares of the company’s stock valued at $1,764,000 after buying an additional 36,517 shares in the last quarter. AQR Capital Management LLC lifted its position in shares of PagerDuty by 110.6% during the first quarter. AQR Capital Management LLC now owns 147,127 shares of the company’s stock valued at $2,679,000 after purchasing an additional 77,251 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of PagerDuty by 1.3% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 51,601 shares of the company’s stock valued at $943,000 after purchasing an additional 671 shares in the last quarter. Millennium Management LLC lifted its position in shares of PagerDuty by 55.4% during the first quarter. Millennium Management LLC now owns 1,005,111 shares of the company’s stock valued at $18,363,000 after purchasing an additional 358,347 shares in the last quarter. Finally, Woodline Partners LP bought a new position in shares of PagerDuty during the first quarter valued at about $556,000. 97.26% of the stock is 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.