PagerDuty (NYSE:PD) Receives $11.50 Average PT from Brokerages

PagerDuty (NYSE:PD) has been assigned a consensus recommendation of “Hold” from the eleven research firms that are currently covering the firm, Marketbeat.com reports. Three investment analysts have rated the stock with a sell rating, five have issued a hold rating and three have assigned a buy rating to the company. The average twelve-month price objective among brokerages that have covered the stock in the last year is $11.50.

PD has been the subject of several recent analyst reports. Weiss Ratings upgraded shares of PagerDuty from a “sell (d)” rating to a “sell (d+)” rating in a report on Monday, July 13th. Canaccord Genuity Group boosted their target price on PagerDuty from $9.00 to $10.00 and gave the stock a “buy” rating in a report on Friday, May 29th. Truist Financial upped their target price on PagerDuty from $9.00 to $11.00 and gave the stock a “buy” rating in a research report on Thursday, July 9th. Royal Bank Of Canada increased their price target on PagerDuty from $8.00 to $9.00 and gave the company a “sector perform” rating in a research note on Friday, May 29th. Finally, Wall Street Zen cut PagerDuty from a “buy” rating to a “hold” rating in a research report on Saturday, July 25th.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the company. Ieq Capital LLC bought a new stake in PagerDuty in the second quarter worth about $3,918,000. Green Alpha Advisors LLC bought a new position in shares of PagerDuty during the 2nd quarter valued at about $348,000. Allworth Financial LP acquired a new position in shares of PagerDuty in the 2nd quarter worth approximately $92,000. Virtus Advisers LLC acquired a new position in shares of PagerDuty in the 2nd quarter worth approximately $382,000. Finally, Vise Technologies Inc. acquired a new position in shares of PagerDuty in the 2nd quarter worth approximately $365,000. 97.26% of the stock is owned by institutional investors and hedge funds.

PagerDuty Price Performance

Shares of NYSE PD opened at $11.84 on Friday. The stock has a market cap of $913.02 million, a P/E ratio of 5.80, a P/E/G ratio of 3.05 and a beta of 0.93. The firm’s 50-day simple moving average is $9.82 and its 200 day simple moving average is $8.23. PagerDuty has a fifty-two week low of $5.70 and a fifty-two week high of $17.29. The company has a quick ratio of 1.95, a current ratio of 1.95 and a debt-to-equity ratio of 1.83.

PagerDuty (NYSE:PD) last announced its earnings results on Thursday, May 28th. The company reported $0.32 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.24 by $0.08. The firm had revenue of $120.97 million during 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 was up 1.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.24 EPS. PagerDuty has set its Q2 2027 guidance at 0.290-0.310 EPS. Equities analysts expect that PagerDuty will post 0.58 EPS for the current year.

PagerDuty announced that its Board of Directors has authorized a stock buyback plan on Thursday, May 28th that permits the company to repurchase $100.00 million in shares. This repurchase authorization permits the company to reacquire up to 16.4% of its stock through open market purchases. Stock repurchase plans are usually an indication that the company’s leadership believes its stock is 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.