Pegasystems (NASDAQ:PEGA) had its price target upped by Dougherty & Co from $40.00 to $56.00 in a research note issued to investors on Wednesday, Stock Ratings News reports. The firm currently has a buy rating on the stock.
Other equities research analysts have also recently issued reports about the stock. Analysts at Benchmark Co. raised their price target on shares of Pegasystems from $42.00 to $45.00 in a research note to investors on Wednesday. They now have a hold rating on the stock. Separately, analysts at Canaccord Genuity reiterated a hold rating on shares of Pegasystems in a research note to investors on Tuesday, October 1st. They now have a $34.00 price target on the stock. Five analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Pegasystems presently has a consensus rating of Hold and a consensus price target of $39.15.
Shares of Pegasystems (NASDAQ:PEGA) traded down 6.76% during mid-day trading on Wednesday, hitting $45.64. 206,277 shares of the company’s stock traded hands. Pegasystems has a 1-year low of $19.06 and a 1-year high of $49.47. The stock’s 50-day moving average is $38.88 and its 200-day moving average is $35.24. The company has a market cap of $1.731 billion and a price-to-earnings ratio of 56.20.
Pegasystems (NASDAQ:PEGA) last posted its quarterly earnings results on Tuesday, November 12th. The company reported $0.33 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.18 by $0.15. The company had revenue of $122.00 million for the quarter, compared to the consensus estimate of $116.53 million. During the same quarter in the prior year, the company posted $0.13 earnings per share. The company’s quarterly revenue was up 20.0% on a year-over-year basis. Analysts expect that Pegasystems will post $1.30 EPS for the current fiscal year.
Pegasystems Inc develops, markets, licenses, and supports software, which allows organizations to build, deploy, and change enterprise applications.
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