PagerDuty (NYSE:PD) Upgraded by Wall Street Zen to Buy Rating

Wall Street Zen upgraded shares of PagerDuty (NYSE:PD) from a hold rating to a buy rating in a report released on Sunday.

Other equities research analysts have also recently issued reports about the company. Royal Bank Of Canada dropped their price objective on PagerDuty from $9.00 to $8.00 and set a “sector perform” rating on the stock in a research report on Friday, March 13th. Canaccord Genuity Group lowered their target price on PagerDuty from $19.00 to $9.00 and set a “buy” rating on the stock in a report on Friday, March 13th. Zacks Research downgraded PagerDuty from a “strong-buy” rating to a “hold” rating in a report on Monday, January 26th. TD Cowen lowered their target price on PagerDuty from $20.00 to $10.00 and set a “buy” rating on the stock in a report on Friday, March 13th. Finally, Morgan Stanley set a $9.00 target price on PagerDuty in a report on Thursday, February 19th. Three equities research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and three have given a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $12.40.

PagerDuty Trading Down 0.1%

PagerDuty stock opened at $6.77 on Friday. The company has a debt-to-equity ratio of 1.56, a current ratio of 2.01 and a quick ratio of 2.01. PagerDuty has a one year low of $5.70 and a one year high of $18.00. The stock has a market capitalization of $574.96 million, a PE ratio of 3.68, a price-to-earnings-growth ratio of 3.01 and a beta of 0.78. The business’s fifty day moving average is $6.71 and its 200 day moving average is $9.97.

PagerDuty (NYSE:PD) last released its quarterly earnings data on Thursday, March 12th. The company reported $0.29 EPS for the quarter, beating the consensus estimate of $0.24 by $0.05. PagerDuty had a return on equity of 16.29% and a net margin of 35.30%.The company had revenue of $124.79 million for the quarter, compared to analysts’ expectations of $122.96 million. During the same period last year, the firm posted $0.22 earnings per share. PagerDuty’s revenue was up 2.7% compared to the same quarter last year. 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

Institutional investors have recently made changes to their positions in the stock. WealthCollab LLC bought a new position in shares of PagerDuty in the first quarter worth about $25,000. EverSource Wealth Advisors LLC raised its stake in shares of PagerDuty by 252.0% in the third quarter. EverSource Wealth Advisors LLC now owns 1,605 shares of the company’s stock worth $27,000 after buying an additional 1,149 shares during the period. PNC Financial Services Group Inc. raised its stake in shares of PagerDuty by 1,219.9% in the first quarter. PNC Financial Services Group Inc. now owns 4,976 shares of the company’s stock worth $31,000 after buying an additional 4,599 shares during the period. KBC Group NV raised its stake in shares of PagerDuty by 89.5% in the fourth quarter. KBC Group NV now owns 4,402 shares of the company’s stock worth $58,000 after buying an additional 2,079 shares during the period. Finally, Aster Capital Management DIFC Ltd bought a new position in shares of PagerDuty in the third quarter worth about $59,000. 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.