Brokerages Set PagerDuty (NYSE:PD) Price Target at $12.40

PagerDuty (NYSE:PD) has received an average recommendation of “Hold” from the thirteen analysts that are presently covering the stock, Marketbeat reports. Three investment analysts have rated the stock with a sell recommendation, seven have issued a hold recommendation and three have assigned a buy recommendation to the company. The average 1 year target price among brokerages that have covered the stock in the last year is $12.40.

Several analysts have recently commented on the stock. Canaccord Genuity Group lowered their price target on shares of PagerDuty from $19.00 to $9.00 and set a “buy” rating on the stock in a research report on Friday, March 13th. TD Cowen lowered their price target on shares of PagerDuty from $20.00 to $10.00 and set a “buy” rating on the stock in a research report on Friday, March 13th. William Blair reiterated a “market perform” rating on shares of PagerDuty in a research report on Friday, March 13th. Wall Street Zen upgraded shares of PagerDuty from a “hold” rating to a “buy” rating in a research report on Tuesday, April 7th. Finally, Truist Financial lowered their price target 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.

PagerDuty Price Performance

Shares of NYSE:PD opened at $7.22 on Wednesday. The company has a 50-day simple moving average of $6.72 and a 200-day simple moving average of $10.48. PagerDuty has a one year low of $5.70 and a one year high of $18.00. The company has a debt-to-equity ratio of 1.56, a quick ratio of 2.01 and a current ratio of 2.01. The stock has a market capitalization of $613.39 million, a price-to-earnings ratio of 3.92, a PEG ratio of 3.30 and a beta of 0.78.

PagerDuty (NYSE:PD) last announced its earnings results on Thursday, March 12th. The company reported $0.29 EPS for the quarter, beating analysts’ consensus estimates of $0.24 by $0.05. PagerDuty had a net margin of 35.30% and a return on equity of 16.29%. The business had revenue of $124.79 million during the quarter, compared to analysts’ expectations of $122.96 million. During the same period in the prior year, the company earned $0.22 earnings per share. The business’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, analysts predict that PagerDuty will post 0.34 EPS for the current year.

Hedge Funds Weigh In On PagerDuty

Institutional investors and hedge funds have recently modified their holdings of the company. EverSource Wealth Advisors LLC lifted its stake in shares of PagerDuty by 252.0% during the third quarter. EverSource Wealth Advisors LLC now owns 1,605 shares of the company’s stock valued at $27,000 after buying an additional 1,149 shares during the period. Aster Capital Management DIFC Ltd purchased a new position in shares of PagerDuty during the third quarter valued at approximately $59,000. State of Alaska Department of Revenue purchased a new position in shares of PagerDuty during the third quarter valued at approximately $67,000. KBC Group NV lifted its stake in shares of PagerDuty by 89.5% during the fourth quarter. KBC Group NV now owns 4,402 shares of the company’s stock valued at $58,000 after buying an additional 2,079 shares during the period. Finally, Kestra Advisory Services LLC purchased a new position in shares of PagerDuty during the fourth quarter valued at approximately $68,000. Hedge funds and other 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.