Pagerduty (NYSE:PD) Given “Buy” Rating at Canaccord Genuity

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Pagerduty (NYSE:PD)‘s stock had its “buy” rating reaffirmed by equities research analysts at Canaccord Genuity in a research note issued on Tuesday, AnalystRatings.com reports.

Several other research firms have also recently weighed in on PD. JPMorgan Chase & Co. increased their price objective on Diageo from GBX 3,100 ($40.51) to GBX 3,200 ($41.81) and gave the company a “neutral” rating in a research report on Friday, June 7th. William Blair reissued an “outperform” rating on shares of Aileron Therapeutics in a research report on Monday, May 6th. BTIG Research increased their price objective on Paypal from $114.00 to $130.00 and gave the company a “buy” rating in a research report on Monday, May 6th. They noted that the move was a valuation call. Piper Jaffray Companies set a $10.00 price objective on Mammoth Energy Services and gave the company a “buy” rating in a research report on Friday, June 7th. Finally, Raymond James reissued a “buy” rating on shares of Cineplex in a research report on Tuesday, March 19th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and five have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $42.50.

Shares of PD traded down $1.14 during mid-day trading on Tuesday, hitting $49.38. The company’s stock had a trading volume of 26,325 shares, compared to its average volume of 577,382. Pagerduty has a one year low of $36.00 and a one year high of $59.82. The business has a 50-day moving average of $50.99.

Pagerduty (NYSE:PD) last posted its quarterly earnings data on Thursday, June 6th. The company reported ($0.22) earnings per share for the quarter, beating the consensus estimate of ($0.24) by $0.02. The business had revenue of $25.00 million during the quarter, compared to the consensus estimate of $34.92 million. During the same period in the prior year, the company posted $37.30 earnings per share. Equities research analysts anticipate that Pagerduty will post -0.37 EPS for the current fiscal year.

In related news, insider Dan Alexandru Solomon sold 342,000 shares of the firm’s stock in a transaction on Monday, April 15th. The stock was sold at an average price of $22.32, for a total value of $7,633,440.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Pagerduty Company Profile

PagerDuty, Inc operates an On-Call Management platform. The company's platform collects signals from software-enabled system or device, correlates and interprets signals to identify events, and engages team members to take action in real time. It serves developer, IT, security, and customer support segments.

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Analyst Recommendations for Pagerduty (NYSE:PD)

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