PagerDuty (NYSE:PD) Price Target Raised to $13.00

PagerDuty (NYSE:PD) had its target price hoisted by Truist Financial from $11.00 to $13.00 in a research report report published on Thursday morning,Benzinga reports. They currently have a buy rating on the stock.

A number of other analysts have also weighed in on the stock. Canaccord Genuity Group increased their price objective on shares of PagerDuty from $9.00 to $10.00 and gave the stock a “buy” rating in a research note on Friday, May 29th. Weiss Ratings raised shares of PagerDuty from a “sell (d)” rating to a “sell (d+)” rating in a report on Monday, July 13th. Morgan Stanley downgraded PagerDuty from an “equal weight” rating to an “underweight” rating and cut their price target for the stock from $10.00 to $9.00 in a research report on Tuesday, July 21st. Royal Bank Of Canada increased their price target on PagerDuty from $9.00 to $12.00 and gave the stock a “sector perform” rating in a research report on Friday, August 14th. Finally, Wall Street Zen lowered PagerDuty from a “buy” rating to a “hold” rating in a research note on Saturday, July 25th. Three research analysts have rated the stock with a Buy rating, six have issued a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $12.12.

PagerDuty Price Performance

Shares of NYSE PD opened at $12.30 on Thursday. PagerDuty has a 52 week low of $5.70 and a 52 week high of $17.29. The business’s 50 day moving average price is $10.28 and its 200 day moving average price is $8.30. The company has a quick ratio of 1.95, a current ratio of 1.95 and a debt-to-equity ratio of 1.83. The firm has a market cap of $948.58 million, a P/E ratio of 6.03, a P/E/G ratio of 3.16 and a beta of 0.93.

PagerDuty (NYSE:PD) last posted its quarterly earnings results on Thursday, May 28th. The company reported $0.32 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.24 by $0.08. PagerDuty had a net margin of 38.60% and a return on equity of 18.20%. The company had revenue of $120.97 million during the quarter, compared to analyst estimates of $119.52 million. During the same period last year, the firm posted $0.24 EPS. PagerDuty’s revenue for the quarter was up 1.0% compared to the same quarter last year. PagerDuty has set its Q2 2027 guidance at 0.290-0.310 EPS. On average, sell-side analysts expect that PagerDuty will post 0.58 earnings per share for the current year.

PagerDuty announced that its Board of Directors has approved a share repurchase program on Thursday, May 28th that permits the company to buyback $100.00 million in outstanding shares. This buyback authorization permits the company to reacquire up to 16.4% of its shares through open market purchases. Shares buyback programs are generally a sign that the company’s board of directors believes its shares are undervalued.

Hedge Funds Weigh In On PagerDuty

Institutional investors have recently made changes to their positions in the company. WealthCollab LLC acquired a new position in shares of PagerDuty in the 1st quarter valued at $25,000. PNC Financial Services Group Inc. grew its position in PagerDuty by 1,219.9% during the first quarter. PNC Financial Services Group Inc. now owns 4,976 shares of the company’s stock valued at $31,000 after buying an additional 4,599 shares during the period. EverSource Wealth Advisors LLC grew its position in PagerDuty by 419.3% during the first quarter. EverSource Wealth Advisors LLC now owns 5,136 shares of the company’s stock valued at $32,000 after buying an additional 4,147 shares during the period. Optiver Holding B.V. increased its holdings in PagerDuty by 5,699.0% in the first quarter. Optiver Holding B.V. now owns 6,031 shares of the company’s stock valued at $37,000 after buying an additional 5,927 shares in the last quarter. Finally, Kestra Advisory Services LLC purchased a new position in PagerDuty in the fourth quarter valued at $68,000. 97.26% of the stock is owned by hedge funds and other institutional investors.

PagerDuty Company Profile

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.