PagerDuty (NYSE:PD) Receives $11.25 Average Target Price from Analysts

Shares of PagerDuty (NYSE:PD) have been given an average recommendation of “Hold” by the eleven brokerages that are presently covering the stock, MarketBeat reports. Two analysts have rated the stock with a sell recommendation, six have assigned a hold recommendation and three have assigned a buy recommendation to the company. The average 12-month price objective among brokerages that have updated their coverage on the stock in the last year is $11.25.

A number of brokerages have weighed in on PD. Wall Street Zen downgraded PagerDuty from a “buy” rating to a “hold” rating in a report on Monday, May 25th. Weiss Ratings reiterated a “sell (d)” rating on shares of PagerDuty in a report on Friday, May 22nd. TD Cowen decreased their price target on PagerDuty from $20.00 to $10.00 and set a “buy” rating for the company in a report on Friday, March 13th. Royal Bank Of Canada increased their price target on PagerDuty from $8.00 to $9.00 and gave the stock a “sector perform” rating in a report on Friday, May 29th. Finally, William Blair reiterated a “market perform” rating on shares of PagerDuty in a report on Friday, March 13th.

PagerDuty Stock Up 4.6%

Shares of NYSE:PD opened at $8.88 on Thursday. The firm has a market cap of $685.13 million, a P/E ratio of 4.35, a P/E/G ratio of 2.18 and a beta of 0.94. The company has a quick ratio of 1.95, a current ratio of 1.95 and a debt-to-equity ratio of 1.83. PagerDuty has a 12-month low of $5.70 and a 12-month high of $18.00. The business has a fifty day simple moving average of $7.68 and a 200 day simple moving average of $8.77.

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

PagerDuty announced that its Board of Directors has authorized a share buyback program on Thursday, May 28th that allows the company to buyback $100.00 million in shares. This buyback authorization allows the company to purchase up to 16.4% of its stock through open market purchases. Stock buyback programs are generally an indication that the company’s management believes its stock is undervalued.

Institutional Trading of PagerDuty

A number of large investors have recently bought and sold shares of the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in PagerDuty by 1.3% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 51,601 shares of the company’s stock worth $943,000 after acquiring an additional 671 shares during the period. California State Teachers Retirement System grew its stake in shares of PagerDuty by 1.4% in the 2nd quarter. California State Teachers Retirement System now owns 81,474 shares of the company’s stock valued at $1,245,000 after buying an additional 1,129 shares during the period. EverSource Wealth Advisors LLC grew its stake in shares of PagerDuty by 252.0% in the 3rd 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. ProShare Advisors LLC grew its stake in shares of PagerDuty by 11.8% in the 4th quarter. ProShare Advisors LLC now owns 16,324 shares of the company’s stock valued at $214,000 after buying an additional 1,720 shares during the period. Finally, KBC Group NV grew its stake in shares of PagerDuty by 89.5% in the 4th 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. 97.26% of the stock is currently owned by institutional investors and hedge funds.

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.