Share on StockTwits

Pegasystems (NASDAQ:PEGA) has been given a consensus rating of “Buy” by the seven analysts that are currently covering the stock, Analyst Ratings Net reports. Three investment analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 12-month target price among brokerages that have updated their coverage on the stock in the last year is $24.92.

In other Pegasystems news, VP Douglas I. Kra sold 8,198 shares of Pegasystems stock on the open market in a transaction that occurred on Monday, August 11th. The stock was sold at an average price of $22.99, for a total transaction of $188,472.02. The transaction was disclosed in a document filed with the SEC, which is available at this link.

Pegasystems (NASDAQ:PEGA) traded down 0.45% during mid-day trading on Tuesday, hitting $22.22. 9,195 shares of the company’s stock traded hands. Pegasystems has a one year low of $15.51 and a one year high of $25.765. The stock has a 50-day moving average of $21.78 and a 200-day moving average of $20.2. The company has a market cap of $1.696 billion and a price-to-earnings ratio of 49.71.

Pegasystems (NASDAQ:PEGA) last posted its quarterly earnings results on Tuesday, August 5th. The company reported $0.10 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.13 by $0.03. The company had revenue of $143.86 million for the quarter, compared to the consensus estimate of $132.75 million. During the same quarter in the prior year, the company posted $0.22 earnings per share. The company’s quarterly revenue was up 22.6% on a year-over-year basis. On average, analysts predict that Pegasystems will post $0.79 earnings per share for the current fiscal year.

A number of analysts have recently weighed in on PEGA shares. Analysts at Zacks downgraded shares of Pegasystems from an “outperform” rating to a “neutral” rating in a research note on Wednesday, August 6th. They now have a $24.60 price target on the stock. Separately, analysts at Merriman Capital upgraded shares of Pegasystems from a “neutral” rating to a “buy” rating in a research note on Wednesday, August 6th. Finally, analysts at Merriman Capital downgraded shares of Pegasystems from a “buy” rating to a “neutral” rating in a research note on Thursday, July 31st. They now have a $24.00 price target on the stock.

Pegasystems Inc develops, markets, licenses, and supports software, which allows organizations to build, deploy, and change enterprise applications.

Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.