Share on StockTwits

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

Several analysts have recently commented on the stock. 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.

Shares of Pegasystems (NASDAQ:PEGA) opened at 22.21 on Tuesday. Pegasystems has a one year low of $15.51 and a one year high of $25.765. The stock’s 50-day moving average is $21.87 and its 200-day moving average is $20.23. The company has a market cap of $1.695 billion and a P/E ratio of 50.02.

Pegasystems (NASDAQ:PEGA) last released its earnings data on Tuesday, August 5th. The company reported $0.10 earnings per share for the quarter, missing the analysts’ 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 last year, the company posted $0.22 earnings per share. Pegasystems’s revenue was up 22.6% compared to the same quarter last year. Analysts expect that Pegasystems will post $0.79 EPS for the current fiscal year.

In other Pegasystems news, Director Richard H. Jones unloaded 1,475 shares of the stock on the open market in a transaction dated Thursday, August 21st. The shares were sold at an average price of $22.50, for a total value of $33,187.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

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.