Pegasystems Given Average Recommendation of “Buy” by Brokerages (NASDAQ:PEGA)
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.
Receive News & Ratings for Pegasystems Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Pegasystems Inc and related companies with Analyst Ratings Network's FREE daily email newsletter.