Pagerduty (NYSE:PD) was upgraded by analysts at Royal Bank of Canada from a “sector perform” rating to an “outperform” rating in a research note issued on Wednesday, The Fly reports.
Other equities analysts have also recently issued research reports about the company. JPMorgan Chase & Co. lifted their price objective on Pagerduty from $55.00 to $60.00 and gave the company an “overweight” rating in a report on Friday, June 7th. Zacks Investment Research cut Pagerduty from a “hold” rating to a “sell” rating in a report on Tuesday, July 9th. Raymond James reiterated a “buy” rating and set a $4.75 price objective on shares of Pagerduty in a report on Friday, July 26th. William Blair initiated coverage on Pagerduty in a report on Monday, May 6th. They set an “outperform” rating and a $36.00 price objective on the stock. Finally, BTIG Research initiated coverage on Pagerduty in a report on Monday, May 6th. They set a “neutral” rating on the stock. One research analyst has rated the stock with a sell rating, three have given a hold rating and six have assigned a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of $42.46.
Shares of PD opened at $36.20 on Wednesday. Pagerduty has a 1 year low of $34.75 and a 1 year high of $59.82. The stock’s 50-day moving average is $44.86.
Pagerduty (NYSE:PD) last issued its earnings results on Thursday, June 6th. The company reported ($0.22) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.24) by $0.02. The company had revenue of $25.00 million for the quarter, compared to the consensus estimate of $34.92 million. During the same quarter last year, the business posted $37.30 EPS. On average, sell-side analysts expect that Pagerduty will post -0.37 EPS for the current year.
Institutional investors have recently made changes to their positions in the stock. JPMorgan Chase & Co. bought a new stake in shares of Pagerduty during the 2nd quarter valued at $30,808,000. BlackRock Inc. bought a new stake in shares of Pagerduty during the 2nd quarter valued at $29,470,000. Carillon Tower Advisers Inc. bought a new stake in shares of Pagerduty during the 2nd quarter valued at $13,032,000. Laurion Capital Management LP bought a new stake in shares of Pagerduty during the 2nd quarter valued at $3,294,000. Finally, Charles Schwab Investment Management Inc. bought a new stake in shares of Pagerduty during the 2nd quarter valued at $2,501,000. 0.18% of the stock is currently owned by institutional investors and hedge funds.
PagerDuty, Inc operates an On-Call Management platform. The company's platform collects signals from software-enabled system or device, correlates and interprets signals to identify events, and engages team members to take action in real time. It serves developer, IT, security, and customer support segments.
Featured Story: Hold Rating
Receive News & Ratings for Pagerduty Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Pagerduty and related companies with MarketBeat.com's FREE daily email newsletter.