PagerDuty (NYSE:PD) Raised to “Buy” at Wall Street Zen

PagerDuty (NYSE:PD) was upgraded by analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a research note issued to investors on Tuesday.

PD has been the subject of a number of other research reports. TD Cowen reduced their target price on shares of PagerDuty from $20.00 to $10.00 and set a “buy” rating for the company in a research report on Friday, March 13th. Canaccord Genuity Group reduced their target price on shares of PagerDuty from $19.00 to $9.00 and set a “buy” rating for the company in a research report on Friday, March 13th. Truist Financial reduced their target price on shares of PagerDuty from $12.00 to $9.00 and set a “buy” rating for the company in a research report on Friday, March 13th. Zacks Research cut shares of PagerDuty from a “strong-buy” rating to a “hold” rating in a research report on Monday, January 26th. Finally, William Blair reissued a “market perform” rating on shares of PagerDuty in a research report on Friday, March 13th. Three research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and three have issued a Sell rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $12.40.

PagerDuty Trading Up 3.4%

Shares of PagerDuty stock opened at $6.62 on Tuesday. The firm has a 50-day moving average of $7.42 and a 200-day moving average of $11.78. The stock has a market cap of $562.14 million, a PE ratio of 3.60, a PEG ratio of 2.84 and a beta of 0.78. PagerDuty has a 52-week low of $5.91 and a 52-week high of $18.00. The company has a debt-to-equity ratio of 1.56, a quick ratio of 2.01 and a current ratio of 2.01.

PagerDuty (NYSE:PD) last announced its earnings results on Thursday, March 12th. The company reported $0.29 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.24 by $0.05. The company had revenue of $124.79 million during the quarter, compared to analysts’ expectations of $122.96 million. PagerDuty had a net margin of 35.30% and a return on equity of 16.29%. PagerDuty’s quarterly revenue was up 2.7% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.22 earnings per share. PagerDuty has set its Q1 2027 guidance at 0.230-0.250 EPS and its FY 2027 guidance at 1.230-1.280 EPS. As a group, sell-side analysts forecast that PagerDuty will post -0.27 EPS for the current year.

Institutional Investors Weigh In On PagerDuty

A number of large investors have recently bought and sold shares of PD. EverSource Wealth Advisors LLC grew its stake in PagerDuty by 252.0% during the third quarter. EverSource Wealth Advisors LLC now owns 1,605 shares of the company’s stock worth $27,000 after buying an additional 1,149 shares in the last quarter. KBC Group NV grew its stake in PagerDuty by 89.5% during the fourth quarter. KBC Group NV now owns 4,402 shares of the company’s stock worth $58,000 after buying an additional 2,079 shares in the last quarter. Aster Capital Management DIFC Ltd acquired a new stake in PagerDuty during the third quarter worth about $59,000. State of Alaska Department of Revenue acquired a new stake in PagerDuty during the third quarter worth about $67,000. Finally, Kestra Advisory Services LLC acquired a new stake in PagerDuty during the fourth quarter worth about $68,000. 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.