PagerDuty (NYSE:PD) Receives Consensus Recommendation of “Hold” from Brokerages

Shares of PagerDuty (NYSE:PD) have earned a consensus recommendation of “Hold” from the eleven brokerages that are covering the stock, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and three have given a buy rating to the company. The average 1 year target price among brokerages that have covered the stock in the last year is $11.25.

Several research firms recently weighed in on PD. Truist Financial dropped their price target on PagerDuty from $12.00 to $9.00 and set a “buy” rating on the stock in a research report on Friday, March 13th. TD Cowen dropped their price target on PagerDuty from $20.00 to $10.00 and set a “buy” rating on the stock in a research report on Friday, March 13th. Weiss Ratings restated a “sell (d)” rating on shares of PagerDuty in a research report on Friday, May 22nd. Royal Bank Of Canada lifted their price target on PagerDuty from $8.00 to $9.00 and gave the company a “sector perform” rating in a research report on Friday, May 29th. Finally, William Blair restated a “market perform” rating on shares of PagerDuty in a research report on Friday, March 13th.

Institutional Investors Weigh In On PagerDuty

Hedge funds have recently made changes to their positions in the company. ARK Investment Management LLC boosted its position in shares of PagerDuty by 2.6% during the third quarter. ARK Investment Management LLC now owns 8,827,404 shares of the company’s stock valued at $145,829,000 after purchasing an additional 224,769 shares in the last quarter. Vanguard Group Inc. boosted its position in shares of PagerDuty by 3.8% during the fourth quarter. Vanguard Group Inc. now owns 13,066,929 shares of the company’s stock valued at $171,307,000 after purchasing an additional 472,975 shares in the last quarter. Readystate Asset Management LP bought a new stake in shares of PagerDuty during the third quarter valued at approximately $15,946,000. ArrowMark Colorado Holdings LLC boosted its position in shares of PagerDuty by 18.2% during the third quarter. ArrowMark Colorado Holdings LLC now owns 659,565 shares of the company’s stock valued at $10,896,000 after purchasing an additional 101,677 shares in the last quarter. Finally, Picton Mahoney Asset Management boosted its position in shares of PagerDuty by 269.0% during the third quarter. Picton Mahoney Asset Management now owns 48,098 shares of the company’s stock valued at $795,000 after purchasing an additional 35,064 shares in the last quarter. 97.26% of the stock is currently owned by institutional investors.

PagerDuty Price Performance

Shares of PD stock opened at $8.60 on Thursday. The firm has a market cap of $662.92 million, a P/E ratio of 4.21, a P/E/G ratio of 2.26 and a beta of 0.94. PagerDuty has a fifty-two week low of $5.70 and a fifty-two week high of $18.00. The business’s 50 day moving average price is $7.43 and its 200-day moving average price is $8.89. The company has a debt-to-equity ratio of 1.83, a quick ratio of 1.95 and a current ratio of 1.95.

PagerDuty (NYSE:PD) last issued its quarterly earnings data on Thursday, May 28th. The company reported $0.32 earnings per share for the quarter, topping analysts’ consensus estimates of $0.24 by $0.08. The firm had revenue of $120.97 million for the quarter, compared to analyst estimates of $119.52 million. PagerDuty had a return on equity of 18.20% and a net margin of 38.60%.The business’s quarterly revenue was up 1.0% compared to the same quarter last year. During the same period last year, the company earned $0.24 EPS. PagerDuty has set its Q2 2027 guidance at 0.290-0.310 EPS. On average, equities research analysts anticipate that PagerDuty will post 0.58 earnings per share for the current year.

PagerDuty announced that its board has authorized a stock buyback plan on Thursday, May 28th that permits the company to buyback $100.00 million in outstanding shares. This buyback authorization permits the company to purchase up to 16.4% of its stock through open market purchases. Stock buyback plans are typically a sign that the company’s leadership believes its stock is undervalued.

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.