PagerDuty (NYSE:PD) Price Target Raised to $11.00 at Truist Financial

PagerDuty (NYSE:PD) had its price objective lifted by Truist Financial from $9.00 to $11.00 in a research note issued to investors on Thursday morning,Benzinga reports. They currently have a buy rating on the stock.

Several other research analysts have also weighed in on PD. Royal Bank Of Canada raised their price objective on shares of PagerDuty from $8.00 to $9.00 and gave the stock a “sector perform” rating in a report on Friday, May 29th. Canaccord Genuity Group upped their target price on shares of PagerDuty from $9.00 to $10.00 and gave the company a “buy” rating in a research note on Friday, May 29th. Wall Street Zen raised shares of PagerDuty from a “hold” rating to a “buy” rating in a research report on Saturday, July 4th. William Blair reaffirmed a “market perform” rating on shares of PagerDuty in a research report on Friday, March 13th. Finally, TD Cowen decreased their price target on PagerDuty from $20.00 to $10.00 and set a “buy” rating for the company in a research note on Friday, March 13th. Three research analysts have rated the stock with a Buy rating, six have given a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $11.50.

PagerDuty Trading Up 4.3%

Shares of PD opened at $10.47 on Thursday. The company has a market capitalization of $807.29 million, a P/E ratio of 5.13, a P/E/G ratio of 2.58 and a beta of 0.94. PagerDuty has a one year low of $5.70 and a one year high of $18.00. The company has a debt-to-equity ratio of 1.83, a quick ratio of 1.95 and a current ratio of 1.95. The stock has a 50-day moving average price of $8.40 and a 200 day moving average price of $8.53.

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

PagerDuty declared that its board has approved a stock buyback plan on Thursday, May 28th that authorizes the company to buyback $100.00 million in shares. This buyback authorization authorizes the company to purchase up to 16.4% of its shares through open market purchases. Shares buyback plans are usually a sign that the company’s management believes its shares are undervalued.

Institutional Trading of PagerDuty

Several hedge funds have recently made changes to their positions in the stock. WealthCollab LLC bought a new stake in PagerDuty in the first quarter valued at $25,000. PNC Financial Services Group Inc. increased its holdings in shares of PagerDuty by 1,219.9% in the 1st quarter. PNC Financial Services Group Inc. now owns 4,976 shares of the company’s stock worth $31,000 after acquiring an additional 4,599 shares during the period. EverSource Wealth Advisors LLC increased its holdings in shares of PagerDuty by 419.3% in the 1st quarter. EverSource Wealth Advisors LLC now owns 5,136 shares of the company’s stock worth $32,000 after acquiring an additional 4,147 shares during the period. Optiver Holding B.V. lifted its position in PagerDuty by 5,699.0% in the 1st quarter. Optiver Holding B.V. now owns 6,031 shares of the company’s stock valued at $37,000 after purchasing an additional 5,927 shares during the last quarter. Finally, KBC Group NV lifted its position in PagerDuty by 89.5% in the 4th quarter. KBC Group NV now owns 4,402 shares of the company’s stock valued at $58,000 after purchasing an additional 2,079 shares during the last quarter. Institutional investors own 97.26% of the company’s stock.

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.