PagerDuty (NYSE:PD) Stock Rating Upgraded by Wall Street Zen

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

Several other analysts also recently issued reports on the company. William Blair reiterated a “market perform” rating on shares of PagerDuty in a report on Friday, March 13th. Truist Financial dropped their target price on PagerDuty from $12.00 to $9.00 and set a “buy” rating on the stock in a report on Friday, March 13th. TD Cowen reduced 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. Canaccord Genuity Group boosted their price target on PagerDuty from $9.00 to $10.00 and gave the stock a “buy” rating in a research report on Friday, May 29th. Finally, Royal Bank Of Canada upped their price target on PagerDuty from $8.00 to $9.00 and gave the stock a “sector perform” rating in a report on Friday, May 29th. 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. According to data from MarketBeat.com, PagerDuty currently has a consensus rating of “Hold” and a consensus target price of $11.25.

PagerDuty Price Performance

PD opened at $9.95 on Friday. The company has a quick ratio of 1.95, a current ratio of 1.95 and a debt-to-equity ratio of 1.83. PagerDuty has a 52-week low of $5.70 and a 52-week high of $18.00. The company has a 50 day moving average of $8.12 and a two-hundred day moving average of $8.63. The company has a market cap of $767.27 million, a P/E ratio of 4.88, a P/E/G ratio of 2.56 and a beta of 0.94.

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

PagerDuty announced that its board has authorized a share repurchase program on Thursday, May 28th that authorizes the company to buyback $100.00 million in shares. This buyback authorization authorizes the company to buy up to 16.4% of its shares through open market purchases. Shares buyback programs are usually a sign that the company’s management believes its shares are undervalued.

Institutional Trading of PagerDuty

Hedge funds and other institutional investors have recently made changes to their positions in the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in PagerDuty by 1.3% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 51,601 shares of the company’s stock valued at $943,000 after acquiring an additional 671 shares in the last quarter. California State Teachers Retirement System raised its stake in shares of PagerDuty by 1.4% in the 2nd quarter. California State Teachers Retirement System now owns 81,474 shares of the company’s stock valued at $1,245,000 after purchasing an additional 1,129 shares in the last quarter. EverSource Wealth Advisors LLC lifted its position in shares of 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 purchasing an additional 1,149 shares during the last quarter. ProShare Advisors LLC lifted its position in shares of PagerDuty by 11.8% during the fourth quarter. ProShare Advisors LLC now owns 16,324 shares of the company’s stock worth $214,000 after purchasing an additional 1,720 shares during the last quarter. Finally, KBC Group NV grew its stake in PagerDuty by 89.5% in the fourth quarter. KBC Group NV now owns 4,402 shares of the company’s stock worth $58,000 after purchasing an additional 2,079 shares in 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.