PagerDuty (NYSE:PD) Given Consensus Recommendation of “Hold” by Analysts

PagerDuty (NYSE:PD) has been given an average recommendation of “Hold” by the eleven research firms that are covering the firm, MarketBeat Ratings reports. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and three have given a buy rating to the company. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is $11.50.

A number of research firms have recently commented on PD. Royal Bank Of Canada lifted their price target on shares of PagerDuty from $8.00 to $9.00 and gave the company a “sector perform” rating in a research report on Friday, May 29th. Truist Financial raised their target price on shares of PagerDuty from $9.00 to $11.00 and gave the company a “buy” rating in a research note on Thursday. Wall Street Zen upgraded shares of PagerDuty from a “hold” rating to a “buy” rating in a report on Saturday, July 4th. Weiss Ratings reiterated a “sell (d)” rating on shares of PagerDuty in a report on Friday, May 22nd. Finally, Canaccord Genuity Group boosted their target price on shares of PagerDuty from $9.00 to $10.00 and gave the stock a “buy” rating in a research report on Friday, May 29th.

PagerDuty Stock Performance

Shares of NYSE PD opened at $10.31 on Monday. The business’s 50-day simple moving average is $8.47 and its 200-day simple moving average is $8.51. 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 has a 52 week low of $5.70 and a 52 week high of $18.00. The firm has a market cap of $795.49 million, a price-to-earnings ratio of 5.06, a P/E/G ratio of 2.65 and a beta of 0.94.

PagerDuty (NYSE:PD) last posted its earnings results on Thursday, May 28th. The company reported $0.32 earnings per share for the quarter, topping the consensus estimate of $0.24 by $0.08. The firm had revenue of $120.97 million during 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 company’s revenue for the quarter was up 1.0% on a year-over-year basis. During the same period in the previous year, the company earned $0.24 EPS. PagerDuty has set its Q2 2027 guidance at 0.290-0.310 EPS. As a group, equities research analysts expect that PagerDuty will post 0.58 earnings per share for the current fiscal year.

PagerDuty announced that its Board of Directors has initiated a stock buyback plan on Thursday, May 28th that allows the company to repurchase $100.00 million in outstanding shares. This repurchase authorization allows the company to purchase up to 16.4% of its shares through open market purchases. Shares repurchase plans are typically an indication that the company’s board believes its stock is undervalued.

Hedge Funds Weigh In On PagerDuty

Several large investors have recently made changes to their positions in PD. Pacer Advisors Inc. grew its holdings in PagerDuty by 73.9% in the 1st quarter. Pacer Advisors Inc. now owns 569,907 shares of the company’s stock valued at $3,539,000 after buying an additional 242,100 shares during the last quarter. Optiver Holding B.V. increased 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 worth $37,000 after buying an additional 5,927 shares during the period. Glenmede Trust Co. NA lifted its holdings in shares of PagerDuty by 35.7% during the first quarter. Glenmede Trust Co. NA now owns 937,505 shares of the company’s stock worth $5,822,000 after buying an additional 246,482 shares during the last quarter. Segall Bryant & Hamill LLC lifted its holdings in shares of PagerDuty by 519.6% during the first quarter. Segall Bryant & Hamill LLC now owns 223,995 shares of the company’s stock worth $1,391,000 after buying an additional 187,845 shares during the last quarter. Finally, Amundi boosted its position in shares of PagerDuty by 47.3% in the first quarter. Amundi now owns 47,750 shares of the company’s stock valued at $297,000 after acquiring an additional 15,331 shares during the period. Institutional investors and hedge funds 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.