PagerDuty (NYSE:PD) Cut to Hold at Wall Street Zen

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

A number of other equities analysts have also commented on the stock. Royal Bank Of Canada boosted 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 price target 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. Truist Financial raised their price target on shares of PagerDuty from $9.00 to $11.00 and gave the company a “buy” rating in a research note on Thursday, July 9th. Weiss Ratings raised PagerDuty from a “sell (d)” rating to a “sell (d+)” rating in a report on Monday, July 13th. Finally, Morgan Stanley downgraded PagerDuty from an “equal weight” rating to an “underweight” rating and reduced their price objective for the stock from $10.00 to $9.00 in a research report on Tuesday. Three investment analysts have rated the stock with a Buy rating, five have given a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $11.50.

PagerDuty Trading Up 5.2%

Shares of PD opened at $9.07 on Friday. The stock has a fifty day moving average of $9.09 and a two-hundred day moving average of $8.33. 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 company has a market capitalization of $699.89 million, a PE ratio of 4.45, a price-to-earnings-growth ratio of 2.21 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.

PagerDuty (NYSE:PD) last posted 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 return on equity of 18.20% and a net margin of 38.60%.The business had revenue of $120.97 million for the quarter, compared to analysts’ expectations of $119.52 million. During the same quarter last year, the firm earned $0.24 earnings per share. The business’s revenue was up 1.0% on a year-over-year basis. PagerDuty has set its Q2 2027 guidance at 0.290-0.310 EPS. As a group, analysts forecast that PagerDuty will post 0.58 EPS for the current 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.

Institutional Trading of PagerDuty

Institutional investors and hedge funds have recently modified their holdings of the company. WealthCollab LLC bought a new stake in PagerDuty in the 1st quarter valued at $25,000. PNC Financial Services Group Inc. boosted its stake 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 valued at $31,000 after purchasing an additional 4,599 shares in the last quarter. EverSource Wealth Advisors LLC boosted its stake 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 valued at $32,000 after purchasing an additional 4,147 shares in the last quarter. Optiver Holding B.V. raised its stake in shares of PagerDuty by 5,699.0% in the first quarter. Optiver Holding B.V. now owns 6,031 shares of the company’s stock valued at $37,000 after acquiring an additional 5,927 shares during the last quarter. Finally, KBC Group NV raised 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. 97.26% of the stock is currently owned by institutional investors.

About PagerDuty

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.