Pegasystems (PEGA) Receiving Somewhat Positive Media Coverage, Analysis Finds
News articles about Pegasystems (NASDAQ:PEGA) have trended somewhat positive recently, Accern Sentiment Analysis reports. Accern identifies negative and positive news coverage by monitoring more than 20 million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Pegasystems earned a news impact score of 0.21 on Accern’s scale. Accern also gave headlines about the technology company an impact score of 47.047402915051 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.
Several research analysts recently weighed in on PEGA shares. BidaskClub lowered Pegasystems from a “buy” rating to a “hold” rating in a research report on Friday, August 4th. Mitsubishi UFJ Financial Group set a $57.00 target price on Pegasystems and gave the stock a “buy” rating in a research report on Thursday, August 10th. Zacks Investment Research lowered Pegasystems from a “hold” rating to a “sell” rating in a research report on Thursday, October 26th. Finally, TheStreet lowered Pegasystems from a “b-” rating to a “c” rating in a research report on Wednesday, November 22nd. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and four have issued a buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $63.00.
Pegasystems (PEGA) opened at $51.10 on Wednesday. The firm has a market capitalization of $4,013.68, a price-to-earnings ratio of 119.88 and a beta of 1.35. Pegasystems has a 52-week low of $34.05 and a 52-week high of $64.85.
In other Pegasystems news, VP Efstathios A. Kouninis sold 448 shares of the firm’s stock in a transaction dated Monday, September 11th. The stock was sold at an average price of $56.51, for a total value of $25,316.48. Following the transaction, the vice president now directly owns 585 shares of the company’s stock, valued at $33,058.35. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Sharon T. Rowlands acquired 5,000 shares of the business’s stock in a transaction on Monday, November 13th. The stock was bought at an average cost of $52.13 per share, for a total transaction of $260,650.00. Following the completion of the transaction, the director now directly owns 11,395 shares of the company’s stock, valued at $594,021.35. The disclosure for this purchase can be found here. Insiders sold a total of 10,798 shares of company stock worth $622,583 over the last ninety days. Corporate insiders own 53.61% of the company’s stock.
Pegasystems Company Profile
Pegasystems Inc develops, markets, licenses and supports software applications for marketing, sales and onboarding, and customer service needs. The Company also offers software applications built on the Pega platform. Its software is designed to assist clients in building, deploying and evolving enterprise applications.
Receive News & Stock Ratings for Pegasystems Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Pegasystems Inc. and related stocks with our FREE daily email newsletter.