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

Wall Street Zen lowered shares of PagerDuty (NYSE:PD) from a strong-buy rating to a buy rating in a research report report published on Friday.

Several other analysts have also weighed in on the stock. TD Cowen lowered their price objective on shares of PagerDuty from $22.00 to $20.00 and set a “buy” rating for the company in a research note on Wednesday, November 26th. Craig Hallum downgraded shares of PagerDuty from a “buy” rating to a “hold” rating and decreased their price target for the company from $20.00 to $15.00 in a research note on Wednesday. Cowen reiterated a “buy” rating on shares of PagerDuty in a report on Wednesday. Royal Bank Of Canada reduced their target price on PagerDuty from $18.00 to $17.00 and set an “outperform” rating for the company in a research note on Wednesday. Finally, Canaccord Genuity Group reaffirmed a “buy” rating and issued a $19.00 target price on shares of PagerDuty in a research report on Wednesday. Five analysts have rated the stock with a Buy rating, six have assigned a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $17.73.

PagerDuty Stock Performance

PD stock opened at $11.98 on Friday. The firm has a market cap of $1.10 billion, a PE ratio of 7.49, a price-to-earnings-growth ratio of 8.72 and a beta of 0.69. The company has a current ratio of 2.37, a quick ratio of 2.37 and a debt-to-equity ratio of 1.23. The stock has a 50-day moving average price of $15.56 and a 200-day moving average price of $15.63. PagerDuty has a 1-year low of $11.13 and a 1-year high of $21.86.

PagerDuty (NYSE:PD) last announced its earnings results on Tuesday, November 25th. The company reported $0.33 EPS for the quarter, beating the consensus estimate of $0.24 by $0.09. The company had revenue of $124.55 million for the quarter, compared to analyst estimates of $124.92 million. PagerDuty had a return on equity of 10.27% and a net margin of 31.12%.The firm’s revenue for the quarter was up 4.7% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.26 EPS. PagerDuty has set its FY 2026 guidance at 1.110-1.120 EPS. Q4 2026 guidance at 0.240-0.250 EPS. As a group, equities research analysts expect that PagerDuty will post -0.27 earnings per share for the current year.

Hedge Funds Weigh In On PagerDuty

A number of hedge funds have recently added to or reduced their stakes in the stock. Allianz Asset Management GmbH purchased a new stake in shares of PagerDuty in the first quarter worth approximately $274,000. Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in PagerDuty during the first quarter worth $246,000. Cetera Investment Advisers raised its position in PagerDuty by 22.5% in the 1st quarter. Cetera Investment Advisers now owns 15,946 shares of the company’s stock valued at $291,000 after buying an additional 2,928 shares during the last quarter. Mackenzie Financial Corp lifted its stake in PagerDuty by 20.6% during the 1st quarter. Mackenzie Financial Corp now owns 134,350 shares of the company’s stock valued at $2,455,000 after acquiring an additional 22,994 shares in the last quarter. Finally, Federated Hermes Inc. purchased a new position in PagerDuty during the 1st quarter worth $314,000. Institutional investors and hedge funds own 97.26% of the company’s stock.

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.