Wall Street Zen Downgrades PagerDuty (NYSE:PD) to Hold

PagerDuty (NYSE:PD) was downgraded by stock analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a report released on Monday.

Other equities analysts also recently issued research reports about the company. William Blair restated a “market perform” rating on shares of PagerDuty in a research note on Friday, March 13th. Bank of America assumed coverage on PagerDuty in a research report on Tuesday, December 2nd. They set an “underperform” rating and a $12.00 price target for the company. Truist Financial dropped their price target on PagerDuty from $12.00 to $9.00 and set a “buy” rating on the stock in a report on Friday, March 13th. Morgan Stanley set a $9.00 price objective on PagerDuty in a research report on Thursday, February 19th. Finally, Weiss Ratings restated a “sell (d+)” rating on shares of PagerDuty in a research note on Monday, December 29th. Three analysts have rated the stock with a Buy rating, seven have given a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $12.40.

PagerDuty Stock Performance

Shares of PD stock opened at $6.20 on Monday. The company has a debt-to-equity ratio of 1.56, a current ratio of 2.01 and a quick ratio of 2.01. The firm has a 50-day moving average of $7.79 and a 200-day moving average of $12.05. PagerDuty has a one year low of $5.91 and a one year high of $18.51. The company has a market cap of $526.45 million, a P/E ratio of 3.37, a P/E/G ratio of 2.73 and a beta of 0.73.

PagerDuty (NYSE:PD) last released its quarterly earnings results on Thursday, March 12th. The company reported $0.29 earnings per share for the quarter, topping the consensus estimate of $0.24 by $0.05. PagerDuty had a net margin of 35.30% and a return on equity of 16.29%. The business had revenue of $124.79 million for the quarter, compared to analysts’ expectations of $122.96 million. During the same period in the previous year, the company earned $0.22 earnings per share. The firm’s revenue for the quarter was up 2.7% compared to the same quarter last year. PagerDuty has set its Q1 2027 guidance at 0.230-0.250 EPS and its FY 2027 guidance at 1.230-1.280 EPS. Equities research analysts forecast that PagerDuty will post -0.27 EPS for the current fiscal year.

Institutional Investors Weigh In On PagerDuty

Hedge funds have recently modified their holdings of the stock. EverSource Wealth Advisors LLC increased its position in PagerDuty by 252.0% in the third quarter. EverSource Wealth Advisors LLC now owns 1,605 shares of the company’s stock worth $27,000 after buying an additional 1,149 shares during the last quarter. KBC Group NV raised its stake in shares of PagerDuty by 89.5% in the fourth quarter. KBC Group NV now owns 4,402 shares of the company’s stock valued at $58,000 after buying an additional 2,079 shares during the period. Aster Capital Management DIFC Ltd purchased a new position in shares of PagerDuty during the 3rd quarter valued at $59,000. State of Alaska Department of Revenue purchased a new position in shares of PagerDuty during the 3rd quarter valued at $67,000. Finally, Kestra Advisory Services LLC bought a new position in shares of PagerDuty during the 4th quarter worth $68,000. 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.