PagerDuty (NYSE:PD) Receives Average Rating of “Hold” from Analysts

Shares of PagerDuty (NYSE:PD) have been given an average rating of “Hold” by the ten analysts that are presently covering the company, Marketbeat reports. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and three have issued a buy rating on the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is $12.5625.

PD has been the subject of a number of research reports. Weiss Ratings raised PagerDuty from a “sell (d+)” rating to a “hold (c-)” rating in a report on Friday, August 21st. Truist Financial raised their price target on shares of PagerDuty from $11.00 to $13.00 and gave the stock a “buy” rating in a research report on Thursday, August 20th. Morgan Stanley raised their price target on shares of PagerDuty from $9.00 to $10.00 and gave the stock an “underweight” rating in a research report on Friday, August 28th. UBS Group set a $13.50 price objective on shares of PagerDuty in a research note on Wednesday, August 26th. Finally, Royal Bank Of Canada boosted their price objective on shares of PagerDuty from $9.00 to $12.00 and gave the company a “sector perform” rating in a report on Friday, August 14th.

Institutional Investors Weigh In On PagerDuty

Several institutional investors have recently made changes to their positions in the stock. WealthCollab LLC acquired a new stake in PagerDuty during the first quarter worth approximately $25,000. PNC Financial Services Group Inc. lifted its position in shares of PagerDuty by 1,219.9% during the 1st quarter. PNC Financial Services Group Inc. now owns 4,976 shares of the company’s stock valued at $31,000 after acquiring an additional 4,599 shares during the period. EverSource Wealth Advisors LLC lifted its position in shares of PagerDuty by 419.3% during the 1st quarter. EverSource Wealth Advisors LLC now owns 5,136 shares of the company’s stock valued at $32,000 after acquiring an additional 4,147 shares during the period. Optiver Holding B.V. grew its holdings in shares of PagerDuty by 5,699.0% during the 1st quarter. Optiver Holding B.V. now owns 6,031 shares of the company’s stock worth $37,000 after purchasing an additional 5,927 shares in the last quarter. Finally, Kestra Advisory Services LLC acquired a new stake in shares of PagerDuty during the 4th quarter worth $68,000. 97.26% of the stock is currently owned by institutional investors.

PagerDuty Price Performance

PagerDuty stock opened at $13.66 on Tuesday. PagerDuty has a 12 month low of $5.70 and a 12 month high of $17.29. The stock’s 50 day moving average is $11.21 and its 200-day moving average is $8.67. The company has a current ratio of 2.02, a quick ratio of 2.02 and a debt-to-equity ratio of 1.71. The company has a market capitalization of $1.07 billion, a price-to-earnings ratio of 6.83, a PEG ratio of 2.11 and a beta of 0.96.

PagerDuty (NYSE:PD) last announced its earnings results on Thursday, August 27th. The company reported $0.32 earnings per share for the quarter, topping analysts’ consensus estimates of $0.31 by $0.01. The company had revenue of $124.44 million for the quarter, compared to analyst estimates of $123.27 million. PagerDuty had a return on equity of 18.52% and a net margin of 37.50%.The firm’s quarterly revenue was up .8% compared to the same quarter last year. During the same quarter last year, the company earned $0.30 earnings per share. PagerDuty has set its FY 2027 guidance at 1.330-1.370 EPS and its Q3 2027 guidance at 0.340-0.360 EPS. Equities research analysts expect that PagerDuty will post 0.69 EPS for the current year.

PagerDuty declared that its Board of Directors has approved a stock buyback program on Thursday, May 28th that allows the company to buyback $100.00 million in outstanding shares. This buyback authorization allows the company to purchase up to 16.4% of its shares through open market purchases. Shares buyback programs are typically a sign that the company’s management believes its shares are undervalued.

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.