PagerDuty (NYSE:PD) Upgraded by Wall Street Zen to “Buy” Rating

Wall Street Zen upgraded shares of PagerDuty (NYSE:PD) from a hold rating to a buy rating in a research note published on Tuesday.

Several other equities analysts have also recently issued reports on PD. Royal Bank Of Canada lowered their target price on shares of PagerDuty from $9.00 to $8.00 and set a “sector perform” rating on the stock in a research note on Friday, March 13th. Morgan Stanley set a $9.00 target price on shares of PagerDuty in a research note on Thursday, February 19th. Canaccord Genuity Group lowered their target price on shares of PagerDuty from $19.00 to $9.00 and set a “buy” rating on the stock in a research note on Friday, March 13th. Weiss Ratings restated a “sell (d+)” rating on shares of PagerDuty in a research note on Monday, December 29th. Finally, Truist Financial lowered their target price on shares of PagerDuty from $12.00 to $9.00 and set a “buy” rating on the stock in a research note on Friday, March 13th. Three investment analysts have rated the stock with a Buy rating, seven have issued a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $12.40.

PagerDuty Stock Performance

Shares of PD stock opened at $6.40 on Tuesday. PagerDuty has a one year low of $5.91 and a one year high of $18.00. The company’s 50-day moving average is $7.32 and its 200 day moving average is $11.71. The company has a market capitalization of $543.62 million, a price-to-earnings ratio of 3.48, a price-to-earnings-growth ratio of 2.84 and a beta of 0.78. The company has a debt-to-equity ratio of 1.56, a quick ratio of 2.01 and a current ratio of 2.01.

PagerDuty (NYSE:PD) last announced its quarterly earnings data on Thursday, March 12th. The company reported $0.29 EPS for the quarter, beating the consensus estimate of $0.24 by $0.05. The company had revenue of $124.79 million for the quarter, compared to the consensus estimate of $122.96 million. PagerDuty had a net margin of 35.30% and a return on equity of 16.29%. PagerDuty’s revenue for the quarter was up 2.7% on a year-over-year basis. During the same period in the prior year, the firm posted $0.22 EPS. PagerDuty has set its Q1 2027 guidance at 0.230-0.250 EPS and its FY 2027 guidance at 1.230-1.280 EPS. Sell-side analysts expect that PagerDuty will post -0.27 EPS for the current fiscal year.

Hedge Funds Weigh In On PagerDuty

Institutional investors have recently made changes to their positions in the business. IQ EQ FUND MANAGEMENT IRELAND Ltd lifted its stake in shares of PagerDuty by 78.3% in the 3rd quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd now owns 323,951 shares of the company’s stock worth $5,352,000 after purchasing an additional 142,232 shares during the period. ARK Investment Management LLC lifted its stake in shares of PagerDuty by 2.6% in the 3rd quarter. ARK Investment Management LLC now owns 8,827,404 shares of the company’s stock worth $145,829,000 after purchasing an additional 224,769 shares during the period. Vanguard Group Inc. lifted its stake in shares of PagerDuty by 17.1% in the 3rd quarter. Vanguard Group Inc. now owns 12,593,954 shares of the company’s stock worth $208,052,000 after purchasing an additional 1,840,407 shares during the period. Readystate Asset Management LP bought a new position in shares of PagerDuty in the 3rd quarter worth approximately $15,946,000. Finally, SG Americas Securities LLC bought a new position in shares of PagerDuty in the 3rd quarter worth approximately $4,312,000. 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.