Brokerages Set PagerDuty (NYSE:PD) Price Target at $11.50

Shares of PagerDuty (NYSE:PD) have received an average rating of “Hold” from the eleven research firms that are currently covering the company, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and three have given a buy rating to the company. The average 1-year price objective among brokers that have issued a report on the stock in the last year is $11.50.

PD has been the topic of several research reports. Canaccord Genuity Group raised their target price on PagerDuty from $9.00 to $10.00 and gave the company a “buy” rating in a research report on Friday, May 29th. Wall Street Zen upgraded PagerDuty from a “hold” rating to a “buy” rating in a research report on Saturday, July 4th. Truist Financial increased their price objective on PagerDuty from $9.00 to $11.00 and gave the company a “buy” rating in a research note on Thursday, July 9th. Weiss Ratings upgraded PagerDuty from a “sell (d)” rating to a “sell (d+)” rating in a report on Monday, July 13th. Finally, Royal Bank Of Canada lifted their target price on shares of PagerDuty from $8.00 to $9.00 and gave the stock a “sector perform” rating in a research note on Friday, May 29th.

Hedge Funds Weigh In On PagerDuty

Institutional investors and hedge funds have recently bought and sold shares of the business. Vanguard Group Inc. raised its holdings in PagerDuty by 3.8% in the 4th quarter. Vanguard Group Inc. now owns 13,066,929 shares of the company’s stock valued at $171,307,000 after acquiring an additional 472,975 shares during the last quarter. Geode Capital Management LLC boosted its holdings in shares of PagerDuty by 2.9% during the 4th quarter. Geode Capital Management LLC now owns 2,113,117 shares of the company’s stock worth $27,708,000 after purchasing an additional 58,881 shares during the last quarter. Ameriprise Financial Inc. boosted its holdings in shares of PagerDuty by 333.2% during the 3rd quarter. Ameriprise Financial Inc. now owns 1,450,429 shares of the company’s stock worth $23,961,000 after purchasing an additional 1,115,577 shares during the last quarter. Loomis Sayles & Co. L P boosted its holdings in shares of PagerDuty by 0.3% during the 4th quarter. Loomis Sayles & Co. L P now owns 1,092,963 shares of the company’s stock worth $14,329,000 after purchasing an additional 3,276 shares during the last quarter. Finally, Millennium Management LLC grew its position in shares of PagerDuty by 55.4% in the first quarter. Millennium Management LLC now owns 1,005,111 shares of the company’s stock valued at $18,363,000 after purchasing an additional 358,347 shares in the last quarter. 97.26% of the stock is currently owned by institutional investors and hedge funds.

PagerDuty Stock Up 0.2%

PD stock opened at $10.32 on Monday. PagerDuty has a 52 week low of $5.70 and a 52 week high of $18.00. The company has a quick ratio of 1.95, a current ratio of 1.95 and a debt-to-equity ratio of 1.83. The firm has a 50-day simple moving average of $8.84 and a 200-day simple moving average of $8.43. The stock has a market capitalization of $796.26 million, a P/E ratio of 5.06, a P/E/G ratio of 2.64 and a beta of 0.94.

PagerDuty (NYSE:PD) last issued its quarterly earnings results on Thursday, May 28th. The company reported $0.32 earnings per share for the quarter, beating analysts’ consensus estimates of $0.24 by $0.08. PagerDuty had a net margin of 38.60% and a return on equity of 18.20%. The firm had revenue of $120.97 million for the quarter, compared to analyst estimates of $119.52 million. During the same period last year, the company posted $0.24 EPS. PagerDuty’s quarterly revenue was up 1.0% compared to the same quarter last year. PagerDuty has set its Q2 2027 guidance at 0.290-0.310 EPS. Equities analysts forecast that PagerDuty will post 0.58 earnings per share for the current fiscal year.

PagerDuty announced that its Board of Directors has approved a share buyback plan on Thursday, May 28th that allows the company to repurchase $100.00 million in shares. This repurchase authorization allows the company to repurchase up to 16.4% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s leadership 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.