PagerDuty (NYSE:PD) Cut to “Hold” at Wall Street Zen

Wall Street Zen cut shares of PagerDuty (NYSE:PD) from a buy rating to a hold rating in a report released on Saturday.

A number of other brokerages have also weighed in on PD. Canaccord Genuity Group raised their price objective on PagerDuty from $9.00 to $10.00 and gave the company a “buy” rating in a report on Friday, May 29th. Truist Financial upped their target price on shares of PagerDuty from $9.00 to $11.00 and gave the stock a “buy” rating in a report on Thursday, July 9th. Morgan Stanley lowered shares of PagerDuty from an “equal weight” rating to an “underweight” rating and dropped their target price for the stock from $10.00 to $9.00 in a report on Tuesday, July 21st. Weiss Ratings upgraded shares of PagerDuty from a “sell (d)” rating to a “sell (d+)” rating in a research report on Monday, July 13th. Finally, Royal Bank Of Canada raised their price target 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. Three research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat, PagerDuty presently has an average rating of “Hold” and a consensus price target of $11.50.

PagerDuty Price Performance

Shares of PagerDuty stock opened at $9.77 on Friday. The business has a 50 day simple moving average of $9.14 and a two-hundred day simple moving average of $8.28. PagerDuty has a 12 month low of $5.70 and a 12 month high of $17.45. The stock has a market capitalization of $753.15 million, a P/E ratio of 4.79, a PEG ratio of 2.33 and a beta of 0.94. The company has a debt-to-equity ratio of 1.83, a current ratio of 1.95 and a quick ratio of 1.95.

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

PagerDuty announced that its board has approved a stock repurchase plan on Thursday, May 28th that authorizes the company to repurchase $100.00 million in shares. This repurchase authorization authorizes the company to reacquire up to 16.4% of its shares through open market purchases. Shares repurchase plans are usually an indication that the company’s board believes its shares are undervalued.

Hedge Funds Weigh In On PagerDuty

A number of institutional investors have recently added to or reduced their stakes in PD. WealthCollab LLC purchased a new stake in PagerDuty in the 1st quarter valued at $25,000. PNC Financial Services Group Inc. raised its holdings 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 worth $31,000 after acquiring an additional 4,599 shares during the period. EverSource Wealth Advisors LLC raised its holdings 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 worth $32,000 after acquiring an additional 4,147 shares during the period. Optiver Holding B.V. raised 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 acquiring an additional 5,927 shares during the period. Finally, KBC Group NV boosted its position in shares of PagerDuty by 89.5% during the 4th quarter. KBC Group NV now owns 4,402 shares of the company’s stock valued at $58,000 after acquiring an additional 2,079 shares during the last quarter. Hedge funds and other 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.