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 research note published on Monday.

PD has been the subject of a number of other research reports. Bank of America initiated coverage on PagerDuty in a research report on Tuesday, December 2nd. They set an “underperform” rating and a $12.00 target price for the company. Morgan Stanley set a $9.00 price objective on shares of PagerDuty in a research note on Thursday, February 19th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of PagerDuty in a report on Monday, December 29th. 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. Finally, Royal Bank Of Canada dropped their target price on shares of PagerDuty from $9.00 to $8.00 and set a “sector perform” rating on the stock in a report on Friday, March 13th. Three analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $12.40.

PagerDuty Price Performance

NYSE PD opened at $6.34 on Monday. PagerDuty has a fifty-two week low of $5.91 and a fifty-two week high of $18.51. The stock’s 50-day moving average is $7.70 and its two-hundred day moving average is $12.01. The firm has a market cap of $538.35 million, a P/E ratio of 3.44, a price-to-earnings-growth ratio of 2.76 and a beta of 0.78. The company has a debt-to-equity ratio of 1.56, a current ratio of 2.01 and a quick ratio of 2.01.

PagerDuty (NYSE:PD) last released its quarterly earnings results on Thursday, March 12th. The company reported $0.29 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.24 by $0.05. The company had revenue of $124.79 million during the quarter, compared to the consensus estimate of $122.96 million. PagerDuty had a return on equity of 16.29% and a net margin of 35.30%.The firm’s revenue was up 2.7% on a year-over-year basis. During the same quarter in the prior year, the company 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. On average, analysts anticipate that PagerDuty will post -0.27 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the business. EverSource Wealth Advisors LLC grew its stake in shares of 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 acquiring an additional 1,149 shares during the last quarter. KBC Group NV raised its stake in 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 purchasing an additional 2,079 shares during the last quarter. Aster Capital Management DIFC Ltd acquired a new position in PagerDuty during the 3rd quarter valued at $59,000. State of Alaska Department of Revenue bought a new stake in PagerDuty in the 3rd quarter valued at $67,000. Finally, Kestra Advisory Services LLC bought a new stake in PagerDuty in the 4th quarter valued at $68,000. 97.26% of the stock is currently owned by institutional investors and hedge funds.

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.