PagerDuty, Inc. (NYSE:PD) Receives Average Recommendation of “Hold” from Analysts

Shares of PagerDuty, Inc. (NYSE:PD) have been given a consensus recommendation of “Hold” by the twelve analysts that are currently covering the firm, MarketBeat Ratings reports. Two research analysts have rated the stock with a sell recommendation, six have assigned a hold recommendation and four have issued a buy recommendation on the company. The average 12 month price objective among brokers that have covered the stock in the last year is $19.50.

Several research firms have commented on PD. Truist Financial lowered their price objective on PagerDuty from $26.00 to $23.00 and set a “buy” rating on the stock in a research report on Friday, May 30th. TD Securities decreased their target price on PagerDuty from $19.00 to $18.00 and set a “hold” rating on the stock in a research report on Wednesday, May 21st. Canaccord Genuity Group decreased their target price on PagerDuty from $23.00 to $21.00 and set a “buy” rating on the stock in a research report on Monday, June 2nd. The Goldman Sachs Group reduced their price objective on PagerDuty from $21.00 to $18.00 and set a “neutral” rating for the company in a research note on Friday, March 14th. Finally, Morgan Stanley cut their target price on PagerDuty from $20.00 to $17.00 and set an “equal weight” rating for the company in a research note on Wednesday, April 16th.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of PD. Headlands Technologies LLC raised its position in PagerDuty by 2,235.6% in the first quarter. Headlands Technologies LLC now owns 1,378 shares of the company’s stock worth $25,000 after acquiring an additional 1,319 shares in the last quarter. KBC Group NV purchased a new stake in shares of PagerDuty in the first quarter valued at $33,000. Summit Securities Group LLC purchased a new stake in shares of PagerDuty in the first quarter valued at $33,000. Venturi Wealth Management LLC purchased a new stake in shares of PagerDuty in the fourth quarter valued at $43,000. Finally, Picton Mahoney Asset Management purchased a new position in PagerDuty during the fourth quarter worth about $58,000. Institutional investors and hedge funds own 97.26% of the company’s stock.

PagerDuty Stock Down 1.5%

Shares of PD stock opened at $14.99 on Friday. The company has a debt-to-equity ratio of 3.52, a current ratio of 1.97 and a quick ratio of 1.97. The stock’s fifty day moving average price is $15.61 and its 200 day moving average price is $17.62. The company has a market cap of $1.37 billion, a price-to-earnings ratio of -18.74 and a beta of 0.88. PagerDuty has a 1-year low of $13.94 and a 1-year high of $23.12.

PagerDuty (NYSE:PD) last posted its quarterly earnings results on Thursday, May 29th. The company reported $0.24 earnings per share for the quarter, beating the consensus estimate of $0.19 by $0.05. The business had revenue of $119.81 million for the quarter, compared to the consensus estimate of $118.98 million. PagerDuty had a negative return on equity of 22.02% and a negative net margin of 16.29%. The company’s quarterly revenue was up 7.8% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.17 EPS. On average, research analysts expect that PagerDuty will post -0.27 earnings per share for the current fiscal year.

PagerDuty declared that its board has initiated a share buyback plan on Thursday, March 13th that authorizes the company to repurchase $150.00 million in outstanding shares. This repurchase authorization authorizes the company to reacquire up to 10.7% of its shares through open market purchases. Shares repurchase plans are typically an indication that the company’s management believes its stock is undervalued.

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.