PagerDuty (NYSE:PD) Receives $18.70 Consensus Target Price from Analysts

PagerDuty (NYSE:PD) has been assigned an average rating of “Hold” from the twelve ratings firms that are presently covering the stock, MarketBeat reports. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and five have issued a buy rating on the company. The average twelve-month price objective among brokerages that have issued ratings on the stock in the last year is $18.70.

Several brokerages have weighed in on PD. Cowen upgraded PagerDuty from a “hold” rating to a “buy” rating in a report on Monday, July 28th. Royal Bank Of Canada cut their price target on PagerDuty from $20.00 to $18.00 and set an “outperform” rating on the stock in a report on Thursday, September 4th. Truist Financial dropped their price objective on PagerDuty from $26.00 to $23.00 and set a “buy” rating on the stock in a report on Friday, May 30th. TD Cowen upgraded PagerDuty from a “hold” rating to a “buy” rating and set a $22.00 price objective on the stock in a report on Monday, July 28th. Finally, Wall Street Zen upgraded PagerDuty from a “buy” rating to a “strong-buy” rating in a report on Sunday, August 31st.

PagerDuty Price Performance

Shares of NYSE PD opened at $16.30 on Tuesday. The stock’s 50-day moving average is $15.93 and its two-hundred day moving average is $15.97. The company has a debt-to-equity ratio of 2.18, a current ratio of 2.39 and a quick ratio of 2.39. PagerDuty has a 1-year low of $13.69 and a 1-year high of $21.98. The company has a market cap of $1.52 billion, a price-to-earnings ratio of -101.84, a price-to-earnings-growth ratio of 13.23 and a beta of 0.88.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. Teacher Retirement System of Texas purchased a new position in shares of PagerDuty in the 1st quarter valued at about $229,000. Nuveen Asset Management LLC increased its holdings in shares of PagerDuty by 0.9% in the 4th quarter. Nuveen Asset Management LLC now owns 622,940 shares of the company’s stock valued at $11,375,000 after acquiring an additional 5,466 shares during the last quarter. Envestnet Asset Management Inc. increased its holdings in shares of PagerDuty by 18.5% in the 1st quarter. Envestnet Asset Management Inc. now owns 158,541 shares of the company’s stock valued at $2,897,000 after acquiring an additional 24,777 shares during the last quarter. KBC Group NV acquired a new stake in shares of PagerDuty in the 1st quarter valued at about $33,000. Finally, Russell Investments Group Ltd. boosted its position in shares of PagerDuty by 7,117.3% in the 1st quarter. Russell Investments Group Ltd. now owns 33,705 shares of the company’s stock valued at $616,000 after purchasing an additional 33,238 shares during the period. 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.