PagerDuty (NYSE:PD) Lowered to Buy Rating by Wall Street Zen

Wall Street Zen downgraded shares of PagerDuty (NYSE:PD) from a strong-buy rating to a buy rating in a research note published on Friday.

Several other research analysts also recently commented on the stock. Robert W. Baird decreased their price target on shares of PagerDuty from $18.00 to $16.00 and set a “neutral” rating on the stock in a research note on Thursday, September 4th. Zacks Research upgraded shares of PagerDuty to a “hold” rating in a research report on Friday, August 8th. TD Cowen cut their price target on shares of PagerDuty from $22.00 to $20.00 and set a “buy” rating for the company in a research report on Wednesday. Royal Bank Of Canada reduced their price objective on PagerDuty from $18.00 to $17.00 and set an “outperform” rating on the stock in a research note on Wednesday. Finally, Weiss Ratings reissued a “sell (e+)” rating on shares of PagerDuty in a research note on Wednesday, October 8th. Five equities research analysts have rated the stock with a Buy rating, six have issued a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $17.73.

PagerDuty Stock Up 2.9%

PD opened at $11.98 on Friday. The business’s fifty day simple moving average is $15.56 and its 200 day simple moving average is $15.65. PagerDuty has a 52 week low of $11.13 and a 52 week high of $21.86. The company has a quick ratio of 2.39, a current ratio of 2.39 and a debt-to-equity ratio of 2.18. The stock has a market cap of $1.12 billion, a PE ratio of 7.49, a P/E/G ratio of 8.46 and a beta of 0.83.

PagerDuty (NYSE:PD) last posted its quarterly earnings data on Tuesday, November 25th. The company reported $0.33 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.24 by $0.09. The firm had revenue of $124.55 million during the quarter, compared to analysts’ expectations of $124.92 million. PagerDuty had a return on equity of 13.11% and a net margin of 31.12%.The company’s revenue for the quarter was up 4.7% compared to the same quarter last year. During the same period in the prior year, the business earned $0.26 EPS. PagerDuty has set its FY 2026 guidance at 1.110-1.120 EPS. Q4 2026 guidance at 0.240-0.250 EPS. As a group, research analysts expect that PagerDuty will post -0.27 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of PD. Vanguard Group Inc. raised its position in PagerDuty by 17.1% during the 3rd quarter. Vanguard Group Inc. now owns 12,593,954 shares of the company’s stock valued at $208,052,000 after purchasing an additional 1,840,407 shares during the last quarter. Ameriprise Financial Inc. raised its holdings in shares of PagerDuty by 333.2% during the third quarter. Ameriprise Financial Inc. now owns 1,450,429 shares of the company’s stock valued at $23,961,000 after acquiring an additional 1,115,577 shares in the last quarter. Readystate Asset Management LP bought a new position in shares of PagerDuty during the third quarter valued at approximately $15,946,000. Alyeska Investment Group L.P. purchased a new stake in PagerDuty in the third quarter worth $13,710,000. Finally, Danske Bank A S bought a new stake in PagerDuty in the third quarter valued at $13,271,000. 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.