Truist Financial Issues Positive Forecast for PagerDuty (NYSE:PD) Stock Price

PagerDuty (NYSE:PD) had its target price increased by research analysts at Truist Financial from $9.00 to $11.00 in a report released on Thursday,Benzinga reports. The brokerage currently has a “buy” rating on the stock. Truist Financial’s price target would suggest a potential upside of 6.94% from the stock’s previous close.

Several other research analysts have also issued reports on PD. Wall Street Zen raised shares of PagerDuty from a “hold” rating to a “buy” rating in a research report on Saturday, July 4th. Canaccord Genuity Group lifted 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. Weiss Ratings reiterated a “sell (d)” rating on shares of PagerDuty in a research note on Friday, May 22nd. TD Cowen dropped their target price on PagerDuty from $20.00 to $10.00 and set a “buy” rating for the company in a report on Friday, March 13th. Finally, Royal Bank Of Canada raised their target price on PagerDuty from $8.00 to $9.00 and gave the stock a “sector perform” rating in a research report on Friday, May 29th. Three analysts have rated the stock with a Buy rating, six have assigned a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $11.50.

PagerDuty Stock Up 2.5%

Shares of PD stock opened at $10.29 on Thursday. PagerDuty has a one year low of $5.70 and a one year high of $18.00. The company has a debt-to-equity ratio of 1.83, a current ratio of 1.95 and a quick ratio of 1.95. The stock has a fifty day moving average price of $8.32 and a 200 day moving average price of $8.55. The stock has a market cap of $793.26 million, a P/E ratio of 5.02, a price-to-earnings-growth ratio of 2.64 and a beta of 0.94.

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

PagerDuty declared that its board has approved a share buyback plan on Thursday, May 28th that permits the company to repurchase $100.00 million in outstanding shares. This repurchase authorization permits the company to purchase up to 16.4% of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s leadership believes its shares are undervalued.

Institutional Trading of PagerDuty

Several large investors have recently added to or reduced their stakes in PD. Ameriprise Financial Inc. boosted its holdings in shares of PagerDuty by 333.2% in the 3rd quarter. Ameriprise Financial Inc. now owns 1,450,429 shares of the company’s stock worth $23,961,000 after acquiring an additional 1,115,577 shares in the last quarter. Dimensional Fund Advisors LP bought a new position in PagerDuty in the 1st quarter valued at $6,074,000. Alyeska Investment Group L.P. acquired a new position in PagerDuty in the third quarter worth $13,710,000. Danske Bank A S acquired a new position in PagerDuty in the third quarter worth $13,271,000. Finally, Jacobs Levy Equity Management Inc. bought a new stake in shares of PagerDuty during the fourth quarter worth $9,910,000. 97.26% of the stock is owned by institutional investors.

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.