PagerDuty (NYSE:PD) Downgraded to Hold Rating by Wall Street Zen

Wall Street Zen downgraded shares of PagerDuty (NYSE:PD) from a buy rating to a hold rating in a research note released on Saturday morning.

Several other analysts also recently weighed in on PD. Weiss Ratings upgraded PagerDuty from a “sell (d)” rating to a “sell (d+)” rating in a research report on Monday, July 13th. Canaccord Genuity Group raised their target price on shares of PagerDuty from $9.00 to $10.00 and gave the stock a “buy” rating in a report on Friday, May 29th. Truist Financial lifted their target price on shares of PagerDuty from $9.00 to $11.00 and gave the stock a “buy” rating in a research note on Thursday, July 9th. Morgan Stanley lowered shares of PagerDuty from an “equal weight” rating to an “underweight” rating and lowered their price target for the company from $10.00 to $9.00 in a report on Tuesday. Finally, Royal Bank Of Canada increased their price target on shares of PagerDuty from $8.00 to $9.00 and gave the company a “sector perform” rating in a research report on Friday, May 29th. Three equities research analysts have rated the stock with a Buy rating, five have given a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat, PagerDuty currently has an average rating of “Hold” and an average target price of $11.50.

PagerDuty Stock Up 5.2%

PD opened at $9.07 on Friday. The company has a market cap of $699.86 million, a P/E ratio of 4.45, a P/E/G ratio of 2.33 and a beta of 0.94. The business’s 50-day moving average price is $9.09 and its 200-day moving average price is $8.33. The company has a current ratio of 1.95, a quick ratio of 1.95 and a debt-to-equity ratio of 1.83. PagerDuty has a 12 month low of $5.70 and a 12 month high of $18.00.

PagerDuty (NYSE:PD) last released its earnings results on Thursday, May 28th. The company reported $0.32 earnings per share for the quarter, beating analysts’ consensus estimates of $0.24 by $0.08. PagerDuty had a return on equity of 18.20% and a net margin of 38.60%.The company had revenue of $120.97 million during the quarter, compared to analyst estimates of $119.52 million. During the same quarter in the previous year, the company posted $0.24 EPS. PagerDuty’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. On average, equities analysts expect that PagerDuty will post 0.58 EPS for the current year.

PagerDuty declared that its Board of Directors has initiated a share repurchase plan on Thursday, May 28th that allows the company to buyback $100.00 million in outstanding shares. This buyback authorization allows the company to reacquire up to 16.4% of its stock through open market purchases. Stock buyback plans are often an indication that the company’s board of directors believes its shares are undervalued.

Institutional Investors Weigh In On PagerDuty

Several institutional investors and hedge funds have recently bought and sold shares of the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in PagerDuty by 1.3% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 51,601 shares of the company’s stock valued at $943,000 after buying an additional 671 shares during the last quarter. California State Teachers Retirement System boosted its stake in shares of PagerDuty by 1.4% in the 2nd quarter. California State Teachers Retirement System now owns 81,474 shares of the company’s stock worth $1,245,000 after buying an additional 1,129 shares during the last quarter. ProShare Advisors LLC boosted its stake in shares of PagerDuty by 11.8% in the 4th quarter. ProShare Advisors LLC now owns 16,324 shares of the company’s stock worth $214,000 after buying an additional 1,720 shares during the last quarter. KBC Group NV grew its holdings in shares of PagerDuty by 89.5% in the fourth quarter. KBC Group NV now owns 4,402 shares of the company’s stock worth $58,000 after acquiring an additional 2,079 shares during the period. Finally, Loomis Sayles & Co. L P grew its holdings in shares of PagerDuty by 0.3% in the fourth quarter. Loomis Sayles & Co. L P now owns 1,092,963 shares of the company’s stock worth $14,329,000 after acquiring an additional 3,276 shares during the period. Hedge funds and other institutional investors own 97.26% of the company’s stock.

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.