PagerDuty (NYSE:PD) Stock Price Expected to Rise, Truist Financial Analyst Says

PagerDuty (NYSE:PD) had its price target hoisted by stock analysts at Truist Financial from $11.00 to $13.00 in a research report issued to clients and investors on Thursday,Benzinga reports. The firm presently has a “buy” rating on the stock. Truist Financial’s target price indicates a potential upside of 7.44% from the stock’s previous close.

PD has been the topic of a number of other reports. Royal Bank Of Canada upped their price target on PagerDuty from $9.00 to $12.00 and gave the company a “sector perform” rating in a report on Friday, August 14th. Canaccord Genuity Group raised their price objective on shares of PagerDuty from $9.00 to $10.00 and gave the company a “buy” rating in a research report on Friday, May 29th. Weiss Ratings upgraded PagerDuty from a “sell (d)” rating to a “sell (d+)” rating in a research note on Monday, July 13th. Morgan Stanley lowered PagerDuty from an “equal weight” rating to an “underweight” rating and lowered their price objective for the company from $10.00 to $9.00 in a research note on Tuesday, July 21st. Finally, Wall Street Zen cut shares of PagerDuty from a “buy” rating to a “hold” rating in a research report on Saturday, July 25th. Three equities research analysts have rated the stock with a Buy rating, five have given a Hold rating and three have given a Sell rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $12.12.

PagerDuty Stock Performance

Shares of NYSE:PD traded down $0.07 during midday trading on Thursday, reaching $12.10. 194,815 shares of the company traded hands, compared to its average volume of 2,485,663. The company has a quick ratio of 1.95, a current ratio of 1.95 and a debt-to-equity ratio of 1.83. The firm has a market capitalization of $933.15 million, a price-to-earnings ratio of 5.93, a price-to-earnings-growth ratio of 3.04 and a beta of 0.93. PagerDuty has a 12 month low of $5.70 and a 12 month high of $17.29. The firm’s fifty day moving average price is $10.15 and its two-hundred day moving average price is $8.26.

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

PagerDuty announced that its Board of Directors has initiated a share repurchase program on Thursday, May 28th that allows the company to buyback $100.00 million in shares. This buyback authorization allows the company to purchase up to 16.4% of its shares through open market purchases. Shares buyback programs are generally a sign that the company’s management believes its shares are undervalued.

Institutional Trading of PagerDuty

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. grew its position in PagerDuty by 3.8% during the 4th quarter. Vanguard Group Inc. now owns 13,066,929 shares of the company’s stock worth $171,307,000 after purchasing an additional 472,975 shares during the last quarter. Hsbc Holdings PLC purchased a new position in shares of PagerDuty during the first quarter worth about $789,000. KBC Group NV grew its holdings in shares of PagerDuty by 5,537.9% during the first quarter. KBC Group NV now owns 248,181 shares of the company’s stock worth $1,541,000 after buying an additional 243,779 shares during the last quarter. Y Intercept Hong Kong Ltd increased its position in PagerDuty by 801.4% in the 1st quarter. Y Intercept Hong Kong Ltd now owns 206,701 shares of the company’s stock valued at $1,284,000 after acquiring an additional 183,770 shares during the period. Finally, Pacer Advisors Inc. raised its stake in PagerDuty by 73.9% during the 1st quarter. Pacer Advisors Inc. now owns 569,907 shares of the company’s stock valued at $3,539,000 after acquiring an additional 242,100 shares during the last quarter. Institutional investors and hedge funds 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.