PagerDuty (NYSE:PD) Given Average Rating of "Hold" by Analysts

Key Points

• Analysts have a consensus “Hold” rating on PagerDuty, with six holds, three buys, and two sells; the average 12-month price target is $12.94.
• PagerDuty slightly exceeded quarterly expectations, reporting $0.32 EPS versus the $0.31 estimate and revenue of $124.44 million versus $123.27 million expected.
• The company authorized a $100 million share repurchase plan, allowing buybacks of up to 16.4% of outstanding shares, while institutional investors own 97.26% of the stock.

PagerDuty (NYSE:PD - Get Free Report) has been given a consensus recommendation of "Hold" by the eleven brokerages that are currently covering the company, MarketBeat reports. Two analysts have rated the stock with a sell rating, six have issued a hold rating and three have assigned a buy rating to the company. The average 1 year price objective among brokers that have issued ratings on the stock in the last year is $12.9444.

Several brokerages have issued reports on PD. Truist Financial upped their target price on PagerDuty from $11.00 to $13.00 and gave the stock a "buy" rating in a research note on Thursday, August 20th. Wall Street Zen lowered shares of PagerDuty from a "buy" rating to a "hold" rating in a report on Saturday, July 25th. Morgan Stanley upped their price objective on shares of PagerDuty from $9.00 to $10.00 and gave the company an "underweight" rating in a research note on Friday. Weiss Ratings raised shares of PagerDuty from a "sell (d+)" rating to a "hold (c-)" rating in a report on Friday, August 21st. Finally, UBS Group set a $13.50 target price on shares of PagerDuty in a research report on Wednesday, August 26th.

PagerDuty Stock Performance

Shares of PD opened at $14.09 on Tuesday. The firm has a market cap of $1.11 billion, a PE ratio of 7.04, a PEG ratio of 3.55 and a beta of 0.93. The stock's fifty day moving average price is $10.80 and its two-hundred day moving average price is $8.49. The company has a debt-to-equity ratio of 1.71, a current ratio of 2.02 and a quick ratio of 2.02. PagerDuty has a 1 year low of $5.70 and a 1 year high of $17.29.

PagerDuty (NYSE:PD - Get Free Report) last released its quarterly earnings data on Thursday, August 27th. The company reported $0.32 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.31 by $0.01. PagerDuty had a return on equity of 18.52% and a net margin of 37.50%.The company had revenue of $124.44 million for the quarter, compared to analyst estimates of $123.27 million. During the same period in the previous year, the company posted $0.30 EPS. The firm's revenue for the quarter was up .8% compared to the same quarter last year. PagerDuty has set its FY 2027 guidance at 1.330-1.370 EPS and its Q3 2027 guidance at 0.340-0.360 EPS. On average, equities research analysts forecast that PagerDuty will post 0.58 EPS for the current year.

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

Institutional Trading of PagerDuty

A number of hedge funds and other institutional investors have recently modified their holdings of PD. Royal Bank of Canada raised its holdings in PagerDuty by 60.8% in the first quarter. Royal Bank of Canada now owns 96,575 shares of the company's stock worth $1,764,000 after buying an additional 36,517 shares during the last quarter. AQR Capital Management LLC increased its position in shares of PagerDuty by 110.6% during the first quarter. AQR Capital Management LLC now owns 147,127 shares of the company's stock valued at $2,679,000 after acquiring an additional 77,251 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in shares of PagerDuty by 1.3% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 51,601 shares of the company's stock valued at $943,000 after acquiring an additional 671 shares in the last quarter. Millennium Management LLC increased its position in shares of PagerDuty by 55.4% during the first quarter. Millennium Management LLC now owns 1,005,111 shares of the company's stock valued at $18,363,000 after acquiring an additional 358,347 shares in the last quarter. Finally, Woodline Partners LP purchased a new position in PagerDuty in the 1st quarter worth approximately $556,000. 97.26% of the stock is owned by hedge funds and other 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.

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