PagerDuty (NYSE:PD) Stock Has Consensus Price Target of $12.56 According to Analysts

Key Points

• Analyst consensus is “Hold”: Of 10 covering brokerages, five rate PagerDuty a hold, three a buy and two a sell. The average 12-month price target is $12.56, below the reported share price of $14.39.
• Recent analyst actions were mixed but included several target increases: Canaccord Genuity raised its target to $15 and Truist Financial to $13, while Morgan Stanley maintained an underweight rating despite lifting its target to $10.
• PagerDuty’s latest quarterly results modestly beat expectations, with adjusted EPS of $0.32 versus $0.31 expected and revenue of $124.44 million versus $123.27 million. Institutional investors own a substantial 97.26% of the company’s shares.

Shares of PagerDuty (NYSE:PD - Get Free Report) have earned an average recommendation of "Hold" from the ten brokerages that are presently covering the company, MarketBeat.com reports. Two research analysts have rated the stock with a sell recommendation, five have given a hold recommendation and three have issued a buy recommendation on the company. The average 12 month price objective among analysts that have updated their coverage on the stock in the last year is $12.56.

Several research firms have recently weighed in on PD. Morgan Stanley lifted their price objective on PagerDuty from $9.00 to $10.00 and gave the company an "underweight" rating in a research note on Friday, August 28th. TD Cowen reissued a "buy" rating on shares of PagerDuty in a research report on Wednesday, August 26th. Truist Financial lifted their price target on shares of PagerDuty from $11.00 to $13.00 and gave the company a "buy" rating in a research report on Thursday, August 20th. Weiss Ratings raised shares of PagerDuty from a "hold (c-)" rating to a "hold (c)" rating in a research report on Friday, September 18th. Finally, Canaccord Genuity Group boosted their price objective on shares of PagerDuty from $10.00 to $15.00 and gave the stock a "buy" rating in a research note on Friday, August 28th.

Institutional Trading of PagerDuty

A number of institutional investors have recently added to or reduced their stakes in the business. Pacer Advisors Inc. boosted its stake in shares of 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 buying an additional 242,100 shares during the last quarter. Deutsche Bank AG bought a new stake in shares of PagerDuty in the second quarter worth $5,642,000. Hsbc Holdings PLC bought a new stake in shares of PagerDuty in the first quarter worth $789,000. KBC Group NV raised its holdings in PagerDuty by 5,537.9% in the first quarter. KBC Group NV now owns 248,181 shares of the company's stock valued at $1,541,000 after acquiring an additional 243,779 shares in the last quarter. Finally, Y Intercept Hong Kong Ltd raised its holdings in PagerDuty by 801.4% in the first 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 in the last quarter. 97.26% of the stock is owned by hedge funds and other institutional investors.

PagerDuty Trading Down 3.7%

Shares of PD opened at $14.39 on Friday. PagerDuty has a twelve month low of $5.70 and a twelve month high of $16.91. The firm has a market capitalization of $1.13 billion, a P/E ratio of 7.20, a price-to-earnings-growth ratio of 2.31 and a beta of 0.96. The company has a current ratio of 2.02, a quick ratio of 2.02 and a debt-to-equity ratio of 1.71. The stock's fifty day simple moving average is $12.40 and its 200 day simple moving average is $9.43.

PagerDuty (NYSE:PD - Get Free Report) last posted its quarterly earnings results 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. The firm had revenue of $124.44 million during the quarter, compared to the consensus estimate of $123.27 million. PagerDuty had a return on equity of 18.52% and a net margin of 37.50%.The firm's quarterly revenue was up .8% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.30 earnings per share. 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 0.69 earnings per share for the current year.

About PagerDuty

PagerDuty, Inc provides a digital operations management platform designed to help organizations detect, respond to and resolve critical issues across their technology and business operations. Its platform brings together data from applications, infrastructure, cloud environments and other systems to help teams manage incidents and maintain the reliability of digital services.

The company's offerings include incident management, AIOps, workflow automation and customer service operations capabilities.

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