PagerDuty, Inc. (NYSE:PD - Get Free Report) has been assigned a consensus recommendation of "Hold" from the twelve research firms that are presently covering the stock, Marketbeat reports. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and four have issued a buy rating on the company. The average twelve-month target price among analysts that have covered the stock in the last year is $19.50.
A number of brokerages recently issued reports on PD. Royal Bank of Canada lowered their price target on PagerDuty from $22.00 to $20.00 and set an "outperform" rating for the company in a research report on Friday, May 30th. The Goldman Sachs Group lowered their price target on PagerDuty from $21.00 to $18.00 and set a "neutral" rating for the company in a research report on Friday, March 14th. Truist Financial lowered their price target on PagerDuty from $26.00 to $23.00 and set a "buy" rating for the company in a research report on Friday, May 30th. TD Securities lowered their price target on PagerDuty from $19.00 to $18.00 and set a "hold" rating for the company in a research report on Wednesday, May 21st. Finally, Canaccord Genuity Group lowered their price target on PagerDuty from $23.00 to $21.00 and set a "buy" rating for the company in a research report on Monday, June 2nd.
Read Our Latest Report on PD
PagerDuty Price Performance
Shares of PD stock traded down $0.58 on Friday, reaching $15.26. The company's stock had a trading volume of 1,395,645 shares, compared to its average volume of 1,105,216. The stock's fifty day simple moving average is $15.62 and its 200-day simple moving average is $17.68. PagerDuty has a 1 year low of $13.94 and a 1 year high of $23.12. The company has a current ratio of 1.97, a quick ratio of 1.97 and a debt-to-equity ratio of 3.52. The company has a market capitalization of $1.39 billion, a price-to-earnings ratio of -19.07 and a beta of 0.88.
PagerDuty (NYSE:PD - Get Free Report) last posted its earnings results on Thursday, May 29th. The company reported $0.24 earnings per share for the quarter, beating analysts' consensus estimates of $0.19 by $0.05. The firm had revenue of $119.81 million during the quarter, compared to analyst estimates of $118.98 million. PagerDuty had a negative net margin of 16.29% and a negative return on equity of 22.02%. PagerDuty's revenue for the quarter was up 7.8% compared to the same quarter last year. During the same period last year, the firm posted $0.17 earnings per share. Analysts forecast that PagerDuty will post -0.27 earnings per share for the current fiscal year.
PagerDuty announced that its board has authorized a stock repurchase program on Thursday, March 13th that allows the company to buyback $150.00 million in shares. This buyback authorization allows the company to purchase up to 10.7% of its stock through open market purchases. Stock buyback programs are usually an indication that the company's management believes its shares are undervalued.
Institutional Trading of PagerDuty
Institutional investors and hedge funds have recently made changes to their positions in the company. Headlands Technologies LLC raised its holdings in shares of PagerDuty by 2,235.6% in the first quarter. Headlands Technologies LLC now owns 1,378 shares of the company's stock valued at $25,000 after acquiring an additional 1,319 shares in the last quarter. KBC Group NV bought a new stake in shares of PagerDuty in the first quarter valued at about $33,000. Summit Securities Group LLC bought a new stake in shares of PagerDuty in the first quarter valued at about $33,000. Venturi Wealth Management LLC bought a new stake in shares of PagerDuty in the fourth quarter valued at about $43,000. Finally, Picton Mahoney Asset Management bought a new stake in shares of PagerDuty in the fourth quarter valued at about $58,000. 97.26% of the stock is currently owned by institutional investors.
PagerDuty Company Profile
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Get Free ReportPagerDuty, 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.
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