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

Key Points

• PagerDuty (NYSE:PD) is currently rated as a "Hold" by twelve analysts, with a consensus price target of $18.70.
• Recent ratings updates include a downgrade by JPMorgan Chase & Co. from $21.00 to $18.00 and an upgrade from "buy" to "strong-buy" by Wall Street Zen.
• The stock has experienced a 12-month low of $13.69 and a high of $21.98, with a current market cap of $1.49 billion.

Shares of PagerDuty (NYSE:PD - Get Free Report) have earned an average rating of "Hold" from the twelve analysts that are presently covering the firm, MarketBeat.com reports. Two equities research analysts have rated the stock with a sell recommendation, five have issued a hold recommendation and five have given a buy recommendation to the company. The average 12 month price target among brokers that have issued a report on the stock in the last year is $18.70.

Several equities analysts recently commented on PD shares. Wall Street Zen upgraded PagerDuty from a "buy" rating to a "strong-buy" rating in a research note on Sunday, August 31st. Cowen upgraded PagerDuty from a "hold" rating to a "buy" rating in a research report on Monday, July 28th. JPMorgan Chase & Co. dropped their target price on PagerDuty from $21.00 to $18.00 and set an "underweight" rating on the stock in a research report on Friday, May 30th. Truist Financial dropped their target price on PagerDuty from $26.00 to $23.00 and set a "buy" rating on the stock in a research report on Friday, May 30th. Finally, Royal Bank Of Canada dropped their target price on PagerDuty from $20.00 to $18.00 and set an "outperform" rating on the stock in a research report on Thursday, September 4th.

PagerDuty Price Performance

PagerDuty stock opened at $15.97 on Tuesday. PagerDuty has a 12 month low of $13.69 and a 12 month high of $21.98. The company has a current ratio of 2.39, a quick ratio of 2.39 and a debt-to-equity ratio of 2.18. The business's 50 day simple moving average is $15.86 and its 200 day simple moving average is $16.01. The company has a market cap of $1.49 billion, a price-to-earnings ratio of -99.80, a PEG ratio of 13.33 and a beta of 0.88.

Institutional Investors Weigh In On PagerDuty

Institutional investors have recently made changes to their positions in the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in shares of PagerDuty by 1.2% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 50,930 shares of the company's stock valued at $930,000 after purchasing an additional 586 shares during the last quarter. California State Teachers Retirement System increased its position in shares of PagerDuty by 1.4% during the second quarter. California State Teachers Retirement System now owns 81,474 shares of the company's stock valued at $1,245,000 after acquiring an additional 1,129 shares in the last quarter. Headlands Technologies LLC increased its position in shares of PagerDuty by 2,235.6% during 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. Summit Securities Group LLC bought a new stake in shares of PagerDuty during the first quarter valued at approximately $33,000. Finally, KBC Group NV bought a new stake in shares of PagerDuty during the first quarter valued at approximately $33,000. 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.