PagerDuty (NYSE:PD) Receives Consensus Recommendation of "Hold" from Brokerages

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.

PagerDuty (NYSE:PD - Get Free Report) has been assigned an average rating of "Hold" from the twelve research firms that are covering the stock, Marketbeat reports. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and five have issued a buy rating on the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is $18.70.

A number of research analysts recently commented on the stock. Royal Bank Of Canada lowered their price target on shares of PagerDuty from $20.00 to $18.00 and set an "outperform" rating for the company in a report on Thursday, September 4th. TD Cowen raised shares of PagerDuty from a "hold" rating to a "buy" rating and set a $22.00 price objective on the stock in a research report on Monday, July 28th. Zacks Research raised shares of PagerDuty to a "hold" rating in a research report on Friday, August 8th. Robert W. Baird reduced their price objective on shares of PagerDuty from $18.00 to $16.00 and set a "neutral" rating on the stock in a research report on Thursday, September 4th. Finally, JPMorgan Chase & Co. reduced their price objective on shares of PagerDuty from $21.00 to $18.00 and set an "underweight" rating on the stock in a research report on Friday, May 30th.

Institutional Trading of PagerDuty

Institutional investors and hedge funds have recently modified their holdings of the stock. Headlands Technologies LLC raised its stake 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. KBC Group NV bought a new stake in shares of PagerDuty during the first quarter valued at approximately $33,000. State of Tennessee Department of Treasury bought a new stake in shares of PagerDuty during the second quarter valued at approximately $160,000. Finally, Oxford Asset Management LLP bought a new stake in shares of PagerDuty during the second quarter valued at approximately $168,000. Institutional investors own 97.26% of the company's stock.

PagerDuty Trading Down 0.7%

Shares of NYSE:PD traded down $0.11 during trading on Tuesday, reaching $16.32. The company's stock had a trading volume of 2,715,361 shares, compared to its average volume of 2,505,447. The company has a current ratio of 2.39, a quick ratio of 2.39 and a debt-to-equity ratio of 2.18. PagerDuty has a 12 month low of $13.69 and a 12 month high of $21.98. The firm's 50 day simple moving average is $15.90 and its two-hundred day simple moving average is $16.00. The stock has a market capitalization of $1.52 billion, a PE ratio of -102.00, a price-to-earnings-growth ratio of 13.32 and a beta of 0.88.

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.