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

Key Points

• PagerDuty (NYSE:PD) currently holds an average consensus rating of "Hold", with two sell ratings, six hold ratings, and six buy ratings from analysts.
• The company's stock price target has fluctuated, with recent adjustments resulting in estimates ranging from $18.00 to $23.00 from various financial institutions.
• PagerDuty reported a quarterly earnings per share of $0.24, surpassing analyst expectations and showing a 7.8% increase in revenue compared to the same quarter the previous year.

PagerDuty (NYSE:PD - Get Free Report) has earned a consensus rating of "Hold" from the fourteen research firms that are covering the firm, MarketBeat Ratings reports. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and six have given a buy rating to the company. The average twelve-month price target among analysts that have covered the stock in the last year is $19.75.

PD has been the topic of several recent analyst reports. Truist Financial dropped their price target on shares of PagerDuty from $26.00 to $23.00 and set a "buy" rating on the stock in a research note on Friday, May 30th. JPMorgan Chase & Co. dropped their price target on shares of PagerDuty from $21.00 to $18.00 and set an "underweight" rating on the stock in a research note on Friday, May 30th. TD Securities dropped their price target on shares of PagerDuty from $19.00 to $18.00 and set a "hold" rating on the stock in a research note on Wednesday, May 21st. Cowen upgraded shares of PagerDuty from a "hold" rating to a "buy" rating in a research note on Monday, July 28th. Finally, Royal Bank Of Canada dropped their price target on shares of PagerDuty from $22.00 to $20.00 and set an "outperform" rating on the stock in a research note on Friday, May 30th.

Hedge Funds Weigh In On PagerDuty

Several hedge funds have recently added to or reduced their stakes in the stock. ARK Investment Management LLC grew its position in shares of PagerDuty by 1.9% during the first quarter. ARK Investment Management LLC now owns 9,170,848 shares of the company's stock worth $167,551,000 after acquiring an additional 174,501 shares during the last quarter. RGM Capital LLC grew its position in shares of PagerDuty by 12.6% during the first quarter. RGM Capital LLC now owns 5,649,592 shares of the company's stock worth $103,218,000 after acquiring an additional 634,131 shares during the last quarter. Janus Henderson Group PLC grew its position in shares of PagerDuty by 2.1% during the fourth quarter. Janus Henderson Group PLC now owns 3,056,795 shares of the company's stock worth $55,817,000 after acquiring an additional 61,456 shares during the last quarter. Bank of New York Mellon Corp grew its position in shares of PagerDuty by 11.6% during the first quarter. Bank of New York Mellon Corp now owns 1,010,175 shares of the company's stock worth $18,456,000 after acquiring an additional 104,838 shares during the last quarter. Finally, Millennium Management LLC lifted its holdings 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 worth $18,363,000 after purchasing an additional 358,347 shares during the period. 97.26% of the stock is currently owned by hedge funds and other institutional investors.

PagerDuty Stock Down 1.6%

PD stock opened at $15.7740 on Friday. The company's 50 day moving average price is $15.32 and its 200 day moving average price is $16.30. The company has a debt-to-equity ratio of 2.70, a quick ratio of 2.02 and a current ratio of 2.02. PagerDuty has a fifty-two week low of $13.69 and a fifty-two week high of $21.98. The firm has a market capitalization of $1.44 billion, a price-to-earnings ratio of -39.44, a PEG ratio of 9.62 and a beta of 0.89.

PagerDuty (NYSE:PD - Get Free Report) last released its earnings results on Thursday, May 29th. The company reported $0.24 earnings per share for the quarter, topping analysts' consensus estimates of $0.19 by $0.05. PagerDuty had a negative net margin of 7.75% and a negative return on equity of 8.73%. The firm had revenue of $119.81 million for the quarter, compared to analyst estimates of $118.98 million. During the same period in the prior year, the firm earned $0.17 earnings per share. The business's quarterly revenue was up 7.8% compared to the same quarter last year. PagerDuty has set its FY 2026 guidance at 0.950-1.00 EPS. Q2 2026 guidance at 0.190-0.200 EPS. On average, equities research analysts anticipate that PagerDuty will post -0.27 EPS for the current fiscal year.

PagerDuty Company Profile

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.

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