PagerDuty (NYSE:PD) Raised to "Buy" at Wall Street Zen

Key Points

• Wall Street Zen upgraded PagerDuty from a "hold" to a "buy," but the stock's consensus rating remains a "Hold" with a $12.40 price target (3 buys, 7 holds, 3 sells).
• PagerDuty beat the quarter with $0.29 EPS vs. $0.24 expected and $124.8M revenue, and issued Q1 FY2027 guidance of $0.230–0.250 EPS and FY2027 guidance of $1.230–1.280 EPS.
• Shares opened at $6.62 (market cap ≈ $562M) and trade near their 1‑year low after several analysts cut targets to the $9–$10 range, while institutional ownership remains very high (~97%).

PagerDuty (NYSE:PD - Get Free Report) was upgraded by Wall Street Zen from a "hold" rating to a "buy" rating in a report released on Tuesday.

PD has been the topic of a number of other reports. Morgan Stanley set a $9.00 target price on shares of PagerDuty in a report on Thursday, February 19th. TD Cowen lowered their target price on shares of PagerDuty from $20.00 to $10.00 and set a "buy" rating on the stock in a report on Friday, March 13th. William Blair restated a "market perform" rating on shares of PagerDuty in a report on Friday, March 13th. Truist Financial lowered their target price on shares of PagerDuty from $12.00 to $9.00 and set a "buy" rating on the stock in a report on Friday, March 13th. Finally, Canaccord Genuity Group lowered their target price on shares of PagerDuty from $19.00 to $9.00 and set a "buy" rating on the stock in a report on Friday, March 13th. Three research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat, PagerDuty currently has a consensus rating of "Hold" and a consensus price target of $12.40.

PagerDuty Price Performance

Shares of PD opened at $6.62 on Tuesday. The company has a market cap of $562.14 million, a price-to-earnings ratio of 3.60, a PEG ratio of 2.84 and a beta of 0.78. PagerDuty has a 1-year low of $5.91 and a 1-year high of $18.00. The company's fifty day simple moving average is $7.42 and its 200 day simple moving average is $11.78. The company has a current ratio of 2.01, a quick ratio of 2.01 and a debt-to-equity ratio of 1.56.

PagerDuty (NYSE:PD - Get Free Report) last issued its earnings results on Thursday, March 12th. The company reported $0.29 earnings per share for the quarter, topping analysts' consensus estimates of $0.24 by $0.05. The business had revenue of $124.79 million for the quarter, compared to the consensus estimate of $122.96 million. PagerDuty had a net margin of 35.30% and a return on equity of 16.29%. The firm's revenue for the quarter was up 2.7% on a year-over-year basis. During the same period in the previous year, the company earned $0.22 earnings per share. PagerDuty has set its Q1 2027 guidance at 0.230-0.250 EPS and its FY 2027 guidance at 1.230-1.280 EPS. On average, research analysts forecast that PagerDuty will post -0.27 earnings per share for the current fiscal year.

Hedge Funds Weigh In On PagerDuty

Several institutional investors and hedge funds have recently modified their holdings of the stock. Vanguard Group Inc. increased its holdings in shares of PagerDuty by 3.8% in the fourth quarter. Vanguard Group Inc. now owns 13,066,929 shares of the company's stock valued at $171,307,000 after purchasing an additional 472,975 shares during the last quarter. ARK Investment Management LLC increased its holdings in shares of PagerDuty by 2.6% in the third quarter. ARK Investment Management LLC now owns 8,827,404 shares of the company's stock valued at $145,829,000 after purchasing an additional 224,769 shares during the last quarter. Geode Capital Management LLC increased its holdings in shares of PagerDuty by 2.9% in the fourth quarter. Geode Capital Management LLC now owns 2,113,117 shares of the company's stock valued at $27,708,000 after purchasing an additional 58,881 shares during the last quarter. Ameriprise Financial Inc. increased its holdings in shares of PagerDuty by 333.2% in the third quarter. Ameriprise Financial Inc. now owns 1,450,429 shares of the company's stock valued at $23,961,000 after purchasing an additional 1,115,577 shares during the last quarter. Finally, Loomis Sayles & Co. L P increased its holdings in shares of PagerDuty by 0.3% in the fourth quarter. Loomis Sayles & Co. L P now owns 1,092,963 shares of the company's stock valued at $14,329,000 after purchasing an additional 3,276 shares during the last quarter. 97.26% of the stock is currently owned by institutional investors and hedge funds.

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. Its platform includes PagerDuty Incident Management that provides a real-time view across the status of a digital service while incorporating noise reduction to remove false positives; AIOps that applies machine learning to correlate and automate the identification of incidents from billions of events; Process Automation offers centralized design time and run time environment for orchestrating automated workflows that span across departments, technologies, and networks; Customer Service Operations, which is offered to orchestrate, automate, and scale responses to customer impacting issues.

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