PagerDuty (NYSE:PD) Receives Average Recommendation of "Hold" from Analysts

Key Points

• PagerDuty has received an average recommendation of "Hold" from analysts, with two ratings for sell, six for hold, and four for buy.
• The average target price among analysts for PagerDuty is currently $19.50, which shows a decrease from previous estimates set by various investment firms.
• In the first quarter, institutional ownership of PagerDuty reached 97.26%, indicating significant confidence from hedge funds and institutional investors in the company's future.

Shares of PagerDuty (NYSE:PD - Get Free Report) have received an average recommendation of "Hold" from the twelve research firms that are covering the company, Marketbeat Ratings reports. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and four have assigned a buy rating to the company. The average 1-year price objective among analysts that have covered the stock in the last year is $19.50.

A number of research firms have commented on PD. Royal Bank Of Canada decreased their target price 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. Truist Financial decreased their target price 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. Canaccord Genuity Group cut their price objective on shares of PagerDuty from $23.00 to $21.00 and set a "buy" rating for the company in a report on Monday, June 2nd. TD Securities cut their price objective on shares of PagerDuty from $19.00 to $18.00 and set a "hold" rating for the company in a report on Wednesday, May 21st. Finally, Morgan Stanley cut their price objective on shares of PagerDuty from $20.00 to $17.00 and set an "equal weight" rating for the company in a report on Wednesday, April 16th.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Headlands Technologies LLC grew 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 purchasing an additional 1,319 shares in the last quarter. Summit Securities Group LLC purchased a new position in shares of PagerDuty in the first quarter valued at $33,000. KBC Group NV purchased a new position in shares of PagerDuty in the first quarter valued at $33,000. Point72 Asia Singapore Pte. Ltd. purchased a new position in shares of PagerDuty in the fourth quarter valued at $130,000. Finally, Teacher Retirement System of Texas purchased a new position in shares of PagerDuty in the first quarter valued at $229,000. 97.26% of the stock is owned by hedge funds and other institutional investors.

PagerDuty Price Performance

NYSE PD opened at $15.76 on Monday. PagerDuty has a 12 month low of $13.69 and a 12 month high of $22.02. The stock has a market cap of $1.44 billion, a price-to-earnings ratio of -39.39, a PEG ratio of 9.43 and a beta of 0.89. The company's 50 day moving average is $15.23 and its two-hundred day moving average is $16.63. The company has a current ratio of 2.02, a quick ratio of 2.02 and a debt-to-equity ratio of 2.70.

PagerDuty (NYSE:PD - Get Free Report) last released its earnings results on Thursday, May 29th. The company reported $0.24 EPS 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 company had revenue of $119.81 million for the quarter, compared to analysts' expectations of $118.98 million. During the same quarter last year, the business earned $0.17 EPS. The firm's revenue was up 7.8% compared to the same quarter last year. As a group, research analysts anticipate that PagerDuty will post -0.27 earnings per share for the current 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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