PagerDuty (NYSE:PD - Get Free Report) updated its second quarter 2026 earnings guidance on Thursday. The company provided earnings per share (EPS) guidance of 0.190-0.200 for the period, compared to the consensus estimate of 0.230. The company issued revenue guidance of $122.5 million-$124.5 million, compared to the consensus revenue estimate of $123.8 million. PagerDuty also updated its FY 2026 guidance to 0.950-1.00 EPS.
Analysts Set New Price Targets
A number of equities analysts have weighed in on PD shares. JPMorgan Chase & Co. decreased their price target on PagerDuty from $21.00 to $18.00 and set an "underweight" rating for the company in a report on Friday. Morgan Stanley reduced their target price on shares of PagerDuty from $20.00 to $17.00 and set an "equal weight" rating on the stock in a research report on Wednesday, April 16th. The Goldman Sachs Group lowered their price target on shares of PagerDuty from $21.00 to $18.00 and set a "neutral" rating for the company in a report on Friday, March 14th. Canaccord Genuity Group dropped their price target on shares of PagerDuty from $24.00 to $23.00 and set a "buy" rating on the stock in a research note on Friday, March 14th. Finally, Truist Financial decreased their price objective on shares of PagerDuty from $26.00 to $23.00 and set a "buy" rating for the company in a research report on Friday. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, PagerDuty has a consensus rating of "Hold" and a consensus price target of $19.67.
Read Our Latest Stock Analysis on PD
PagerDuty Stock Down 10.9%
Shares of NYSE PD traded down $1.75 during mid-day trading on Friday, reaching $14.35. The company had a trading volume of 4,343,663 shares, compared to its average volume of 1,083,463. The stock has a fifty day moving average of $16.04 and a two-hundred day moving average of $17.86. The company has a market capitalization of $1.31 billion, a price-to-earnings ratio of -17.94 and a beta of 0.99. PagerDuty has a 12-month low of $13.94 and a 12-month high of $23.12. The company has a debt-to-equity ratio of 3.52, a quick ratio of 1.97 and a current ratio of 1.97.
PagerDuty (NYSE:PD - Get Free Report) last announced its quarterly earnings results on Thursday, May 29th. The company reported $0.24 EPS for the quarter, beating the consensus estimate of $0.19 by $0.05. The business had revenue of $119.81 million during the quarter, compared to analysts' expectations of $118.98 million. PagerDuty had a negative return on equity of 22.02% and a negative net margin of 16.29%. The firm's quarterly revenue was up 7.8% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.17 EPS. As a group, equities research analysts expect that PagerDuty will post -0.27 EPS for the current year.
PagerDuty declared that its board has approved a stock buyback program on Thursday, March 13th that allows the company to buyback $150.00 million in outstanding shares. This buyback authorization allows the company to repurchase up to 10.7% of its shares through open market purchases. Shares buyback programs are typically a sign that the company's board of directors believes its stock is undervalued.
Institutional Inflows and Outflows
Hedge funds have recently made changes to their positions in the stock. Woodline Partners LP acquired a new stake in PagerDuty in the 1st quarter worth approximately $556,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in shares of PagerDuty by 1.3% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 51,601 shares of the company's stock valued at $943,000 after purchasing an additional 671 shares during the period. Royal Bank of Canada lifted its stake in shares of PagerDuty by 60.8% in the first quarter. Royal Bank of Canada now owns 96,575 shares of the company's stock worth $1,764,000 after buying an additional 36,517 shares during the last quarter. AQR Capital Management LLC boosted its holdings in shares of PagerDuty by 110.6% during the 1st quarter. AQR Capital Management LLC now owns 147,127 shares of the company's stock worth $2,679,000 after buying an additional 77,251 shares during the period. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in PagerDuty by 19.8% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 279,941 shares of the company's stock valued at $5,115,000 after buying an additional 46,262 shares during the last quarter. Institutional investors and hedge funds own 97.26% of the company's stock.
About PagerDuty
(
Get Free Report)
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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