PagerDuty (NYSE:PD) Stock Rating Lowered by Wall Street Zen

Key Points

• PagerDuty has been downgraded by Wall Street Zen from a "strong-buy" to a "buy" rating, reflecting a change in market sentiment towards the stock.
• Despite the downgrade, PagerDuty maintains a consensus rating of "Hold" from analysts, with six ratings indicating a "Buy" and six a "Hold," along with a target price averaging at $19.75.
• In its latest earnings report, PagerDuty surpassed expectations with a reported $0.24 EPS, a slight increase from the previous year, alongside a revenue of $119.81 million, above forecasts.

Wall Street Zen cut shares of PagerDuty (NYSE:PD - Free Report) from a strong-buy rating to a buy rating in a report published on Saturday.

Several other research firms have also recently issued reports on PD. Cowen raised shares of PagerDuty from a "hold" rating to a "buy" rating in a report on Monday, July 28th. Royal Bank Of Canada cut 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. JPMorgan Chase & Co. reduced their price target 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. Canaccord Genuity Group cut their price objective on PagerDuty from $23.00 to $21.00 and set a "buy" rating on the stock in a research note on Monday, June 2nd. Finally, Truist Financial reduced their target price on PagerDuty from $26.00 to $23.00 and set a "buy" rating on the stock in a report on Friday, May 30th. Six analysts have rated the stock with a Buy rating, six have assigned a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $19.75.

PagerDuty Stock Down 0.7%

NYSE:PD traded down $0.12 on Friday, reaching $16.21. The stock had a trading volume of 2,205,335 shares, compared to its average volume of 1,459,018. The company has a 50-day moving average of $15.41 and a 200 day moving average of $16.23. The company has a current ratio of 2.02, a quick ratio of 2.02 and a debt-to-equity ratio of 2.70. The stock has a market cap of $1.48 billion, a P/E ratio of -40.52, a price-to-earnings-growth ratio of 10.03 and a beta of 0.89. PagerDuty has a 12-month low of $13.69 and a 12-month high of $21.98.

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

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in PD. ARK Investment Management LLC boosted its holdings 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 valued at $167,551,000 after acquiring an additional 174,501 shares during the period. RGM Capital LLC increased its holdings in shares of PagerDuty by 12.6% in the 1st 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 period. Janus Henderson Group PLC lifted its position in PagerDuty by 2.1% in the 4th quarter. Janus Henderson Group PLC now owns 3,056,795 shares of the company's stock valued at $55,817,000 after purchasing an additional 61,456 shares during the last quarter. Bank of New York Mellon Corp lifted its position in PagerDuty by 11.6% in the 1st quarter. Bank of New York Mellon Corp now owns 1,010,175 shares of the company's stock valued at $18,456,000 after purchasing an additional 104,838 shares during the last quarter. Finally, Millennium Management LLC boosted its stake in PagerDuty by 55.4% during the 1st quarter. Millennium Management LLC now owns 1,005,111 shares of the company's stock valued at $18,363,000 after purchasing an additional 358,347 shares during the period. 97.26% of the stock is currently owned by institutional investors.

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.