PagerDuty (NYSE:PD) Trading 9.4% Higher - Time to Buy?

Key Points

• Shares jumped 9.4% intraday to $7.27 on Friday, though trading was light at about 943,600 shares (roughly 69% below average session volume).
• Analysts are mixed: the consensus is a Hold (3 Buys, 7 Holds, 3 Sells) with a $12.40 average price target, while several firms recently cut targets to $9 even as one upgraded the stock to Buy.
• PagerDuty posted an EPS beat ($0.29 vs. $0.24 expected) and $124.8M in revenue, and trades at a ~$626M market cap with a low trailing PE of about 4.0 and FY2027 EPS guidance of $1.23–1.28.

PagerDuty (NYSE:PD - Get Free Report)'s share price traded up 9.4% during mid-day trading on Friday . The stock traded as high as $7.16 and last traded at $7.2740. 943,598 shares traded hands during mid-day trading, a decline of 69% from the average session volume of 3,073,150 shares. The stock had previously closed at $6.65.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the stock. Canaccord Genuity Group lowered their price objective on shares of PagerDuty from $19.00 to $9.00 and set a "buy" rating for the company in a research report on Friday, March 13th. Wall Street Zen raised shares of PagerDuty from a "hold" rating to a "buy" rating in a research report on Tuesday, April 7th. Morgan Stanley set a $9.00 price target on shares of PagerDuty in a research report on Thursday, February 19th. Truist Financial lowered their price target on shares of PagerDuty from $12.00 to $9.00 and set a "buy" rating for the company in a research report on Friday, March 13th. Finally, William Blair reaffirmed a "market perform" rating on shares of PagerDuty in a research report on Friday, March 13th. Three analysts have rated the stock with a Buy rating, seven have given a Hold rating and three have assigned a Sell rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $12.40.

PagerDuty Price Performance

The firm's 50-day moving average price is $6.71 and its two-hundred day moving average price is $10.61. The stock has a market cap of $626.47 million, a PE ratio of 4.01, a PEG ratio of 2.95 and a beta of 0.78. 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 announced its quarterly earnings results on Thursday, March 12th. The company reported $0.29 earnings per share for the quarter, topping the consensus estimate of $0.24 by $0.05. PagerDuty had a net margin of 35.30% and a return on equity of 16.29%. The firm had revenue of $124.79 million during the quarter, compared to analysts' expectations of $122.96 million. During the same quarter in the prior year, the company earned $0.22 EPS. The company's revenue was up 2.7% compared to the same quarter last year. 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, equities analysts expect that PagerDuty will post 0.34 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of PD. Arizona State Retirement System lifted its stake in shares of PagerDuty by 2.6% in the third quarter. Arizona State Retirement System now owns 25,911 shares of the company's stock worth $428,000 after buying an additional 658 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in PagerDuty by 1.3% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 51,601 shares of the company's stock worth $943,000 after purchasing an additional 671 shares during the last quarter. California State Teachers Retirement System increased its position in PagerDuty by 1.4% during the second quarter. California State Teachers Retirement System now owns 81,474 shares of the company's stock worth $1,245,000 after purchasing an additional 1,129 shares during the last quarter. EverSource Wealth Advisors LLC increased its position in PagerDuty by 252.0% during the third quarter. EverSource Wealth Advisors LLC now owns 1,605 shares of the company's stock worth $27,000 after purchasing an additional 1,149 shares during the last quarter. Finally, ProShare Advisors LLC increased its position in PagerDuty by 11.8% during the fourth quarter. ProShare Advisors LLC now owns 16,324 shares of the company's stock worth $214,000 after purchasing an additional 1,720 shares during the last quarter. Institutional investors and hedge funds own 97.26% of the company's stock.

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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