PagerDuty (NYSE:PD – Get Free Report) has received an average rating of “Hold” from the eleven ratings firms that are currently covering the stock, Marketbeat Ratings reports. Three analysts have rated the stock with a sell recommendation, five have given a hold recommendation and three have given a buy recommendation to the company. The average 12 month price target among brokers that have issued a report on the stock in the last year is $11.50.
PD has been the subject of several recent research reports. Royal Bank Of Canada raised their price target on shares of PagerDuty from $8.00 to $9.00 and gave the company a “sector perform” rating in a research report on Friday, May 29th. Weiss Ratings upgraded PagerDuty from a “sell (d)” rating to a “sell (d+)” rating in a research note on Monday, July 13th. Truist Financial boosted their target price on PagerDuty from $9.00 to $11.00 and gave the stock a “buy” rating in a research note on Thursday, July 9th. Canaccord Genuity Group upped their price target on PagerDuty from $9.00 to $10.00 and gave the stock a “buy” rating in a report on Friday, May 29th. Finally, Morgan Stanley lowered PagerDuty from an “equal weight” rating to an “underweight” rating and reduced their price target for the company from $10.00 to $9.00 in a research report on Tuesday, July 21st.
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PagerDuty Price Performance
PagerDuty (NYSE:PD – Get Free Report) last issued its quarterly earnings results on Thursday, May 28th. The company reported $0.32 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.24 by $0.08. The company had revenue of $120.97 million for the quarter, compared to analyst estimates of $119.52 million. PagerDuty had a net margin of 38.60% and a return on equity of 18.20%. The business’s revenue for the quarter was up 1.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.24 earnings per share. PagerDuty has set its Q2 2027 guidance at 0.290-0.310 EPS. As a group, sell-side analysts expect that PagerDuty will post 0.58 earnings per share for the current year.
PagerDuty declared that its board has approved a stock repurchase program on Thursday, May 28th that permits the company to buyback $100.00 million in shares. This buyback authorization permits the company to reacquire up to 16.4% of its stock through open market purchases. Stock buyback programs are often a sign that the company’s leadership believes its stock is undervalued.
Institutional Investors Weigh In On PagerDuty
Several institutional investors have recently modified their holdings of PD. Vanguard Group Inc. lifted its stake in PagerDuty by 3.8% during the fourth quarter. Vanguard Group Inc. now owns 13,066,929 shares of the company’s stock worth $171,307,000 after purchasing an additional 472,975 shares during the last quarter. Hsbc Holdings PLC purchased a new position in PagerDuty in the first quarter valued at approximately $789,000. KBC Group NV increased its stake in PagerDuty by 5,537.9% in the first quarter. KBC Group NV now owns 248,181 shares of the company’s stock valued at $1,541,000 after purchasing an additional 243,779 shares during the last quarter. Y Intercept Hong Kong Ltd lifted its position in shares of PagerDuty by 801.4% during the 1st quarter. Y Intercept Hong Kong Ltd now owns 206,701 shares of the company’s stock worth $1,284,000 after buying an additional 183,770 shares during the last quarter. Finally, Principal Financial Group Inc. boosted its holdings in shares of PagerDuty by 89.7% in the 1st quarter. Principal Financial Group Inc. now owns 394,297 shares of the company’s stock valued at $2,449,000 after buying an additional 186,440 shares in the last quarter. 97.26% of the stock is owned by hedge funds and other 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. 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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