PagerDuty (NYSE:PD – Free Report) had its price target upped by Canaccord Genuity Group from $10.00 to $15.00 in a report released on Friday, MarketBeat.com reports. They currently have a buy rating on the stock.
A number of other brokerages have also weighed in on PD. Morgan Stanley raised their price objective on PagerDuty from $9.00 to $10.00 and gave the company an “underweight” rating in a report on Friday. Royal Bank Of Canada upped their target price on shares of PagerDuty from $9.00 to $12.00 and gave the stock a “sector perform” rating in a report on Friday, August 14th. Truist Financial increased their target price on shares of PagerDuty from $11.00 to $13.00 and gave the company a “buy” rating in a research report on Thursday, August 20th. UBS Group set a $13.50 price target on shares of PagerDuty in a research note on Wednesday. Finally, Wall Street Zen lowered shares of PagerDuty from a “buy” rating to a “hold” rating in a research report on Saturday, July 25th. Three equities research analysts have rated the stock with a Buy rating, six have given a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $12.94.
Get Our Latest Analysis on PagerDuty
PagerDuty Price Performance
PagerDuty (NYSE:PD – Get Free Report) last issued its quarterly earnings results on Thursday, August 27th. The company reported $0.32 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.31 by $0.01. PagerDuty had a return on equity of 18.52% and a net margin of 37.50%.The firm had revenue of $124.44 million for the quarter, compared to analyst estimates of $123.27 million. During the same period in the previous year, the company posted $0.30 earnings per share. The business’s revenue was up .8% on a year-over-year basis. PagerDuty has set its FY 2027 guidance at 1.330-1.370 EPS and its Q3 2027 guidance at 0.340-0.360 EPS. As a group, analysts predict that PagerDuty will post 0.58 EPS for the current fiscal year.
PagerDuty declared that its board has approved a share repurchase plan on Thursday, May 28th that allows the company to repurchase $100.00 million in outstanding shares. This repurchase authorization allows the company to repurchase up to 16.4% of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s board believes its stock is undervalued.
Institutional Investors Weigh In On PagerDuty
Several hedge funds and other institutional investors have recently added to or reduced their stakes in PD. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in shares of 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 in the last quarter. California State Teachers Retirement System lifted its holdings in shares of PagerDuty by 1.4% in the 2nd quarter. California State Teachers Retirement System now owns 81,474 shares of the company’s stock valued at $1,245,000 after purchasing an additional 1,129 shares during the last quarter. ProShare Advisors LLC boosted its position in shares of PagerDuty by 11.8% in the 4th quarter. ProShare Advisors LLC now owns 16,324 shares of the company’s stock valued at $214,000 after purchasing an additional 1,720 shares during the period. Loomis Sayles & Co. L P boosted its position in shares of PagerDuty by 0.3% in the 4th quarter. Loomis Sayles & Co. L P now owns 1,092,963 shares of the company’s stock valued at $14,329,000 after purchasing an additional 3,276 shares during the period. Finally, Alliancebernstein L.P. boosted its position in shares of PagerDuty by 4.1% in the 3rd quarter. Alliancebernstein L.P. now owns 95,302 shares of the company’s stock valued at $1,574,000 after purchasing an additional 3,784 shares during the period. Institutional investors and hedge funds own 97.26% of the company’s stock.
Trending Headlines about PagerDuty
Here are the key news stories impacting PagerDuty this week:
- Positive Sentiment: Q2 results exceeded expectations. PagerDuty reported adjusted earnings of $0.32 per share versus the $0.31 consensus estimate and revenue of $124.44 million, ahead of expectations for $123.27 million. Revenue increased 0.8% year over year. PagerDuty Q2 Earnings Results
- Positive Sentiment: Management raised its earnings outlook. Fiscal 2027 EPS guidance of $1.33 to $1.37 is well above the $1.17 analyst consensus, while third-quarter EPS guidance of $0.34 to $0.36 also exceeds expectations. Full-year revenue guidance of $491.5 million to $496.5 million is broadly in line with estimates. PagerDuty Guidance Update
- Positive Sentiment: Cost reductions are supporting margins. PagerDuty plans to cut approximately 15% of its workforce and forecast third-quarter operating margins of 26.5% to 27.5%. Investors appear to be viewing the restructuring as a way to accelerate profitable growth. The company also highlighted more than $500 million in annual recurring revenue and $33 million in quarterly free cash flow. PagerDuty Margin Forecast and Restructuring
- Positive Sentiment: Canaccord Genuity upgraded its valuation view. The firm raised its price target from $10 to $15 and maintained a Buy rating, providing additional support for the stock’s advance. Canaccord Raises PagerDuty Price Target
- Neutral Sentiment: Analyst opinion remains mixed. Monness analyst Brian White reiterated a Hold rating, citing sluggish demand and mixed fundamentals. This suggests investors may question whether the improved profitability can be sustained if growth remains limited. PagerDuty Hold Rating
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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