Rosenblatt Securities Lowers Pegasystems (NASDAQ:PEGA) Price Target to $47.00

Pegasystems (NASDAQ:PEGA) had its target price dropped by research analysts at Rosenblatt Securities from $58.00 to $47.00 in a report released on Thursday,Benzinga reports. The brokerage currently has a “buy” rating on the technology company’s stock. Rosenblatt Securities’ target price points to a potential upside of 80.84% from the stock’s current price.

A number of other analysts also recently issued reports on PEGA. DA Davidson reissued a “buy” rating and issued a $55.00 price objective on shares of Pegasystems in a report on Wednesday, June 10th. Loop Capital downgraded shares of Pegasystems from a “buy” rating to a “hold” rating and dropped their price target for the company from $55.00 to $25.00 in a research report on Thursday. William Blair cut Pegasystems from an “outperform” rating to a “market perform” rating in a research note on Wednesday. Wedbush reissued an “outperform” rating and set a $60.00 price target on shares of Pegasystems in a research report on Thursday, April 23rd. Finally, Royal Bank Of Canada restated an “outperform” rating on shares of Pegasystems in a research note on Tuesday, June 9th. Six equities research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $54.90.

Pegasystems Price Performance

PEGA stock opened at $25.99 on Thursday. The stock has a market capitalization of $4.34 billion, a price-to-earnings ratio of 14.68 and a beta of 0.87. The business’s fifty day moving average price is $32.42 and its two-hundred day moving average price is $40.00. Pegasystems has a fifty-two week low of $25.10 and a fifty-two week high of $68.10.

Pegasystems (NASDAQ:PEGA) last announced its earnings results on Tuesday, July 21st. The technology company reported $0.35 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.43 by ($0.08). Pegasystems had a net margin of 18.66% and a return on equity of 30.63%. The business had revenue of $420.72 million during the quarter, compared to the consensus estimate of $427.38 million. During the same period in the previous year, the firm posted $0.28 EPS. The company’s revenue was up 9.4% compared to the same quarter last year. Research analysts expect that Pegasystems will post 1.93 EPS for the current year.

Insider Activity at Pegasystems

In other Pegasystems news, CAO Efstathios A. Kouninis sold 750 shares of the company’s stock in a transaction on Monday, June 1st. The stock was sold at an average price of $36.99, for a total transaction of $27,742.50. Following the completion of the sale, the chief accounting officer directly owned 2,144 shares in the company, valued at $79,306.56. This represents a 25.92% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Rifat Kerim Akgonul sold 4,545 shares of Pegasystems stock in a transaction on Tuesday, May 19th. The shares were sold at an average price of $33.35, for a total value of $151,575.75. Following the completion of the transaction, the insider owned 107,070 shares in the company, valued at approximately $3,570,784.50. The trade was a 4.07% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 6,795 shares of company stock worth $229,613 in the last quarter. 48.40% of the stock is currently owned by company insiders.

Institutional Trading of Pegasystems

Large investors have recently bought and sold shares of the business. Norges Bank acquired a new position in Pegasystems during the 4th quarter worth about $31,905,000. Fisher Asset Management LLC grew its position in shares of Pegasystems by 3.0% in the 4th quarter. Fisher Asset Management LLC now owns 1,170,377 shares of the technology company’s stock valued at $69,895,000 after buying an additional 33,643 shares during the last quarter. Allspring Global Investments Holdings LLC increased its stake in shares of Pegasystems by 117.3% in the first quarter. Allspring Global Investments Holdings LLC now owns 814,062 shares of the technology company’s stock valued at $34,427,000 after buying an additional 439,417 shares during the period. Los Angeles Capital Management LLC raised its position in shares of Pegasystems by 259.7% during the fourth quarter. Los Angeles Capital Management LLC now owns 411,262 shares of the technology company’s stock worth $26,144,000 after acquiring an additional 296,916 shares during the last quarter. Finally, Harel Insurance Investments & Financial Services Ltd. raised its position in shares of Pegasystems by 58.6% during the first quarter. Harel Insurance Investments & Financial Services Ltd. now owns 137,302 shares of the technology company’s stock worth $5,844,000 after acquiring an additional 50,716 shares during the last quarter. 46.89% of the stock is owned by institutional investors and hedge funds.

Key Headlines Impacting Pegasystems

Here are the key news stories impacting Pegasystems this week:

• Positive Sentiment: Analysts said near-term weakness may be temporary, with one buy-rated view arguing that PEGA’s cloud momentum and recurring revenue make the post-earnings selloff look like a potential entry point. Article Title
• Positive Sentiment: Pega highlighted its new Pega Infinity 26 launch and said the platform’s AI approach could support its long-term value proposition, with some commentary suggesting the stock may be undervalued after the selloff. Article Title
• Neutral Sentiment: The company also outlined a long-term free cash flow target of more than $700 million by 2028, which supports the bull case but does not offset the immediate earnings disappointment. Article Title
• Negative Sentiment: Pegasystems missed Q2 estimates on both EPS and revenue, with adjusted EPS of $0.35 versus $0.43 expected and revenue of about $420.7 million versus $427.4 million expected. Article Title
• Negative Sentiment: Management said AI-related changes are causing customers to delay purchases, slowing ACV growth and creating concern that demand could stay under pressure through the rest of 2026. Article Title
• Negative Sentiment: The stock was also hit by a downgrade from Citizens JMP, which cut its rating from outperform to market perform following the weak quarter. Article Title

About Pegasystems

Pegasystems Inc is a software company specializing in customer engagement and digital process automation solutions. Headquartered in Cambridge, Massachusetts, Pegasystems develops enterprise applications designed to help organizations streamline operations, manage customer interactions and automate complex workflows. Its platform supports a wide range of use cases, from sales and marketing optimization to case management and robotic process automation.

The core of Pegasystems’ offering is the Pega Platform, a low-code development environment that enables businesses to build and deploy applications with minimal hand-coding.