PagerDuty (NYSE:PD) Receives $12.94 Average PT from Brokerages

Shares of PagerDuty (NYSE:PD) have earned an average rating of “Hold” from the ten brokerages that are currently covering the company, Marketbeat.com reports. Two research analysts have rated the stock with a sell recommendation, five have given a hold recommendation and three have issued a buy recommendation on the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is $12.5625.

PD has been the subject of several recent analyst reports. TD Cowen restated a “buy” rating on shares of PagerDuty in a research note on Wednesday, August 26th. Morgan Stanley increased their price objective on PagerDuty from $9.00 to $10.00 and gave the company an “underweight” rating in a research report on Friday, August 28th. Truist Financial lifted their price objective on PagerDuty from $11.00 to $13.00 and gave the stock a “buy” rating in a report on Thursday, August 20th. Weiss Ratings raised PagerDuty from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Friday, August 21st. Finally, UBS Group set a $13.50 target price on shares of PagerDuty in a research note on Wednesday, August 26th.

PagerDuty Trading Up 2.3%

NYSE:PD opened at $14.08 on Tuesday. The stock has a market cap of $1.11 billion, a price-to-earnings ratio of 7.04, a PEG ratio of 2.13 and a beta of 0.96. The company has a quick ratio of 2.02, a current ratio of 2.02 and a debt-to-equity ratio of 1.71. The company’s 50 day moving average price is $11.11 and its 200-day moving average price is $8.64. PagerDuty has a 52 week low of $5.70 and a 52 week high of $17.29.

PagerDuty (NYSE:PD) last announced its quarterly earnings data on Thursday, August 27th. The company reported $0.32 earnings per share for the quarter, topping analysts’ consensus estimates of $0.31 by $0.01. PagerDuty had a net margin of 37.50% and a return on equity of 18.52%. The company had revenue of $124.44 million during the quarter, compared to analyst estimates of $123.27 million. During the same period in the previous year, the business earned $0.30 EPS. The firm’s revenue for the quarter 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. On average, equities research analysts forecast that PagerDuty will post 0.69 earnings per share for the current fiscal year.

PagerDuty declared that its Board of Directors has authorized a share buyback plan on Thursday, May 28th that authorizes the company to buyback $100.00 million in outstanding shares. This buyback authorization authorizes the company to buy up to 16.4% of its stock through open market purchases. Stock buyback plans are usually an indication that the company’s leadership believes its shares are undervalued.

Hedge Funds Weigh In On PagerDuty

Several hedge funds and other institutional investors have recently modified their holdings of PD. WealthCollab LLC bought a new stake in shares of PagerDuty in the first quarter worth $25,000. PNC Financial Services Group Inc. increased its position in PagerDuty by 1,219.9% during the first quarter. PNC Financial Services Group Inc. now owns 4,976 shares of the company’s stock valued at $31,000 after acquiring an additional 4,599 shares during the last quarter. EverSource Wealth Advisors LLC lifted its holdings in PagerDuty by 419.3% in the first quarter. EverSource Wealth Advisors LLC now owns 5,136 shares of the company’s stock valued at $32,000 after acquiring an additional 4,147 shares during the period. Optiver Holding B.V. lifted its holdings in PagerDuty by 5,699.0% in the first quarter. Optiver Holding B.V. now owns 6,031 shares of the company’s stock valued at $37,000 after acquiring an additional 5,927 shares during the period. Finally, Kestra Advisory Services LLC purchased a new position in PagerDuty in the fourth quarter worth about $68,000. 97.26% of the stock is owned by institutional investors.

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.