PagerDuty (NYSE:PD) Receives $19.50 Average Price Target from Analysts

Shares of PagerDuty (NYSE:PD) have been given a consensus recommendation of “Hold” by the thirteen research firms that are covering the company, Marketbeat Ratings reports. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and six have given a buy rating to the company. The average 12 month price objective among brokerages that have covered the stock in the last year is $19.75.

A number of equities research analysts recently issued reports on the stock. TD Securities lowered their target price on shares of PagerDuty from $19.00 to $18.00 and set a “hold” rating for the company in a report on Wednesday, May 21st. Royal Bank Of Canada lowered their target price on shares of PagerDuty from $22.00 to $20.00 and set an “outperform” rating for the company in a report on Friday, May 30th. Morgan Stanley lowered their target price on shares of PagerDuty from $20.00 to $17.00 and set an “equal weight” rating for the company in a report on Wednesday, April 16th. Canaccord Genuity Group lowered their target price on shares of PagerDuty from $23.00 to $21.00 and set a “buy” rating for the company in a report on Monday, June 2nd. Finally, Truist Financial lowered their target price on shares of PagerDuty from $26.00 to $23.00 and set a “buy” rating for the company in a report on Friday, May 30th.

PagerDuty Stock Performance

NYSE:PD opened at $16.38 on Monday. The firm has a 50 day simple moving average of $15.26 and a 200-day simple moving average of $16.62. The company has a debt-to-equity ratio of 2.70, a current ratio of 2.02 and a quick ratio of 2.02. The firm has a market cap of $1.49 billion, a PE ratio of -40.95, a P/E/G ratio of 9.84 and a beta of 0.89. PagerDuty has a 1-year low of $13.69 and a 1-year high of $21.98.

PagerDuty (NYSE:PD) last posted its quarterly earnings data on Thursday, May 29th. The company reported $0.24 earnings per share for the quarter, beating analysts’ consensus estimates of $0.19 by $0.05. The business had revenue of $119.81 million during the quarter, compared to analyst estimates of $118.98 million. PagerDuty had a negative net margin of 7.75% and a negative return on equity of 8.73%. The company’s revenue was up 7.8% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.17 earnings per share. On average, equities analysts expect that PagerDuty will post -0.27 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the company. ARK Investment Management LLC boosted its stake in shares of PagerDuty by 1.9% in the first quarter. ARK Investment Management LLC now owns 9,170,848 shares of the company’s stock valued at $167,551,000 after purchasing an additional 174,501 shares during the period. RGM Capital LLC raised its holdings in PagerDuty by 12.6% in the first quarter. RGM Capital LLC now owns 5,649,592 shares of the company’s stock valued at $103,218,000 after acquiring an additional 634,131 shares in the last quarter. Janus Henderson Group PLC raised its holdings in PagerDuty by 2.1% in the fourth quarter. Janus Henderson Group PLC now owns 3,056,795 shares of the company’s stock valued at $55,817,000 after acquiring an additional 61,456 shares in the last quarter. Bank of New York Mellon Corp raised its holdings in PagerDuty by 11.6% in the first quarter. Bank of New York Mellon Corp now owns 1,010,175 shares of the company’s stock valued at $18,456,000 after acquiring an additional 104,838 shares in the last quarter. Finally, Millennium Management LLC raised its holdings in PagerDuty by 55.4% in the first quarter. Millennium Management LLC now owns 1,005,111 shares of the company’s stock valued at $18,363,000 after acquiring an additional 358,347 shares in the last quarter. 97.26% of the stock is currently owned by hedge funds and other 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.