PagerDuty (NYSE:PD) Lowered to Buy Rating by Wall Street Zen

PagerDuty (NYSE:PD) was downgraded by equities researchers at Wall Street Zen from a “strong-buy” rating to a “buy” rating in a research report issued to clients and investors on Saturday.

PD has been the topic of several other reports. Royal Bank Of Canada cut their price target on shares of PagerDuty from $22.00 to $20.00 and set an “outperform” rating on the stock in a research report on Friday, May 30th. Canaccord Genuity Group lowered their price target on shares of PagerDuty from $23.00 to $21.00 and set a “buy” rating on the stock in a report on Monday, June 2nd. Cowen raised shares of PagerDuty from a “hold” rating to a “buy” rating in a report on Monday, July 28th. Zacks Research raised shares of PagerDuty to a “hold” rating in a report on Friday, August 8th. Finally, TD Cowen upgraded shares of PagerDuty from a “hold” rating to a “buy” rating and set a $22.00 price target on the stock in a research report on Monday, July 28th. Six research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $19.75.

PagerDuty Trading Up 5.7%

Shares of NYSE:PD opened at $16.6970 on Friday. The company’s 50-day moving average price is $15.37 and its two-hundred day moving average price is $16.29. The company has a debt-to-equity ratio of 2.70, a current ratio of 2.02 and a quick ratio of 2.02. PagerDuty has a one year low of $13.69 and a one year high of $21.98. The stock has a market capitalization of $1.52 billion, a PE ratio of -41.74, a price-to-earnings-growth ratio of 9.47 and a beta of 0.89.

PagerDuty (NYSE:PD) last issued its quarterly earnings results on Thursday, May 29th. The company reported $0.24 EPS for the quarter, topping the consensus estimate of $0.19 by $0.05. PagerDuty had a negative net margin of 7.75% and a negative return on equity of 8.73%. The firm had revenue of $119.81 million for the quarter, compared to analysts’ expectations of $118.98 million. During the same period in the previous year, the firm posted $0.17 EPS. The company’s revenue for the quarter was up 7.8% on a year-over-year basis. PagerDuty has set its FY 2026 guidance at 0.950-1.00 EPS. Q2 2026 guidance at 0.190-0.200 EPS. On average, equities analysts forecast that PagerDuty will post -0.27 EPS for the current fiscal year.

Hedge Funds Weigh In On PagerDuty

A number of hedge funds have recently bought and sold shares of PD. Nuveen LLC bought a new position in PagerDuty during the first quarter worth $13,018,000. RGM Capital LLC raised its stake in PagerDuty by 12.6% during the first quarter. RGM Capital LLC now owns 5,649,592 shares of the company’s stock worth $103,218,000 after buying an additional 634,131 shares during the last quarter. Acadian Asset Management LLC raised its stake in PagerDuty by 806.4% during the second quarter. Acadian Asset Management LLC now owns 514,724 shares of the company’s stock worth $7,853,000 after buying an additional 457,934 shares during the last quarter. Two Sigma Investments LP raised its stake in PagerDuty by 1,222.8% during the fourth quarter. Two Sigma Investments LP now owns 431,252 shares of the company’s stock worth $7,875,000 after buying an additional 398,650 shares during the last quarter. Finally, Two Sigma Advisers LP bought a new stake in PagerDuty in the fourth quarter valued at $6,734,000. Institutional investors own 97.26% of the company’s stock.

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.