PagerDuty, Inc. (NYSE:PD – Get Free Report) has been assigned a consensus rating of “Hold” from the eleven analysts that are currently covering the company, MarketBeat reports. Six analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 12 month price objective among analysts that have issued ratings on the stock in the last year is $21.91.
Several brokerages recently issued reports on PD. JPMorgan Chase & Co. reduced their price objective on PagerDuty from $24.00 to $21.00 and set a “neutral” rating for the company in a report on Wednesday. Canaccord Genuity Group cut their price target on PagerDuty from $26.00 to $24.00 and set a “buy” rating for the company in a research note on Wednesday. Craig Hallum lowered their price objective on shares of PagerDuty from $30.00 to $26.00 and set a “buy” rating on the stock in a research note on Wednesday. Morgan Stanley dropped their target price on shares of PagerDuty from $24.00 to $19.00 and set an “equal weight” rating for the company in a report on Wednesday. Finally, Robert W. Baird lowered their price target on shares of PagerDuty from $22.00 to $18.00 and set a “neutral” rating on the stock in a research report on Wednesday.
Check Out Our Latest Report on PD
Insiders Place Their Bets
Hedge Funds Weigh In On PagerDuty
Hedge funds and other institutional investors have recently modified their holdings of the company. Quarry LP raised its holdings in PagerDuty by 1,537.2% in the second quarter. Quarry LP now owns 1,408 shares of the company’s stock valued at $32,000 after buying an additional 1,322 shares during the period. First Horizon Advisors Inc. raised its stake in shares of PagerDuty by 28.0% in the 2nd quarter. First Horizon Advisors Inc. now owns 2,323 shares of the company’s stock valued at $53,000 after acquiring an additional 508 shares during the period. Fred Alger Management LLC lifted its holdings in shares of PagerDuty by 170.6% during the 2nd quarter. Fred Alger Management LLC now owns 2,503 shares of the company’s stock valued at $57,000 after acquiring an additional 1,578 shares in the last quarter. Cambridge Trust Co. purchased a new stake in PagerDuty during the 1st quarter worth $68,000. Finally, Headlands Technologies LLC purchased a new stake in PagerDuty during the 2nd quarter worth $114,000. 97.26% of the stock is owned by institutional investors and hedge funds.
PagerDuty Price Performance
Shares of NYSE PD opened at $18.60 on Friday. The company has a debt-to-equity ratio of 2.58, a quick ratio of 2.59 and a current ratio of 2.59. PagerDuty has a one year low of $16.46 and a one year high of $26.70. The firm has a market capitalization of $1.78 billion, a P/E ratio of -18.42 and a beta of 1.05. The company’s fifty day moving average is $20.26 and its two-hundred day moving average is $21.09.
PagerDuty (NYSE:PD – Get Free Report) last released its quarterly earnings data on Tuesday, September 3rd. The company reported $0.21 EPS for the quarter, topping analysts’ consensus estimates of $0.17 by $0.04. PagerDuty had a negative net margin of 21.34% and a negative return on equity of 28.38%. The firm had revenue of $115.94 million for the quarter, compared to the consensus estimate of $116.52 million. During the same quarter in the previous year, the firm earned ($0.18) earnings per share. The firm’s revenue was up 7.7% on a year-over-year basis. Analysts forecast that PagerDuty will post -0.44 EPS for the current fiscal year.
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.
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