PagerDuty (NYSE:PD) Price Target Raised to $10.00

PagerDuty (NYSE:PD) had its price objective lifted by analysts at Canaccord Genuity Group from $9.00 to $10.00 in a note issued to investors on Friday,Benzinga reports. The brokerage currently has a “buy” rating on the stock. Canaccord Genuity Group’s target price would indicate a potential upside of 1.40% from the company’s current price.

PD has been the topic of several other research reports. TD Cowen decreased their price objective on PagerDuty from $20.00 to $10.00 and set a “buy” rating on the stock in a report on Friday, March 13th. Royal Bank Of Canada raised their price objective on PagerDuty from $8.00 to $9.00 and gave the stock a “sector perform” rating in a report on Friday. Truist Financial decreased their price objective on PagerDuty from $12.00 to $9.00 and set a “buy” rating on the stock in a report on Friday, March 13th. Wall Street Zen cut PagerDuty from a “buy” rating to a “hold” rating in a report on Monday. Finally, Weiss Ratings restated a “sell (d)” rating on shares of PagerDuty in a report on Friday, May 22nd. Three equities research analysts have rated the stock with a Buy rating, six have given a Hold rating and three have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $12.00.

PagerDuty Price Performance

NYSE:PD traded up $2.42 during trading hours on Friday, reaching $9.86. 5,773,728 shares of the company traded hands, compared to its average volume of 2,880,618. The firm’s 50-day moving average is $6.66 and its 200-day moving average is $9.43. The stock has a market cap of $838.17 million, a P/E ratio of 5.33, a P/E/G ratio of 3.19 and a beta of 0.78. The company has a debt-to-equity ratio of 1.56, a current ratio of 2.01 and a quick ratio of 2.01. PagerDuty has a 1-year low of $5.70 and a 1-year high of $18.00.

PagerDuty (NYSE:PD) last announced its earnings results on Thursday, May 28th. The company reported $0.32 EPS for the quarter, beating analysts’ consensus estimates of $0.24 by $0.08. The firm had revenue of $120.97 million for the quarter, compared to analysts’ expectations of $119.52 million. PagerDuty had a return on equity of 16.29% and a net margin of 35.30%.PagerDuty’s quarterly revenue was up 1.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.24 EPS. PagerDuty has set its Q2 2027 guidance at 0.290-0.310 EPS. Equities research analysts expect that PagerDuty will post 0.34 earnings per share for the current fiscal year.

PagerDuty declared that its Board of Directors has authorized a stock repurchase program on Thursday, May 28th that permits the company to repurchase $100.00 million in outstanding shares. This repurchase authorization permits the company to purchase up to 16.4% of its shares through open market purchases. Shares repurchase programs are often a sign that the company’s management believes its stock is undervalued.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the company. IQ EQ FUND MANAGEMENT IRELAND Ltd boosted its position in shares of PagerDuty by 78.3% in the third quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd now owns 323,951 shares of the company’s stock worth $5,352,000 after buying an additional 142,232 shares during the period. ARK Investment Management LLC boosted its holdings in PagerDuty by 2.6% in the 3rd quarter. ARK Investment Management LLC now owns 8,827,404 shares of the company’s stock worth $145,829,000 after acquiring an additional 224,769 shares during the period. Vanguard Group Inc. boosted its holdings in PagerDuty by 17.1% in the 3rd quarter. Vanguard Group Inc. now owns 12,593,954 shares of the company’s stock worth $208,052,000 after acquiring an additional 1,840,407 shares during the period. Readystate Asset Management LP purchased a new position in PagerDuty in the 3rd quarter worth approximately $15,946,000. Finally, ArrowMark Colorado Holdings LLC boosted its holdings in PagerDuty by 18.2% in the 3rd quarter. ArrowMark Colorado Holdings LLC now owns 659,565 shares of the company’s stock worth $10,896,000 after acquiring an additional 101,677 shares during the period. 97.26% of the stock is owned by hedge funds and other institutional investors.

PagerDuty News Roundup

Here are the key news stories impacting PagerDuty this week:

• Positive Sentiment: PagerDuty beat Q1 expectations, reporting $0.32 in EPS on $120.97 million in revenue, both above estimates, which suggests the company is still generating better-than-expected profitability despite sluggish growth. Article: PagerDuty (PD) Tops Q1 Earnings and Revenue Estimates
• Positive Sentiment: The company authorized a new $100 million buyback, a sign management believes the shares are undervalued and a move that could reduce share count and boost per-share metrics. Article: PagerDuty Board Authorizes Share Buyback Program
• Positive Sentiment: PagerDuty also raised second-quarter guidance above Wall Street expectations, with EPS and revenue outlook both slightly ahead of consensus, reinforcing confidence in near-term execution. Article: PagerDuty Announces First Quarter Fiscal 2027 Financial Results
• Neutral Sentiment: Longer-term operating trends remain mixed, with revenue growth below 1%, flat ARR, declining large-customer counts, and DBNRR slipping below 100%, indicating the business is still struggling to reaccelerate growth. Article: PagerDuty Q1 Earnings: Still Struggling
• Negative Sentiment: Some commentary around the results highlighted weaker operating profit and net income trends, which may temper enthusiasm if investors focus more on the durability of growth than on the earnings beat. Article: PagerDuty (PD) Stock Falls on Q1 2027 Earnings

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. 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.