Pegasystems (PEGA) Getting Somewhat Positive Press Coverage, Report Finds
Media headlines about Pegasystems (NASDAQ:PEGA) have been trending somewhat positive recently, Accern Sentiment reports. The research group identifies negative and positive news coverage by reviewing more than twenty million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Pegasystems earned a coverage optimism score of 0.11 on Accern’s scale. Accern also assigned news articles about the technology company an impact score of 45.0764818680875 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.
Here are some of the news articles that may have impacted Accern Sentiment Analysis’s analysis:
- Business Process Management Market Size, Segments, Growth and Trends by Forecast to 2023 (sbwire.com)
- Insider Selling: Pegasystems Inc. (PEGA) VP Sells 4,000 Shares of Stock (americanbankingnews.com)
- Pega Launches Deployment Manager to Bring Products with DevOps (martechadvisor.com)
- Pegasystems Inc. (PEGA) Short Thesis – ValueWalk (valuewalk.com)
- Insider Selling: Pegasystems Inc. (PEGA) CFO Sells 830 Shares of Stock (americanbankingnews.com)
Pegasystems (NASDAQ PEGA) traded down $0.15 during mid-day trading on Thursday, hitting $49.00. 293,808 shares of the stock were exchanged, compared to its average volume of 331,432. The company has a market capitalization of $3,822.92, a PE ratio of 114.19 and a beta of 1.24. Pegasystems has a 52-week low of $34.05 and a 52-week high of $64.85.
Pegasystems (NASDAQ:PEGA) last posted its earnings results on Wednesday, November 8th. The technology company reported $0.05 EPS for the quarter, topping analysts’ consensus estimates of $0.04 by $0.01. The firm had revenue of $179.80 million during the quarter, compared to analysts’ expectations of $200.15 million. Pegasystems had a net margin of 5.67% and a return on equity of 9.86%. The business’s revenue for the quarter was down 1.7% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.17 earnings per share. analysts predict that Pegasystems will post 0.26 earnings per share for the current fiscal year.
Several equities research analysts recently weighed in on the stock. Mitsubishi UFJ Financial Group set a $57.00 price objective on shares of Pegasystems and gave the stock a “buy” rating in a research report on Thursday, August 10th. TheStreet cut shares of Pegasystems from a “b-” rating to a “c” rating in a report on Wednesday, November 22nd. Finally, Zacks Investment Research cut shares of Pegasystems from a “hold” rating to a “sell” rating in a report on Thursday, October 26th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and four have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $63.00.
In related news, VP Michael R. Pyle sold 4,000 shares of the firm’s stock in a transaction that occurred on Wednesday, December 6th. The shares were sold at an average price of $49.06, for a total value of $196,240.00. Following the completion of the transaction, the vice president now owns 54,343 shares in the company, valued at approximately $2,666,067.58. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CFO Kenneth Stillwell sold 1,228 shares of the firm’s stock in a transaction that occurred on Monday, October 2nd. The shares were sold at an average price of $57.97, for a total transaction of $71,187.16. The disclosure for this sale can be found here. Insiders sold 14,378 shares of company stock valued at $779,584 in the last three months. Company insiders own 53.61% of the company’s stock.
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Pegasystems Company Profile
Pegasystems Inc develops, markets, licenses and supports software applications for marketing, sales and onboarding, and customer service needs. The Company also offers software applications built on the Pega platform. Its software is designed to assist clients in building, deploying and evolving enterprise applications.
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