TD Cowen Has Lowered Expectations for PagerDuty (NYSE:PD) Stock Price

PagerDuty (NYSE:PD) had its target price lowered by TD Cowen from $22.00 to $20.00 in a research report issued to clients and investors on Wednesday,Benzinga reports. The brokerage currently has a “buy” rating on the stock. TD Cowen’s target price points to a potential upside of 77.48% from the stock’s previous close.

A number of other research analysts have also recently commented on the company. Wall Street Zen raised PagerDuty from a “buy” rating to a “strong-buy” rating in a research note on Sunday, August 31st. Canaccord Genuity Group reduced their price objective on PagerDuty from $21.00 to $19.00 and set a “buy” rating on the stock in a research report on Thursday, September 4th. Truist Financial dropped their target price on PagerDuty from $23.00 to $20.00 and set a “buy” rating for the company in a research report on Wednesday, November 19th. Robert W. Baird reduced their price target on shares of PagerDuty from $18.00 to $16.00 and set a “neutral” rating on the stock in a research report on Thursday, September 4th. Finally, Weiss Ratings reissued a “sell (e+)” rating on shares of PagerDuty in a research note on Wednesday, October 8th. Five research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat, PagerDuty presently has a consensus rating of “Hold” and a consensus price target of $17.73.

PagerDuty Price Performance

Shares of PD traded down $3.91 during trading hours on Wednesday, reaching $11.27. 11,108,795 shares of the company’s stock traded hands, compared to its average volume of 1,665,462. PagerDuty has a 12 month low of $11.13 and a 12 month high of $21.98. The company has a current ratio of 2.39, a quick ratio of 2.39 and a debt-to-equity ratio of 2.18. The stock has a market cap of $1.05 billion, a PE ratio of -70.41, a price-to-earnings-growth ratio of 10.80 and a beta of 0.83. The firm’s 50 day simple moving average is $15.83 and its 200-day simple moving average is $15.74.

PagerDuty (NYSE:PD) last announced its earnings results on Tuesday, November 25th. The company reported $0.33 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.24 by $0.09. The business had revenue of $124.55 million during the quarter, compared to analyst estimates of $124.92 million. PagerDuty had a negative net margin of 2.87% and a positive return on equity of 2.81%. PagerDuty’s revenue for the quarter was up 4.7% on a year-over-year basis. During the same period in the previous year, the business posted $0.26 earnings per share. PagerDuty has set its FY 2026 guidance at 1.110-1.120 EPS. Q4 2026 guidance at 0.240-0.250 EPS. Equities analysts expect that PagerDuty will post -0.27 EPS for the current year.

Hedge Funds Weigh In On PagerDuty

A number of institutional investors and hedge funds have recently made changes to their positions in PD. Danske Bank A S bought a new stake in PagerDuty during the third quarter valued at about $13,271,000. Alyeska Investment Group L.P. bought a new position in shares of PagerDuty during the third quarter worth $13,710,000. Westerly Capital Management LLC bought a new stake in shares of PagerDuty in the third quarter worth about $330,000. Verition Fund Management LLC grew its holdings in shares of PagerDuty by 681.7% in the third quarter. Verition Fund Management LLC now owns 356,372 shares of the company’s stock valued at $5,887,000 after purchasing an additional 310,783 shares in the last quarter. Finally, Sherbrooke Park Advisers LLC bought a new stake in shares of PagerDuty in the 3rd quarter valued at approximately $246,000. Hedge funds and other institutional investors own 97.26% of the company’s stock.

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.