Pagerduty Inc (PD) Given Average Rating of “Buy” by Brokerages

Shares of Pagerduty Inc (NYSE:PD) have been given an average recommendation of “Buy” by the eight analysts that are covering the firm, MarketBeat Ratings reports. Four research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 1 year price target among brokerages that have issued a report on the stock in the last year is $42.50.

A number of research analysts recently commented on the company. JPMorgan Chase & Co. upped their price objective on Pagerduty from $55.00 to $60.00 and gave the company an “overweight” rating in a report on Friday. Piper Jaffray Companies reiterated an “overweight” rating and issued a $60.00 price objective (up from $52.00) on shares of Pagerduty in a report on Friday. KeyCorp assumed coverage on Pagerduty in a report on Monday, May 6th. They issued a “sector weight” rating on the stock. Royal Bank of Canada assumed coverage on Pagerduty in a report on Monday, May 6th. They issued a “sector perform” rating and a $47.00 price objective on the stock. Finally, William Blair initiated coverage on Pagerduty in a report on Monday, May 6th. They issued an “outperform” rating and a $36.00 price objective on the stock.

In other Pagerduty news, insider Dan Alexandru Solomon sold 342,000 shares of the company’s stock in a transaction on Monday, April 15th. The stock was sold at an average price of $22.32, for a total transaction of $7,633,440.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Shares of PD stock remained flat at $$48.90 during trading hours on Friday. The stock had a trading volume of 1,494,602 shares, compared to its average volume of 541,840. Pagerduty has a 1-year low of $36.00 and a 1-year high of $58.96.

Pagerduty (NYSE:PD) last released its quarterly earnings data on Thursday, June 6th. The company reported ($0.22) EPS for the quarter, beating analysts’ consensus estimates of ($0.24) by $0.02. The business had revenue of $25.00 million during the quarter, compared to analyst estimates of $34.92 million. During the same quarter in the prior year, the company posted $37.30 earnings per share. As a group, sell-side analysts predict that Pagerduty will post -0.38 EPS for the current fiscal year.

About Pagerduty

PagerDuty, Inc operates an On-Call Management platform. The company's platform collects signals from software-enabled system or device, correlates and interprets signals to identify events, and engages team members to take action in real time. It serves developer, IT, security, and customer support segments.

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Analyst Recommendations for Pagerduty (NYSE:PD)

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