Pagerduty’s (PD) “Buy” Rating Reiterated at Canaccord Genuity

Canaccord Genuity reiterated their buy rating on shares of Pagerduty (NYSE:PD) in a report issued on Tuesday morning, reports.

A number of other research firms have also recently issued reports on PD. Raymond James reaffirmed a buy rating on shares of Cineplex in a research report on Tuesday, March 19th. Piper Jaffray Companies set a $10.00 price objective on Mammoth Energy Services and gave the company a buy rating in a research report on Friday, June 7th. Zacks Investment Research raised DLH from a sell rating to a hold rating in a research report on Tuesday. KeyCorp raised their price objective on PGT Innovations from $20.00 to $22.00 and gave the company an overweight rating in a research report on Monday, May 6th. Finally, William Blair reaffirmed an outperform rating on shares of Aileron Therapeutics in a research report on Monday, May 6th. One analyst has rated the stock with a sell rating, four have issued a hold rating and five have issued a buy rating to the stock. The company currently has a consensus rating of Hold and an average target price of $42.50.

PD opened at $49.40 on Tuesday. Pagerduty has a 12-month low of $36.00 and a 12-month high of $59.82. The company has a 50 day simple moving average of $50.89.

Pagerduty (NYSE:PD) last released its quarterly earnings data on Thursday, June 6th. The company reported ($0.22) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate 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 period in the previous year, the business earned $37.30 earnings per share. Sell-side analysts anticipate that Pagerduty will post -0.37 EPS for the current year.

In related news, insider Dan Alexandru Solomon sold 342,000 shares of Pagerduty stock in a transaction that occurred 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 Securities & Exchange Commission, which can be accessed through this hyperlink.

Pagerduty Company Profile

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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