Zacks Investment Research Lowers Pagerduty (NYSE:PD) to Sell

Zacks Investment Research lowered shares of Pagerduty (NYSE:PD) from a hold rating to a sell rating in a research report released on Tuesday, Zacks.com reports.

According to Zacks, “Pagerduty Inc. provides digital operations management solutions. The Company offers software as a service based platform PagerDuty, which helps developers, DevOps, information technology operations and business to prevent and resolve business impacting incidents. Pagerduty Inc. is based in San Francisco, United States. “

Several other research analysts also recently commented on the company. Raymond James reaffirmed a buy rating on shares of Cineplex in a report on Tuesday, March 19th. JPMorgan Chase & Co. lifted their target price on Diageo from GBX 3,100 ($40.51) to GBX 3,200 ($41.81) and gave the stock a neutral rating in a report on Friday, June 7th. Morgan Stanley lifted their target price on Sonic Automotive from $10.00 to $18.00 and gave the stock an underweight rating in a report on Monday, May 6th. Royal Bank of Canada lowered their price objective on Toromont Industries from C$66.00 to C$65.00 and set a sector perform rating for the company in a research report on Monday, May 6th. Finally, Piper Jaffray Companies set a $10.00 price objective on Mammoth Energy Services and gave the stock a buy rating in a research report on Friday, June 7th. One analyst has rated the stock with a sell rating, four have given a hold rating and five have assigned a buy rating to the stock. Pagerduty currently has a consensus rating of Hold and a consensus price target of $42.50.

NYSE PD opened at $49.40 on Tuesday. Pagerduty has a twelve month low of $36.00 and a twelve month high of $59.82. The firm’s fifty day moving average price is $50.89.

Pagerduty (NYSE:PD) last released its quarterly earnings data on Thursday, June 6th. The company reported ($0.22) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.24) by $0.02. The firm had revenue of $25.00 million for the quarter, compared to analyst estimates of $34.92 million. During the same period last year, the business earned $37.30 EPS. Research analysts forecast that Pagerduty will post -0.37 earnings per share for the current year.

In other news, insider Dan Alexandru Solomon sold 342,000 shares of Pagerduty stock in a transaction dated Monday, April 15th. The stock was sold at an average price of $22.32, for a total value of $7,633,440.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

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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