Pagerduty (NYSE:PD) Now Covered by Analysts at DA Davidson

DA Davidson began coverage on shares of Pagerduty (NYSE:PD) in a research report report published on Friday, BenzingaRatingsTable reports. The firm issued a neutral rating and a $36.00 price target on the stock.

Other equities analysts have also recently issued reports about the company. Royal Bank of Canada raised Pagerduty from a sector perform rating to an outperform rating and set a $49.00 price target for the company in a report on Wednesday, August 14th. William Blair assumed coverage on Pagerduty in a research note on Monday, May 6th. They issued an outperform rating and a $36.00 target price for the company. Canaccord Genuity reiterated a buy rating on shares of Pagerduty in a research note on Tuesday, July 9th. Raymond James reiterated a buy rating and issued a $4.75 target price on shares of Pagerduty in a research note on Friday, July 26th. Finally, Piper Jaffray Companies upped their target price on Pagerduty from $52.00 to $60.00 and gave the company an overweight rating in a research note on Friday, June 7th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and six have given a buy rating to the company. Pagerduty has a consensus rating of Hold and a consensus price target of $41.82.

NYSE PD opened at $35.42 on Friday. Pagerduty has a fifty-two week low of $33.25 and a fifty-two week high of $59.82. The business has a fifty day moving average of $43.11.

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

A number of institutional investors have recently added to or reduced their stakes in the stock. Public Employees Retirement System of Ohio purchased a new stake in Pagerduty during the second quarter valued at about $70,000. NumerixS Investment Technologies Inc purchased a new stake in Pagerduty during the second quarter valued at about $85,000. Ladenburg Thalmann Financial Services Inc. purchased a new stake in Pagerduty during the second quarter valued at about $113,000. Flagship Harbor Advisors LLC purchased a new stake in Pagerduty during the second quarter valued at about $157,000. Finally, Scotia Capital Inc. purchased a new stake in shares of Pagerduty in the second quarter worth about $203,000. Hedge funds and other institutional investors own 7.02% of the company’s stock.

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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