Pagerduty Inc (NYSE:PD) Given Consensus Rating of “Buy” by Analysts

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

PD has been the subject of a number of recent analyst reports. Raymond James reiterated a “buy” rating and issued a $5.00 target price on shares of Pagerduty in a research report on Tuesday, March 19th. Morgan Stanley initiated coverage on shares of Pagerduty in a research report on Monday, May 6th. They issued an “equal weight” rating and a $47.00 target price for the company. BTIG Research initiated coverage on shares of Pagerduty in a research report on Monday, May 6th. They issued a “neutral” rating for the company. William Blair initiated coverage on shares of Pagerduty in a research report on Monday, May 6th. They issued an “outperform” rating and a $36.00 target price for the company. Finally, JPMorgan Chase & Co. initiated coverage on shares of Pagerduty in a research report on Monday, May 6th. They issued an “overweight” rating and a $55.00 target price for the company.

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

PD traded up $6.40 on Tuesday, reaching $53.45. The company had a trading volume of 263,688 shares, compared to its average volume of 732,631. The firm has a fifty day moving average of $52.14. Pagerduty has a one year low of $36.00 and a one year high of $59.82.

Pagerduty (NYSE:PD) last announced its earnings results 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 company had revenue of $25.00 million during the quarter, compared to the consensus estimate of $34.92 million. During the same quarter in the prior year, the company earned $37.30 EPS. As a group, research analysts anticipate that Pagerduty will post -0.37 earnings per share 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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