Pagerduty (NYSE:PD) Coverage Initiated at DA Davidson

Equities researchers at DA Davidson assumed coverage on shares of Pagerduty (NYSE:PD) in a report released on Friday, The Fly reports. The brokerage set a “neutral” rating on the stock.

Several other equities research analysts have also recently weighed in on PD. Piper Jaffray Companies boosted their price objective on Pagerduty from $52.00 to $60.00 and gave the stock an “overweight” rating in a research note on Friday, June 7th. Raymond James reissued a “buy” rating and set a $4.75 price objective on shares of Pagerduty in a research note on Friday, July 26th. JPMorgan Chase & Co. boosted their target price on Pagerduty from $55.00 to $60.00 and gave the company an “overweight” rating in a research report on Friday, June 7th. William Blair initiated coverage on Pagerduty in a research report on Monday, May 6th. They set an “outperform” rating and a $36.00 target price for the company. Finally, Morgan Stanley initiated coverage on Pagerduty in a research report on Monday, May 6th. They set an “equal weight” rating and a $47.00 target price for the company. One research analyst has rated the stock with a sell rating, four have issued a hold rating and six have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $42.79.

Shares of PD stock opened at $33.75 on Friday. Pagerduty has a 12-month low of $33.25 and a 12-month high of $59.82. The stock has a 50-day moving average price of $44.32.

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

Several large investors have recently made changes to their positions in PD. Price T Rowe Associates Inc. MD purchased a new stake in shares of Pagerduty in the second quarter valued at approximately $164,467,000. Vanguard Group Inc. purchased a new stake in shares of Pagerduty in the second quarter valued at approximately $51,931,000. JPMorgan Chase & Co. purchased a new stake in shares of Pagerduty in the second quarter valued at approximately $30,808,000. BlackRock Inc. purchased a new stake in shares of Pagerduty in the second quarter valued at approximately $29,470,000. Finally, Bamco Inc. NY purchased a new stake in shares of Pagerduty in the second quarter valued at approximately $14,115,000. Institutional investors and hedge funds own 0.18% of the company’s stock.

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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