Weak Fundamental Momentum Sinks Pagerduty Inc

Pagerduty Inc (NYSE:PD) has a beta value of 1.07 and has seen 1.8 million shares traded in the recent trading session. The company, currently valued at $1.72B, closed the recent trade at $17.99 per share which meant it lost -$0.3 on the day or -1.61% during that session. The PD stock price is -48.42% off its 52-week high price of $26.70 and 0.39% above the 52-week low of $17.92. If we look at the company’s 10-day average daily trading volume, we find that it stood at 0.86 million shares traded. The 3-month trading volume is 1.07 million shares.

The consensus among analysts is that Pagerduty Inc (PD) is Buy stock at the moment, with a recommendation rating of 2.00. 0 analysts rate the stock as a Sell, while 0 rate it as Overweight. 4 out of 10 have rated it as a Hold, with 6 advising it as a Buy. 0 have rated the stock as Underweight. The expected earnings per share for the stock is 0.18.

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Pagerduty Inc (NYSE:PD) trade information

Sporting -1.61% in the red today, the stock has traded in the red over the last five days, with the highest price hit on recent trading when the PD stock price touched $17.99 or saw a rise of 10.14%. Year-to-date, Pagerduty Inc shares have moved -22.27%, while the 5-day performance has seen it change -9.12%. Over the past 30 days, the shares of Pagerduty Inc (NYSE:PD) have changed -3.82%. Short interest in the company has seen 11.04 million shares shorted with days to cover at 9.89.

Wall Street analysts have a consensus price target for the stock at $26.5, which means that the shares’ value could jump 32.11% from the levels at last check today. The projected low price target is $23.0 while the price target rests at a high of $52.0. In that case, then, we find that the latest price level in today’s session is -189.05% off the targeted high while a plunge would see the stock gain -27.85% from the levels at last check today.

Pagerduty Inc (PD) estimates and forecasts

Figures show that Pagerduty Inc shares have underperformed across the wider relevant industry. The company’s shares have lost -21.73% over the past 6 months, with this year growth rate of -8.11%, compared to 16.90% for the industry. Revenue growth from the last financial year stood is estimated to be 10.00%.

11 analysts offering their estimates for the company have set an average revenue estimate of 120.25M for the current quarter. 11 have an estimated revenue figure of 125.86M for the next ending quarter.

If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was -10.26% over the past 5 years. Earnings growth for 2024 is a modest -4.43% while over the next 5 years, the company’s earnings are expected to increase by 30.00%.

PD Dividends

Pagerduty Inc is expected to release its next earnings report on 2024-Nov-28 this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.

Pagerduty Inc (NYSE:PD)’s Major holders

Insiders own 7.43% of the company shares, while shares held by institutions stand at 93.73% with a share float percentage of 101.25%. Investors are also buoyed by the number of investors in a company, with Pagerduty Inc having a total of 323.0 institutions that hold shares in the company. The top two institutional holders are ARK INVESTMENT MANAGEMENT LLC with over 10.6 million shares worth more than $243.16 million. As of 2024-06-30, ARK INVESTMENT MANAGEMENT LLC held 11.4177% of shares outstanding.

The other major institutional holder is VANGUARD GROUP INC, with the holding of over 10.29 million shares as of 2024-06-30. The firm’s total holdings are worth over $235.97 million and represent 11.0805% of shares outstanding.