Pegasystems Inc. (NASDAQ: PEGA): Stock That Needs Special Handling

Currently, there are 83.84M common shares owned by the public and among those 41.32M shares have been available to trade.

The company’s stock has a 5-day price change of -2.62% and -11.59% over the past three months. PEGA shares are trading 16.31% year to date (YTD), with the 12-month market performance up to 13.21% higher. It has a 12-month low price of $37.66 and touched a high of $69.26 over the same period. PEGA has an average intraday trading volume of 464.02K shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -3.47%, -5.13%, and 7.01% respectively.

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Institutional ownership of Pegasystems Inc. (NASDAQ: PEGA) shares accounts for 43.16% of the company’s 83.84M shares outstanding.

It has a market capitalization of $4.83B and a beta (3y monthly) value of 1.07. The stock’s trailing 12-month PE ratio is 69.72, while the earnings-per-share (ttm) stands at $0.82. The company has a PEG of 4.81 and a Quick Ratio of 1.01 with the debt-to-equity ratio at 1.48. Price movements for the stock have been influenced by the stock’s volatility, which stands at 2.47% over the week and 2.75% over the month.

Analysts forecast that Pegasystems Inc. (PEGA) will achieve an EPS of 0.23 for the current quarter, 0.44 for the next quarter and 3.21 for current fiscal year. The lowest estimate earnings-per-share for the quarter is -0.01 while analysts give the company a high EPS estimate of -0.01. Comparatively, EPS for the current quarter was 0.01 a year ago. Earnings per share for the fiscal year are expected to increase by 12.35%, and 14.90% over the next financial year. EPS should shrink at an annualized rate of 14.50% over the next five years, compared to 44.26% over the past 5-year period.

Looking at the support for the PEGA, a number of firms have released research notes about the stock. Barclays stated their Equal Weight rating for the stock in a research note on January 12, 2024, with the firm’s price target at $52. Exane BNP Paribas coverage for the Pegasystems Inc. (PEGA) stock in a research note released on July 05, 2023 offered a Outperform rating with a price target of $65. DA Davidson was of a view on June 06, 2023 that the stock is Neutral, while Rosenblatt gave the stock Buy rating on May 08, 2023, issuing a price target of $56. William Blair on their part issued Mkt Perform rating on March 09, 2023.

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