Pegasystems (NASDAQ:PEGA) Target Raised by Goldman Sachs Group Inc to $119.00

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Pegasystems stock has undergone multiple analysts rating changes in the recent past.  Pegasystems stock Target Raised by   Goldman Sachs Group Inc on 6/29/2020. In a note to investors, the firm issued a new target price of $119.00. The analysts previously had $105.00 target price. Goldman Sachs Group Inc’s price target would indicate a potential upside of 21.95% from the stock’s previous close.

Shares of Pegasystems traded down -$0.41 on Monday, reaching $97.56. 222640 shares of the stock traded hands, compared to its average volume of 368578. Shares of were trading at $97.56 on Monday. The firm’s 50 day moving average is $89.94 and its 200 day moving average is 81.25.Pegasystems  has a 12 month low of $96.79 and a 12 month high of $103.13. While on yearly highs and lows, Pegasystems today has traded high as $101.00 and has touched $96.79 on the downward trend.

Pegasystems Earnings and What to expect: 

Pegasystems last posted its earnings results on April 29th, 2020. The technology company reported $0.05 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.01 by $0.04. The business had revenue of $265.59 million for the quarter, compared to analysts’ expectations of $255.98 million. Its revenue for the quarter was up 25.0% compared to the same quarter last year. Pegasystems has generated ($1.25) earnings per share over the last year. Pegasystems has not formally confirmed its next earnings publication date, but the company’s estimated earnings date is Wednesday, August 5th, 2020 based off prior year’s report dates.

Earnings for Pegasystems are expected to grow in the coming year, from ($1.01) to ($0.56) per share. The P/E ratio of Pegasystems is -90.03, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings. The P/E ratio of Pegasystems is -90.03, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings. Pegasystems has a P/B Ratio of 14.64. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

Latest Insiders Trading and Volume : 

  • Insider Ownership Percentage: 51.89%
  • On 5/29/2020 Director Richard H Jones Sell 5,000 at average share price of $93.62 which equates to $468,100.00 in money value.
  • On 5/11/2020 CAO Efstathios A Kouninis Sell 490 at average price of  $92.00 with total value of : Not Data Available
  • On 5/6/2020 CAO Efstathios A Kouninis Sell 607 at average price of  $87.13 with total value of : $52,887.91
  • See More Analyst Rating at: RATING

Other Analyst’s rating for Pegasystems

  • 6/27/2020 – Pegasystems was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. ()
  • 6/9/2020 – Pegasystems was downgraded by analysts at BidaskClub from a “strong-buy” rating to a “buy” rating. ()
  • 6/4/2020 – Pegasystems had its price target raised by analysts at KeyCorp from $104.00 to $112.00. They now have an “overweight” rating on the stock. ()
  • 6/3/2020 – Pegasystems was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $108.00 price target on the stock. ()
  • See More Analyst Rating at: RATING

Other rating updates by Goldman Sachs Group Inc: 

  • 6/29/2020 – Bill.com is now covered by analysts at Goldman Sachs Group Inc. They set a “buy” rating and a $34.00 price target on the stock. ()
  • 6/29/2020 – Zuora had its price target raised by analysts at Goldman Sachs Group Inc from $10.00 to $11.00. ()
  • 6/29/2020 – Zendesk had its price target raised by analysts at Goldman Sachs Group Inc from $96.00 to $113.00. ()
  • 6/29/2020 – Workiva had its price target raised by analysts at Goldman Sachs Group Inc from $41.00 to $52.00. ()
  • See More Analyst Rating at: RATING

Pegasystems (NASDAQ:PEGA) Moving Average Technical Analysis

5 day Moving Average is $95.76 And 5 day price change is 4.02 (0.0423)  with average volume for 5 day average is 419,984. While technical analysis for average 20 days shows significant difference, 20 day moving average is  96.25 and 20 day price change is 2.79 (0.029) and average 20 day moving volume is 354,346. 50 day moving average is 89.94  and 50 day price change is 20.11 ( 0.255)  and with average volume for 50 days is : 414,724. 200 day moving average is 81.25  and 200 day price change is 26.83 (0.3719)  and with average volume for 200 days is : 361,248.

See More Analyst Rating at: RATING