Pegasystems Inc. (NASDAQ:PEGA) has earned an average rating of “Buy” from the seven brokerages that are currently covering the firm, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, one has issued a hold recommendation and four have assigned a buy recommendation to the company. The average 1 year price target among brokers that have issued a report on the stock in the last year is $61.75.
Several equities research analysts recently issued reports on the stock. BidaskClub lowered shares of Pegasystems from a “sell” rating to a “strong sell” rating in a report on Friday, January 26th. Zacks Investment Research raised shares of Pegasystems from a “sell” rating to a “hold” rating in a report on Wednesday, January 10th. Finally, TheStreet lowered shares of Pegasystems from a “b-” rating to a “c” rating in a report on Wednesday, November 22nd.
In other Pegasystems news, VP Michael R. Pyle sold 4,000 shares of the business’s stock in a transaction that occurred on Monday, February 5th. The shares were sold at an average price of $49.45, for a total transaction of $197,800.00. Following the sale, the vice president now directly owns 42,524 shares of the company’s stock, valued at approximately $2,102,811.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Douglas I. Kra sold 1,164 shares of the business’s stock in a transaction that occurred on Friday, December 1st. The stock was sold at an average price of $49.90, for a total transaction of $58,083.60. Following the sale, the senior vice president now directly owns 25,664 shares in the company, valued at $1,280,633.60. The disclosure for this sale can be found here. Insiders have sold a total of 19,035 shares of company stock worth $940,525 over the last three months. Insiders own 53.61% of the company’s stock.
Shares of Pegasystems (PEGA) traded down $0.20 during trading on Tuesday, hitting $51.20. 117,067 shares of the company traded hands, compared to its average volume of 372,657. The company has a market cap of $3,986.43, a price-to-earnings ratio of 119.07 and a beta of 1.26. Pegasystems has a 12 month low of $39.65 and a 12 month high of $64.85.
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Pegasystems Inc develops, markets, licenses and supports software applications for marketing, sales and onboarding, and customer service needs. The Company also offers software applications built on the Pega platform. Its software is designed to assist clients in building, deploying and evolving enterprise applications.
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