Is A Downturn Overdue? PagerDuty Inc. (NYSE:PD), ManpowerGroup Inc. (NYSE:MAN)?

The shares of PagerDuty Inc. (NYSE:PD) has been pegged with a rating of Equal-Weight by Morgan Stanley in its latest research note that was published on October 16, 2019. The Technology company has also assigned a $34 price target. Morgan Stanley wasn’t the only research firm that published a report of PagerDuty Inc., with other equities research analysts also giving their opinion on the stock. Robert W. Baird advised investors in its research note published on October 15, 2019, to Outperform the PD stock while also putting a $31 price target. The stock had earned Hold rating from SunTrust Markets when it published its report on October 03, 2019. The stock was given Neutral rating by DA Davidson in its report released on August 16, 2019, the day when the price target on the stock was placed at 36. RBC Capital Mkts was of a view that PD is Outperform in its latest report on August 14, 2019. William Blair thinks that PD is worth Outperform rating.

Amongst the analysts that rated the stock, 0 have recommended investors to sell it, 3 believe it has the potential for further growth, thus rating it as Hold while 3 advised investors to purchase the stock. The consensus currently stands at a Overweight while its average price target is $22.50. The price of the stock the last time has raised by 115.33% from its 52-Week high price while it is -55.62% than its 52-Week low price. A look at the stock’s other technical shows that its 14-day RSI now stands at 62.59.

The shares of the company added by 6.33% during the trading session on Friday, reaching a low of $25.13 while ending the day at $26.55. During the trading session, a total of 1.36 million shares were traded which represents a -2.02% decline from the average session volume which is 1.33 million shares. PD had ended its last session trading at $24.97. PagerDuty Inc. debt-to-equity ratio currently stands at 0.00, while its quick ratio hovers at 3.50 PD 52-week low price stands at $12.33 while its 52-week high price is $59.82.

The company in its last quarterly report recorded -$0.14 earnings per share which is above the predicted by most analysts. The PagerDuty Inc. generated 124.02 million in revenue during the last quarter. In the second quarter last year, the firm recorded -$0.20 earnings per share. Compared to the same quarter last year, the firm’s revenue was down by -164.29%. PagerDuty Inc. has the potential to record -0.67 EPS for the current fiscal year, according to equities analysts.

Investment analysts at Credit Suisse published a research note on May 21, 2020 where it informed investors and clients that ManpowerGroup Inc. (NYSE:MAN) is now rated as Neutral. Their price target on the stock stands at $70. Barclays also rated MAN as Downgrade on March 19, 2020, with its price target of $68 suggesting that MAN could down by -1.38% from its current share price. Even though the stock has been trading at $75.55/share, analysts expect it to down by -8.48% to reach $68.20/share. It started the day trading at $73.78 and traded between $68.81 and $69.14 throughout the trading session.

A look at its technical shows that MAN’s 50-day SMA is 64.60 while its 200-day SMA stands at 82.59. The stock has a high of $100.99 for the year while the low is $49.57. The stock, however, witnessed a rise in its short on 05/15/20. Compared to previous close which recorded 1.93 M shorted shares, the short percentage went higher by 4.01%, as 2.01M PD shares were shorted. At the moment, only 3.48% of ManpowerGroup Inc. shares were sold short. The company’s P/E ratio currently sits at 10.03, while the P/B ratio is 1.55. The company’s average trading volume currently stands at 740.64K shares, which means that the short-interest ratio is just 2.71 days. Over the past seven days, the company moved, with its shift of -3.35%. Looking further, the stock has dropped -8.95% over the past 90 days while it lost -27.11% over the last six months.

The change in the stock’s fortunes has led to several institutional investors altering their holdings of the stock. The The Vanguard Group, Inc. bought more MAN shares, increasing its portfolio by 1.63% during the last quarter. This move now sees The The Vanguard Group, Inc. purchasing 88,753 shares in the last quarter, thus it now holds 5,541,825 shares of MAN, with a total valuation of $411,425,088. BlackRock Fund Advisors meanwhile sold more MAN shares in the recently filed quarter, changing its stake to $384,258,816 worth of shares.

Similarly, AQR Capital Management LLC increased its ManpowerGroup Inc. shares by 31.73% during the recently filed quarter. After buying 3,721,993 shares in the last quarter, the firm now controls 896,432 shares of ManpowerGroup Inc. which are valued at $276,320,760. In the same vein, Capital Research & Management Co…. increased its ManpowerGroup Inc. shares by during the most recent reported quarter. The firm bought 2,027,904 shares during the quarter which increased its stakes to 2,870,904 shares and is now valued at $213,135,913. Following these latest developments, around 0.10% of ManpowerGroup Inc. stocks are owned by institutional investors and hedge funds.