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Citi Sticks to Their Buy Rating for Pegasystems (PEGA)

Tipranks - Wed Apr 15, 6:12AM CDT

Citi analyst Steve Enders maintained a Buy rating on Pegasystems today and set a price target of $70.00.

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Enders covers the Technology sector, focusing on stocks such as Intuit, Pegasystems, and Paycom. According to TipRanks, Enders has an average return of -10.3% and a 39.16% success rate on recommended stocks.

Pegasystems has an analyst consensus of Strong Buy, with a price target consensus of $60.88.

Based on Pegasystems’ latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $504.32 million and a net profit of $234.57 million. In comparison, last year the company earned a revenue of $490.83 million and had a net profit of $119.09 million

Based on the recent corporate insider activity of 143 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of PEGA in relation to earlier this year. Last month, Efstathios Kouninis, the SVP & CAO of PEGA sold 1,000.00 shares for a total of $42,880.00.

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