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Wedbush Reaffirms Their Buy Rating on Pegasystems (PEGA)

Tipranks - Tipranks - Fri Apr 24, 8:10AM CDT

Wedbush analyst maintained a Buy rating on Pegasystems today and set a price target of $60.00.

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In a report released today, Citi also maintained a Buy rating on the stock with a $71.00 price target.

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Based on Pegasystems’ latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $429.97 million and a net profit of $32.76 million. In comparison, last year the company earned a revenue of $475.63 million and had a net profit of $85.42 million

Based on the recent corporate insider activity of 142 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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