CAMBRIDGE, Mass., October 13, 2019 – Shares of Pegasystems Inc. (NASDAQ: PEGA) inclined 2.19% to $75.94. The stock grabbed the investor’s attention and traded 391.758K shares as compared to its average daily volume of 279.41K shares. The stock’s institutional ownership stands at 47.10%.

Pegasystems Inc. (PEGA) reported a first-quarter loss of $28.70M, after reporting a profit in the same period a year earlier. The Cambridge, Massachusetts-based company said it had a loss of 37 cents per share. Losses, adjusted for stock option expense and non-recurring costs, were 12 cents per share. The results did not meet Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 11 cents per share.

The business software company posted revenue of $212.50M in the period, also missing Street forecasts. Three analysts surveyed by Zacks expected $236.30M.

PEGA has a market value of $5.78B while its EPS was booked as $-0.70 in the last 12 months. The stock has 76.05M shares outstanding. In the profitability analysis, the company has gross profit margin of 65.40% while net profit margin was -5.90%. Beta value of the company was 1.18; beta is used to measure riskiness of the security. Analyst recommendation for this stock stands at 1.50.