In the latest session, Progyny Inc (NASDAQ: PGNY) closed at $36.56 up 0.74% from its previous closing price of $36.29. In other words, the price has increased by $+0.27 from its previous closing price. On the day, 674880 shares were traded.
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Ratios:
For a deeper understanding of Progyny Inc’s stock, let’s take a closer look at its various ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 9.51 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 19.05. For the most recent quarter (mrq), Quick Ratio is recorded 3.44 and its Current Ratio is at 3.44. In the meantime, Its Debt-to-Equity ratio is 0.04 whereas as Long-Term Debt/Eq ratio is at 0.03.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, Leerink Partners on February 26, 2024, initiated with a Outperform rating and assigned the stock a target price of $49.
On January 03, 2024, Barclays started tracking the stock assigning a Overweight rating and target price of $48.
On September 27, 2023, Canaccord Genuity started tracking the stock assigning a Buy rating and target price of $46.Canaccord Genuity initiated its Buy rating on September 27, 2023, with a $46 target price.
Insider Transactions:
Additionally, insider trades can be beneficial to investors who want to learn what the management thinks about stock prices in the future. A recent insider transaction in this stock occurred on Nov 23 ’24 when Payson Norman sold 200 shares for $56.29 per share. The transaction valued at 11,258 led to the insider holds 580,656 shares of the business.
Livingston Mark S. sold 12,610 shares of PGNY for $461,977 on Mar 01 ’24. The CHIEF FINANCIAL OFFICER now owns 38,254 shares after completing the transaction at $36.64 per share. On Mar 01 ’24, another insider, Sturmer Michael E, who serves as the PRESIDENT of the company, sold 11,009 shares for $36.63 each. As a result, the insider received 403,260 and left with 141,738 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, PGNY now has a Market Capitalization of 3.53B and an Enterprise Value of 3.18B. As of this moment, Progyny’s Price-to-Earnings (P/E) ratio for their current fiscal year is 59.27, and their Forward P/E ratio for the next fiscal year is 36.83. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 4.20. For the stock, the TTM Price-to-Sale (P/S) ratio is 3.24 while its Price-to-Book (P/B) ratio in mrq is 6.32. Its current Enterprise Value per Revenue stands at 2.92 whereas that against EBITDA is 49.27.
Stock Price History:
The Beta on a monthly basis for PGNY is 1.48, which has changed by 10.62% over the last 52 weeks, in comparison to a change of 32.31% over the same period for the S&P500. Over the past 52 weeks, PGNY has reached a high of $44.95, while it has fallen to a 52-week low of $29.44. The 50-Day Moving Average of the stock is 37.96, while the 200-Day Moving Average is calculated to be 36.59.
Shares Statistics:
For the past three months, PGNY has traded an average of 790.34K shares per day and 819.61k over the past ten days. A total of 95.73M shares are outstanding, with a floating share count of 83.26M. Insiders hold about 13.72% of the company’s shares, while institutions hold 86.99% stake in the company. Shares short for PGNY as of Feb 29, 2024 were 6.48M with a Short Ratio of 8.20, compared to 6.22M on Jan 31, 2024. Therefore, it implies a Short% of Shares Outstanding of 6.72% and a Short% of Float of 8.17%.
Earnings Estimates
There are 9 different market analysts currently analyzing its stock. On average, analysts expect EPS of $0.13 for the current quarter, with a high estimate of $0.18 and a low estimate of $0.12, while EPS last year was $0.18. The consensus estimate for the next quarter is $0.18, with high estimates of $0.21 and low estimates of $0.15.
Analysts are recommending an EPS of between $0.84 and $0.64 for the fiscal current year, implying an average EPS of $0.7. EPS for the following year is $1, with 10 analysts recommending between $1.27 and $0.79.
Revenue Estimates
A total of 9 analysts believe the company’s revenue will be $289.46M this quarter.It ranges from a high estimate of $291.2M to a low estimate of $287M. As of the current estimate, Progyny Inc’s year-ago sales were $258.39M, an estimated increase of 12.00% from the year-ago figure.
A total of 10 analysts have provided revenue estimates for PGNY’s current fiscal year. The highest revenue estimate was $1.31B, while the lowest revenue estimate was $1.29B, resulting in an average revenue estimate of $1.3B. In the same quarter a year ago, actual revenue was $1.09B, up 19.30% from the average estimate. Based on 10 analysts’ estimates, the company’s revenue will be $1.56B in the next fiscal year. The high estimate is $1.6B and the low estimate is $1.53B. The average revenue growth estimate for next year is up 20.20% from the average revenue estimate for this year.
