Progyny (PGNY) Stock Price, News & Analysis

10 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Progyny in the last twelve months. There are currently 10 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" PGNY shares.
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10 equities research analysts have issued 12 month target prices for Progyny's stock. Their PGNY share price targets range from $43.00 to $57.00. On average, they expect the company's stock price to reach $48.30 in the next year. This suggests a possible upside of 47.7% from the stock's current price.
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Progyny's stock was trading at $37.18 at the beginning of 2024. Since then, PGNY stock has decreased by 12.0% and is now trading at $32.70.
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The company is scheduled to release its next quarterly earnings announcement on Monday, May 13th 2024.
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Progyny, Inc. (NASDAQ:PGNY) released its quarterly earnings data on Tuesday, February, 27th. The company reported $0.13 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.09 by $0.04. The business had revenue of $269.94 million for the quarter, compared to analysts' expectations of $274.08 million. Progyny had a trailing twelve-month return on equity of 12.64% and a net margin of 5.70%. The business's revenue for the quarter was up 26.0% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.03 EPS.

ETFs with the largest weight of Progyny (NASDAQ:PGNY) stock in their portfolio include Alger Weatherbie Enduring Growth ETF (AWEG), Janus Henderson Small Cap Growth Alpha ETF (JSML), SPDR S&P Health Care Services ETF (XHS), BNY Mellon Women's Opportunities ETF (BKWO), Harbor Corporate Culture Small Cap ETF (HAPS), First Trust Nasdaq Lux Digital Health Solutions ETF (EKG), Thrivent Small-Mid Cap ESG ETF (TSME) and AdvisorShares Alpha DNA Equity Sentiment ETF (SENT).

Progyny updated its first quarter 2024 earnings guidance on Tuesday, February, 27th. The company provided EPS guidance of 0.330-0.350 for the period, compared to the consensus earnings per share estimate of 0.180. The company issued revenue guidance of $285.0 million-$292.0 million, compared to the consensus revenue estimate of $314.0 million.

25 employees have rated Progyny Chief Executive Officer David Schlanger on Glassdoor.com. David Schlanger has an approval rating of 89% among the company's employees.

Based on aggregate information from My MarketBeat watchlists, some companies that other Progyny investors own include NVIDIA (NVDA), Alibaba Group (BABA), Salesforce (CRM), Marvell Technology (MRVL), Alteryx (AYX), Micron Technology (MU), AbbVie (ABBV), Home Depot (HD), Advanced Micro Devices (AMD).

Progyny (PGNY) raised $150 million in an initial public offering on Friday, October 25th 2019. The company issued 10,000,000 shares at $14.00-$16.00 per share. J.P. Morgan, Goldman Sachs and BofA Merrill Lynch served as the underwriters for the IPO and Citigroup, Piper Jaffray, SVB Leerink and TPG Capital were co-managers.

Progyny's stock is owned by a number of institutional and retail investors. Top institutional shareholders include Congress Asset Management Co. MA (1.05%), Deepwater Asset Management LLC (0.41%), International Assets Investment Management LLC (0.16%), Congress Wealth Management LLC DE (0.16%), Los Angeles Capital Management LLC (0.05%) and Radnor Capital Management LLC (0.04%). Insiders that own company stock include Cheryl Scott, David J Schlanger, Group Holdings (Sbs) Advis Tpg, Jennifer Bealer, Kevin K Gordon, Mark S Livingston, Michael E Sturmer, Norman Payson, Peter Anevski, Robert Michael Floyd and Tpg Gp A, Llc.
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Shares of PGNY stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
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