The price of Progress Software Corp (NASDAQ:PRGS) shares last traded on Wall Street fell -0.12% to $56.00.
PRGS stock price is now 0.20% away from the 50-day moving average and -7.12% away from the 200-day moving average. The market capitalization of the company currently stands at $2.41B.
With the price target of $65, DA Davidson recently initiated with Buy rating for Progress Software Corp (NASDAQ: PRGS). , while ‘Jefferies’ rates the stock as ‘Hold’
In other news, Pitt Ian, Chief Information Officer sold 703 shares of the company’s stock on Apr 04 ’25. The stock was sold for $39,572 at an average price of $56.29. Upon completion of the transaction, the Chief Information Officer now directly owns 8,317 shares in the company, valued at $0.47 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Apr 04 ’25, Officer IAN PITT bought 703 shares of the business’s stock. A total of $40,767 was incurred on buying the stock at an average price of $57.99. A total of 1.78% of the company’s stock is owned by insiders.
During the past 12 months, Progress Software Corp has had a low of $48.00 and a high of $70.56. As of last week, the company has a debt-to-equity ratio of 3.54, a current ratio of 0.79, and a quick ratio of 0.79. According to the stock market information, the enterprise value for the company is $3815806720, which is based on a 43.46 price-to-earnings ratio, a 5.76 price-to-earnings-growth ratio, and a beta of 0.62. The fifty day moving average price for PRGS is $55.887 and a two-hundred day moving average price translates $60.2919 for the stock.
The latest earnings results from Progress Software Corp (NASDAQ: PRGS) was released for 2025-02-28. The net profit margin was 7.03% and return on equity was 12.70% for PRGS. The company reported revenue of $238.01 million for the quarter, compared to $184.69 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 28.88 percent. For the current quarter, analysts expect PRGS to generate $237.23M in revenue.
