Progyny Inc (NASDAQ: PGNY) is -62.40% lower on its value in year-to-date trading and has touched a low of $13.77 and a high of $42.08 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The PGNY stock was last observed hovering at around $13.90 in the last trading session, with the day’s gains setting it 0.08%.
Currently trading at $13.98, the stock is -11.43% and -20.07% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.23 million and changing 0.58% at the moment leaves the stock -48.91% off its SMA200. PGNY registered -56.09% loss for a year compared to 6-month loss of -49.26%. The firm has a 50-day simple moving average (SMA 50) of $17.685 and a 200-day simple moving average (SMA200) of $27.4859.
The stock witnessed a -15.63% gain in the last 1 month and extending the period to 3 months gives it a -33.56%, and is -15.43% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 4.74% over the week and 3.89% over the month.
Progyny Inc (PGNY) has around 566 employees, a market worth around $1.19B and $1.14B in sales. Current P/E ratio is 24.08 and Fwd P/E is 22.92. Profit margin for the company is 5.03%. Distance from 52-week low is 1.53% and -66.78% from its 52-week high. The company has generated returns on investments over the last 12 months (12.69%).
The EPS is expected to shrink by -12.26% this year
412.0 institutions hold shares in Progyny Inc (PGNY), with institutional investors hold 110.03% of the company’s shares. The shares outstanding are 95.73M, and float is at 76.48M with Short Float at 14.58%. Institutions hold 102.35% of the Float.
The top institutional shareholder in the company is BLACKROCK INC. with over 11.82 million shares valued at $338.05 million. The investor’s holdings represent 12.2463 of the PGNY Shares outstanding. As of 2024-06-30, the second largest holder is VANGUARD GROUP INC with 8.25 million shares valued at $236.11 million to account for 8.5533 of the shares outstanding. The other top investors are TPG GP A, LLC which holds 6.6 million shares representing 6.8381 and valued at over $188.76 million, while CLEARBRIDGE INVESTMENTS, LLC holds 3.5494 of the shares totaling 3.42 million with a market value of $97.98 million.
Progyny Inc (PGNY) Insider Activity
The most recent transaction is an insider sale by Sturmer Michael E, the company’s PRESIDENT. SEC filings show that Sturmer Michael E sold 9,030 shares of the company’s common stock on Jul 16 ’24 at a price of $30.00 per share for a total of $0.27 million. Following the sale, the insider now owns 0.36 million shares.
Progyny Inc disclosed in a document filed with the SEC on Jun 28 ’24 that Scott Cheryl (Director) sold a total of 1,462 shares of the company’s common stock. The trade occurred on Jun 28 ’24 and was made at $28.39 per share for $41506.0. Following the transaction, the insider now directly holds 10098.0 shares of the PGNY stock.
Still, SEC filings show that on May 01 ’24, Sturmer Michael E (PRESIDENT) disposed off 4,515 shares at an average price of $31.95 for $0.14 million. The insider now directly holds 380,038 shares of Progyny Inc (PGNY).
