Progyny Inc (NASDAQ: PGNY) is 24.64% higher on its value in year-to-date trading and has touched a low of $13.39 and a high of $30.42 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The PGNY stock was last observed hovering at around $22.30 in the last trading session, with the day’s loss setting it -0.8%.
Currently trading at $21.50, the stock is -4.54% and -2.25% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.53 million and changing -3.59% at the moment leaves the stock 8.70% off its SMA200. PGNY registered -19.72% loss for a year compared to 6-month gain of 54.68%.
The stock witnessed a 0.28% loss in the last 1 month and extending the period to 3 months gives it a -5.66%, and is -2.27% 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 3.91% over the week and 3.53% over the month.
Progyny Inc (PGNY) has around 680 employees, a market worth around $1.84B and $1.21B in sales. Current P/E ratio is 37.95 and Fwd P/E is 25.38. Profit margin for the company is 4.33%. Distance from 52-week low is 60.57% and -29.32% from its 52-week high. The company has generated returns on investments over the last 12 months (10.65%).
The EPS is expected to shrink by -1.40% this year.
Progyny Inc (PGNY) Top Institutional Holders
The shares outstanding are 85.67M, and float is at 78.49M with Short Float at 8.73%.
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 12.5876% 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 8.7917 of the shares outstanding. The other top investors are TPG GP A, LLC which holds 6.6 million shares representing 7.0286% and valued at over $188.76 million, while CLEARBRIDGE INVESTMENTS, LLC holds 3.6483 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 purchase by Schlanger David J, the company’s Executive Chairman. SEC filings show that Schlanger David J bought 150,000 shares of the company’s common stock on Dec 26 ’24 at a price of $14.68 per share for a total of $2.2 million. Following the purchase, the insider now owns 0.23 million shares.
Progyny Inc disclosed in a document filed with the SEC on Dec 23 ’24 that Anevski Peter (CHIEF EXECUTIVE OFFICER) bought a total of 209,500 shares of the company’s common stock. The trade occurred on Dec 23 ’24 and was made at $14.48 per share for $3.03 million. Following the transaction, the insider now directly holds 0.44 million shares of the PGNY stock.
Still, SEC filings show that on Dec 09 ’24, SEIDENBERG BETH C (Director) Proposed Sale 39,680 shares at an average price of $15.82 for $0.63 million. The insider now directly holds shares of Progyny Inc (PGNY).
