Progress Software Corp (NASDAQ: PRGS) has seen a rise in its stock price by 9.42 in relation to its previous close of 51.51. However, the company has experienced a 2.18% gain in its stock price over the last five trading sessions. globenewswire.com reported 2025-04-01 that Managed file transfer solution recognized for excellence based on user reviews BURLINGTON, Mass., April 01, 2025 (GLOBE NEWSWIRE) — Progress (Nasdaq: PRGS), the trusted provider of AI-powered digital experience and infrastructure software, today announced that its Progress® MOVEit® managed file transfer (MFT) software has been recognized with a 2025 Best Software Award from G2 in the Best IT Infrastructure Products category.
Is It Worth Investing in Progress Software Corp (NASDAQ: PRGS) Right Now?
The price-to-earnings ratio for Progress Software Corp (NASDAQ: PRGS) is 36.37x, which is above its average ratio. Moreover, the 36-month beta value for PRGS is 0.84. Analysts have varying opinions on the stock, with 4 analysts rating it as a “buy,” 1 as “overweight,” 2 as “hold,” and 0 as “sell.”
The public float for PRGS is 42.28M and currently, short sellers hold a 14.05% of that float. On April 01, 2025, PRGS’s average trading volume was 742.16K shares.
PRGS’s Market Performance
PRGS stock saw an increase of 2.18% in the past week, with a monthly gain of 4.29% and a quarterly increase of -13.93%. The volatility ratio for the week is 2.78%, and the volatility levels for the last 30 days are 2.52% for Progress Software Corp (PRGS). The simple moving average for the last 20 days is 2.86% for PRGS stock, with a simple moving average of -5.94% for the last 200 days.
Analysts’ Opinion of PRGS
Many brokerage firms have already submitted their reports for PRGS stocks, with DA Davidson repeating the rating for PRGS by listing it as a “Buy.” The predicted price for PRGS in the upcoming period, according to DA Davidson is $65 based on the research report published on March 28, 2024 of the previous year 2024.
Guggenheim, on the other hand, stated in their research note that they expect to see PRGS reach a price target of $60. The rating they have provided for PRGS stocks is “Buy” according to the report published on January 24th, 2023.
Jefferies gave a rating of “Hold” to PRGS, setting the target price at $52 in the report published on September 09th of the previous year.
PRGS Trading at 0.98% from the 50-Day Moving Average
After a stumble in the market that brought PRGS to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -20.12% of loss for the given period.
Volatility was left at 2.52%, however, over the last 30 days, the volatility rate increased by 2.78%, as shares surge +2.20% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -10.72% lower at present.
During the last 5 trading sessions, PRGS rose by +1.87%, which changed the moving average for the period of 200-days by +11.11% in comparison to the 20-day moving average, which settled at $54.78. In addition, Progress Software Corp saw -13.49% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at PRGS starting from LoCoco Domenic, who sale 1,000 shares at the price of $56.24 back on Feb 03 ’25. After this action, LoCoco Domenic now owns 4,303 shares of Progress Software Corp, valued at $56,240 using the latest closing price.
Pitt Ian, the Chief Information Officer of Progress Software Corp, sale 1,482 shares at $56.60 during a trade that took place back on Feb 03 ’25, which means that Pitt Ian is holding 7,613 shares at $83,881 based on the most recent closing price.
Stock Fundamentals for PRGS
Current profitability levels for the company are sitting at:
- 0.16 for the present operating margin
- 0.8 for the gross margin
The net margin for Progress Software Corp stands at 0.07. The total capital return value is set at 0.06. Equity return is now at value 15.23, with 3.31 for asset returns.
Based on Progress Software Corp (PRGS), the company’s capital structure generated 0.66 points at debt to capital in total, while cash flow to debt ratio is standing at 0.25. The debt to equity ratio resting at 1.92. The interest coverage ratio of the stock is 20.14.
Currently, EBITDA for the company is 124.0 million with net debt to EBITDA at 3.49. When we switch over and look at the enterprise to sales, we see a ratio of 3.92. The receivables turnover for the company is 4.2for trailing twelve months and the total asset turnover is 0.33. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.81.
Conclusion
To wrap up, the performance of Progress Software Corp (PRGS) has been mixed in recent times. The stock has received a bullish of “buy” and “hold” ratings from analysts. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
