The stock price of Progress Software Corp (NASDAQ: PRGS) has plunged by -0.72 when compared to previous closing price of 63.47, but the company has seen a -0.13% decline in its stock price over the last five trading sessions. globenewswire.com reported 2025-06-18 that Visionary CEO recognized for bold leadership, strategic growth, accelerated AI innovation and long-term stakeholder value creation BURLINGTON, Mass., June 18, 2025 (GLOBE NEWSWIRE) — Progress Software (Nasdaq: PRGS), the trusted provider of AI-powered digital experience and infrastructure software, today announced that CEO Yogesh Gupta has been named an Entrepreneur Of The Year® 2025 New England Award winner by Ernst & Young LLP (EY US).
Is It Worth Investing in Progress Software Corp (NASDAQ: PRGS) Right Now?
Progress Software Corp (NASDAQ: PRGS) has a price-to-earnings ratio that is above its average at 48.90x. The stock has a 36-month beta value of 0.67. Opinions on the stock are mixed, with 4 analysts rating it as a “buy,” 1 as “overweight,” 2 as “hold,” and 0 as “sell.”
The public float for PRGS is 42.24M, and at present, short sellers hold a 13.13% of that float. On June 19, 2025, the average trading volume of PRGS was 600.59K shares.
PRGS’s Market Performance
PRGS stock saw an increase of -0.13% in the past week, with a monthly gain of 0.19% and a quarterly increase of 13.72%. The volatility ratio for the week is 0.92%, and the volatility levels for the last 30 days are 1.10% for Progress Software Corp (PRGS). The simple moving average for the last 20 days is 0.55% for PRGS stock, with a simple moving average of 2.65% 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 3.70% 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 -10.69% of loss for the given period.
Insider Trading
Reports are indicating that there were more than several insider trading activities at PRGS starting from Jarrett Loren, who sale 34,093 shares at the price of $61.10 back on May 09 ’25. After this action, Jarrett Loren now owns 11,747 shares of Progress Software Corp, valued at $2,083,082 using the latest closing price.
LOREN JARRETT, the Officer of Progress Software Corp, proposed sale 34,093 shares at $61.76 during a trade that took place back on May 09 ’25, which means that LOREN JARRETT is holding shares at $2,105,584 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 12.70, with 2.83 for asset returns.
Based on Progress Software Corp (PRGS), the company’s capital structure generated 0.78 points at debt to capital in total, while cash flow to debt ratio is standing at 0.14. The debt to equity ratio resting at 3.54. The interest coverage ratio of the stock is 2.92.
Currently, EBITDA for the company is 124.0 million with net debt to EBITDA at 5.86. When we switch over and look at the enterprise to sales, we see a ratio of 5.1. The receivables turnover for the company is 4.99for 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 0.79.
Conclusion
To sum up, Progress Software Corp (PRGS) has seen a mixed performance recently. Analysts have differing views on the stock, with some seeing it as a “buy” and others as a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
