Progress Software Corp [PRGS] stock prices are up 1.06% to $46.66 at the moment. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The PRGS shares have gain 9.50% over the last week, with a monthly amount glided 7.12%, and seem to be holding up well over a long-time horizon.
From an analyst’s perspective:
Progress Software Corp [NASDAQ: PRGS] stock has seen the most recent analyst activity on March 28, 2024, when DA Davidson initiated its Buy rating and assigned the stock a price target of $65. On September 09, 2022, Jefferies initiated with a Hold rating and assigned a price target of $52 on the stock. Guggenheim started tracking the stock assigning a Buy rating and suggested a price target of $60 on August 12, 2022. JP Morgan initiated its recommendation with a Overweight and recommended $60 as its price target on October 22, 2021. Citigroup started tracking with a Neutral rating for this stock on August 06, 2021, and assigned it a price target of $48. In a note dated July 15, 2021, Oppenheimer initiated an Outperform rating and provided a target price of $54 on this stock.
The stock price of Progress Software Corp [PRGS] has been fluctuating between $40.29 and $70.56 over the past year. Currently, Wall Street analysts expect the stock to reach $70.75 within the next 12 months. Progress Software Corp [NASDAQ: PRGS] shares were valued at $46.66 at the most recent close of the market. An investor can expect a potential return of 51.63% based on the average PRGS price forecast.
Analyzing the PRGS fundamentals
The Progress Software Corp [NASDAQ:PRGS] reported sales of 940.13M for trailing twelve months, representing a surge of 39.80%. Gross Profit Margin for this corporation currently stands at 0.81% with Operating Profit Margin at 0.15%, Pretax Profit Margin comes in at 0.08%, and Net Profit Margin reading is 0.05%. To continue investigating profitability, this company’s Return on Assets is posted at 0.02, Equity is 0.11 and Total Capital is 0.08. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 1.74.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 45.52 points at the first support level, and at 44.39 for the second support level. However, for the 1st resistance point, the stock is sitting at 47.30, and for the 2nd resistance point, it is at 47.95.
Ratios To Look Out For
It’s worth pointing out that Progress Software Corp [NASDAQ:PRGS]’s Current Ratio is 0.44. As well, the Quick Ratio is 0.44, while the Cash Ratio is 0.13. Considering the valuation of this stock, the price to sales ratio is 2.13, the price to book ratio is 4.19 and price to earnings (TTM) ratio is 42.46.
Transactions by insiders
Recent insider trading involved IAN PITT, Officer, that happened on Oct 06 ’25 when 409.0 shares were purchased. Chief Legal Officer, WANG YUFAN STEPHANIE completed a deal on Oct 03 ’25 to sell 1428.0 shares. Meanwhile, Chief Financial Officer FOLGER ANTHONY sold 5474.0 shares on Oct 03 ’25.
