What is DA Davidson's Estimate for PRGS Q3 Earnings?

Progress Software Corporation (NASDAQ:PRGS - Free Report) - DA Davidson issued their Q3 2025 earnings per share (EPS) estimates for shares of Progress Software in a research note issued on Tuesday, July 1st. DA Davidson analyst L. Schreiner expects that the software maker will post earnings per share of $1.01 for the quarter. DA Davidson currently has a "Buy" rating and a $75.00 target price on the stock. The consensus estimate for Progress Software's current full-year earnings is $4.01 per share.

Progress Software (NASDAQ:PRGS - Get Free Report) last posted its quarterly earnings results on Monday, June 30th. The software maker reported $1.40 earnings per share for the quarter, topping the consensus estimate of $1.30 by $0.10. Progress Software had a return on equity of 44.24% and a net margin of 6.63%. The firm had revenue of $237.36 million for the quarter, compared to analyst estimates of $237.23 million. During the same quarter in the previous year, the firm earned $1.09 EPS. The business's quarterly revenue was up 35.6% on a year-over-year basis.

Other equities research analysts also recently issued reports about the stock. Wedbush reiterated an "outperform" rating and issued a $75.00 target price on shares of Progress Software in a research note on Friday, June 27th. Guggenheim reaffirmed a "buy" rating and issued a $83.00 price objective on shares of Progress Software in a research report on Friday, June 27th. Jefferies Financial Group reissued a "hold" rating on shares of Progress Software in a report on Friday, June 27th. Finally, Citigroup restated a "neutral" rating on shares of Progress Software in a research note on Friday, June 27th. Two investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company's stock. According to MarketBeat.com, Progress Software presently has a consensus rating of "Moderate Buy" and an average target price of $75.17.

Progress Software Stock Performance

Shares of PRGS traded down $1.62 during midday trading on Wednesday, reaching $53.90. The stock had a trading volume of 2,233,648 shares, compared to its average volume of 587,264. The firm has a market cap of $2.32 billion, a PE ratio of 41.15, a P/E/G ratio of 3.05 and a beta of 0.68. The firm has a 50 day simple moving average of $61.97 and a 200-day simple moving average of $59.70. Progress Software has a one year low of $50.68 and a one year high of $70.56. The company has a current ratio of 0.79, a quick ratio of 0.79 and a debt-to-equity ratio of 3.47.

Institutional Investors Weigh In On Progress Software

Institutional investors and hedge funds have recently bought and sold shares of the company. Swedbank AB increased its holdings in Progress Software by 65.8% in the 1st quarter. Swedbank AB now owns 728,748 shares of the software maker's stock valued at $37,538,000 after buying an additional 289,122 shares during the period. Inspire Investing LLC boosted its position in shares of Progress Software by 14.3% during the 1st quarter. Inspire Investing LLC now owns 7,793 shares of the software maker's stock worth $401,000 after acquiring an additional 973 shares in the last quarter. Rhumbline Advisers increased its stake in Progress Software by 1.8% in the first quarter. Rhumbline Advisers now owns 121,063 shares of the software maker's stock valued at $6,236,000 after acquiring an additional 2,193 shares during the last quarter. Intech Investment Management LLC increased its stake in Progress Software by 45.0% in the first quarter. Intech Investment Management LLC now owns 28,202 shares of the software maker's stock valued at $1,453,000 after acquiring an additional 8,756 shares during the last quarter. Finally, Jane Street Group LLC raised its position in Progress Software by 206.8% during the first quarter. Jane Street Group LLC now owns 111,326 shares of the software maker's stock valued at $5,734,000 after purchasing an additional 75,044 shares in the last quarter.

Insider Buying and Selling

In other Progress Software news, insider Ian Pitt sold 703 shares of the stock in a transaction on Friday, April 4th. The stock was sold at an average price of $56.29, for a total transaction of $39,571.87. Following the transaction, the insider owned 8,317 shares in the company, valued at $468,163.93. This trade represents a 7.79% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Yufan Stephanie Wang sold 1,428 shares of Progress Software stock in a transaction on Thursday, April 24th. The shares were sold at an average price of $58.27, for a total value of $83,209.56. The disclosure for this sale can be found here. 3.60% of the stock is currently owned by company insiders.

Progress Software Company Profile

Progress Software Corporation develops, deploys, and manages business applications in the United States and internationally. The company offers OpenEdge, an application development platform for running business-critical applications; Chef, a DevOps/DevSecOps automation software; Developer Tools that consists of software development tooling collection, including .NET and JavaScript UI components for web, desktop and mobile applications, reporting and report management tools, and automated testing and mocking tools; Kemp LoadMaster, an application delivery and security product offering cloud-native, and virtual and hardware load balancers; and Sitefinity, a digital experience platform foundation delivering intelligent and ROI-driving tools for marketers.