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NASDAQ:PRGS

Progress Software (PRGS) Stock Price, News & Analysis

Progress Software logo
$52.73 +1.19 (+2.31%)
Closing price 04:00 PM Eastern
Extended Trading
$52.96 +0.24 (+0.45%)
As of 07:32 PM Eastern
Extended trading is trading that happens on electronic markets outside of regular trading hours. This is a fair market value extended hours price provided by Polygon.io. Learn more.

About Progress Software Stock (NASDAQ:PRGS)

Key Stats

Today's Range
$51.58
$53.71
50-Day Range
$51.54
$64.66
52-Week Range
$50.68
$70.56
Volume
2.02 million shs
Average Volume
606,420 shs
Market Capitalization
$2.27 billion
P/E Ratio
40.25
Dividend Yield
N/A
Price Target
$75.17
Consensus Rating
Moderate Buy

Company Overview

Progress Software Stock Analysis - MarketRank™

See Top-Rated MarketRank™ Stocks
93rd Percentile Overall Score

PRGS MarketRank™: 

Progress Software scored higher than 93% of companies evaluated by MarketBeat, and ranked 31st out of 655 stocks in the computer and technology sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

  • Consensus Rating

    Progress Software has received a consensus rating of Moderate Buy. The company's average rating score is 2.67, and is based on 4 buy ratings, 2 hold ratings, and no sell ratings.

  • Amount of Analyst Coverage

    Progress Software has been the subject of 5 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

  • Read more about Progress Software's stock forecast and price target.
  • Earnings Growth

    Earnings for Progress Software are expected to grow by 21.70% in the coming year, from $4.01 to $4.88 per share.

  • Price to Earnings Ratio vs. the Market

    The P/E ratio of Progress Software is 40.25, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 25.93.

  • Price to Earnings Ratio vs. Sector

    The P/E ratio of Progress Software is 40.25, which means that it is trading at a more expensive P/E ratio than the Computer and Technology sector average P/E ratio of about 37.14.

  • Price to Earnings Growth Ratio

    Progress Software has a PEG Ratio of 2.43. PEG Ratios above 1 indicate that a company could be overvalued.

  • Price to Book Value per Share Ratio

    Progress Software has a P/B Ratio of 5.02. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

  • Read more about Progress Software's valuation and earnings.
  • Percentage of Shares Shorted

    13.26% of the float of Progress Software has been sold short.
  • Short Interest Ratio / Days to Cover

    Progress Software has a short interest ratio ("days to cover") of 9.6.
  • Change versus previous month

    Short interest in Progress Software has recently increased by 1.08%, indicating that investor sentiment is decreasing.
  • Dividend Yield

    Progress Software does not currently pay a dividend.

  • Dividend Growth

    Progress Software does not have a long track record of dividend growth.

  • Percentage of Shares Shorted

    13.26% of the float of Progress Software has been sold short.
  • Short Interest Ratio / Days to Cover

    Progress Software has a short interest ratio ("days to cover") of 9.6.
  • Change versus previous month

    Short interest in Progress Software has recently increased by 1.08%, indicating that investor sentiment is decreasing.
  • News Sentiment

    Progress Software has a news sentiment score of 0.95. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.65 average news sentiment score of Computer and Technology companies.
  • News Coverage This Week

    MarketBeat has tracked 35 news articles for Progress Software this week, compared to 9 articles on an average week.
  • Search Interest

    25 people have searched for PRGS on MarketBeat in the last 30 days. This is an increase of 1,150% compared to the previous 30 days.
  • MarketBeat Follows

    4 people have added Progress Software to their MarketBeat watchlist in the last 30 days. This is an increase of 300% compared to the previous 30 days.
  • Insider Buying vs. Insider Selling

    In the past three months, Progress Software insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $83,210.00 in company stock.

  • Percentage Held by Insiders

    Only 3.60% of the stock of Progress Software is held by insiders.

  • Read more about Progress Software's insider trading history.
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PRGS Stock News Headlines

$100 Trillion “AI Metal” Found in American Ghost Town
Jeff Brown recently traveled to a ghost town in the middle of an American desert… To investigate what could be the biggest technology story of this decade. In short, he believes what he's holding in his hand is the key to the $100 trillion AI boom… And only one company here in the U.S. can mine this obscure metal.
Wedbush Has Positive Estimate for PRGS FY2025 Earnings
Q3 EPS Estimates for Progress Software Lowered by Wedbush
DA Davidson Boosts Earnings Estimates for Progress Software
What is DA Davidson's Estimate for PRGS Q3 Earnings?
See More Headlines

PRGS Stock Analysis - Frequently Asked Questions

Progress Software's stock was trading at $65.15 at the beginning of 2025. Since then, PRGS shares have decreased by 19.1% and is now trading at $52.73.

Progress Software Corporation (NASDAQ:PRGS) issued its quarterly earnings results on Monday, June, 30th. The software maker reported $1.40 EPS for the quarter, topping the consensus estimate of $1.30 by $0.10. The firm's quarterly revenue was up 35.6% compared to the same quarter last year.
Read the conference call transcript
.

Progress Software subsidiaries include Chef, Ipswitch, Kinvey, DataRPM, OneBit Software, Progress Telerik, BravePoint, and others.

Top institutional shareholders of Progress Software include Delphi Management Inc. MA (0.05%) and Parisi Gray Wealth Management (0.01%). Insiders that own company stock include Yogesh K Gupta, David Krall, Charles Francis Kane, Anthony Folger, John Ainsworth, Sundar Subramanian, Loren Jarrett, Ian Pitt, Jennifer Ortiz, Domenic Lococo, Kathryn Kulikoski, Jeremy Segal and Yufan Stephanie Wang.
View institutional ownership trends
.

Shares of PRGS stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.

Based on aggregate information from My MarketBeat watchlists, some other companies that Progress Software investors own include American Water Works (AWK), Voyager Therapeutics (VYGR), Humana (HUM), Waste Connections (WCN), DiamondRock Hospitality (DRH), AU Optronics (AUOTY) and The RMR Group (RMR).

Company Calendar

Last Earnings
6/30/2025
Today
7/08/2025
Next Earnings (Estimated)
9/23/2025
Fiscal Year End
11/30/2025

Industry, Sector and Symbol

Stock Exchange
NASDAQ
Industry
COMP - SOFTWARE
Sub-Industry
Systems Software
Current Symbol
NASDAQ:PRGS
Employees
2,815
Year Founded
1981

Price Target and Rating

Average Stock Price Target
$75.17
High Stock Price Target
$83.00
Low Stock Price Target
$68.00
Potential Upside/Downside
+40.4%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.67
Research Coverage
6 Analysts

Profitability

Trailing P/E Ratio
40.86
Forward P/E Ratio
13.35
P/E Growth
2.57
Net Income
$68.44 million
Pretax Margin
9.17%

Debt

Sales & Book Value

Annual Sales
$869.02 million
Cash Flow
$6.54 per share
Price / Cash Flow
8.19
Book Value
$10.23 per share
Price / Book
5.23

Miscellaneous

Free Float
41,556,000
Market Cap
$2.31 billion
Optionable
Optionable
Beta
0.68

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This page (NASDAQ:PRGS) was last updated on 7/8/2025 by MarketBeat.com Staff
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