Progress Software (NASDAQ:PRGS) Given New $75.00 Price Target at DA Davidson
Posted by MarketBeat News on Jul 3rd, 2025 Progress Software (NASDAQ:PRGS – Get Free Report) had its price target hoisted by equities research analysts at DA Davidson from $70.00 to $75.00 in a report issued on Tuesday,Benzinga reports. The firm currently has a “buy” rating on the software maker’s stock. DA Davidson’s price target suggests a potential upside of 39.15% from the stock’s current price. DA Davidson also issued estimates for Progress Software’s Q3 2025 earnings at $1.01 EPS. PRGS has been the subject of several other research reports. Wedbush reiterated an “outperform” rating and set a $75.00 target price on shares of Progress Software in a research report on Friday, June 27th. Guggenheim reissued a “buy” rating and issued a $83.00 price target on shares of Progress Software in a report on Friday, June 27th. Citigroup reissued a “neutral” rating on shares of Progress Software in a report on Friday, June 27th. Finally, Jefferies Financial Group reissued a “hold” rating on shares of Progress Software in a report on Friday, June 27th. Two investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $75.17. Read Our Latest Stock Analysis on PRGS Progress Software Stock Down 2.9% NASDAQ PRGS opened at $53.90 on Tuesday. Progress Software has a 52 week low of $50.68 and a 52 week high of $70.56. The company has a quick ratio of 0.79, a current ratio of 0.43 and a debt-to-equity ratio of 2.43. The company has a market capitalization of $2.32 billion, a P/E ratio of 41.15, a price-to-earnings-growth ratio of 2.66 and a beta of 0.68. The stock’s 50-day moving average price is $61.88 and its 200-day moving average price is $59.66. Progress Software (NASDAQ:PRGS – Get Free Report) last announced its quarterly earnings data on Monday, June 30th. The software maker reported $1.40 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.30 by $0.10. Progress Software had a net margin of 6.63% and a return on equity of 43.72%. The firm had revenue of $237.36 million during the quarter, compared to analysts’ expectations of $237.23 million. During the same period in the prior year, the company posted $1.09 earnings per share. The company’s revenue for the quarter was up 35.6% compared to the same quarter last year. On average, equities research analysts predict that Progress Software will post 4.01 earnings per share for the current year. Insider Activity at Progress Software In other news, insider Yufan Stephanie Wang sold 1,428 shares of the company’s stock in a transaction that occurred on Thursday, April 24th. The stock was sold at an average price of $58.27, for a total transaction of $83,209.56. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Ian Pitt sold 703 shares of the company’s stock in a transaction that occurred on Friday, April 4th. The stock was sold at an average price of $56.29, for a total value of $39,571.87. Following the sale, the insider directly owned 8,317 shares in the company, valued at $468,163.93. This trade represents a 7.79% decrease in their ownership of the stock. The disclosure for this sale can be found here. 3.40% of the stock is owned by corporate insiders. Institutional Trading of Progress Software Hedge funds have recently modified their holdings of the company. Avantax Advisory Services Inc. increased its position in shares of Progress Software by 3.0% during the 1st quarter. Avantax Advisory Services Inc. now owns 6,396 shares of the software maker’s stock valued at $329,000 after purchasing an additional 185 shares during the last quarter. QRG Capital Management Inc. increased its position in shares of Progress Software by 1.8% during the 1st quarter. QRG Capital Management Inc. now owns 10,607 shares of the software maker’s stock valued at $546,000 after purchasing an additional 187 shares during the last quarter. Assetmark Inc. boosted its position in shares of Progress Software by 6.6% during the fourth quarter. Assetmark Inc. now owns 3,301 shares of the software maker’s stock valued at $215,000 after buying an additional 204 shares during the period. Summit Investment Advisors Inc. boosted its position in shares of Progress Software by 5.7% during the fourth quarter. Summit Investment Advisors Inc. now owns 4,446 shares of the software maker’s stock valued at $290,000 after buying an additional 239 shares during the period. Finally, First Trust Advisors LP boosted its position in shares of Progress Software by 0.3% during the fourth quarter. First Trust Advisors LP now owns 95,908 shares of the software maker’s stock valued at $6,248,000 after buying an additional 281 shares during the period. Progress Software Company Profile (Get Free Report) 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. See Also Five stocks we like better than Progress Software What is a SEC Filing? Jefferies Raises Broadcom Price Target to $315: 19% Upside Ahead Stock Dividend Cuts Happen Are You Ready? Whiplash for Investors: AeroVironment’s Confusing Stock Signals How to Calculate Retirement Income: MarketBeat’s Calculator The Ultimate Trump Bump: These Gov’t Backed Stocks Are Exploding Receive News & Ratings for Progress Software Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Progress Software and related companies with MarketBeat.com's FREE daily email newsletter. « PREVIOUS HEADLINESequoia Financial Advisors LLC Has $419,000 Stock Position in Wheaton Precious Metals Corp. (NYSE:WPM) NEXT HEADLINE »Sequoia Financial Advisors LLC Sells 4,243 Shares of Conagra Brands (NYSE:CAG) You might be interested in: