In a report released on December 28, David Larsen from BTIG maintained a Buy rating on Progyny (PGNY – Research Report), with a price target of $45.00. The company’s shares closed last Friday at $37.18.
Larsen covers the Healthcare sector, focusing on stocks such as LifeMD, Apollo Medical Holdings, and Health Catalyst. According to TipRanks, Larsen has an average return of -6.6% and a 34.68% success rate on recommended stocks.
Currently, the analyst consensus on Progyny is a Strong Buy with an average price target of $46.00.
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Based on Progyny’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $280.89 million and a net profit of $15.9 million. In comparison, last year the company earned a revenue of $205.37 million and had a net profit of $13.21 million
Based on the recent corporate insider activity of 90 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of PGNY in relation to earlier this year.
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Progyny (PGNY) Company Description:
Progyny, Inc. is a medical device company, which engages in the field of reproductive medicine, translating scientific discoveries related to early embryo development into clinical tools. Its services include egg freezing, IVF treatment, surrogacy, podcast, adoption, and Eeva Test. The company was founded on April 03, 2008 and is headquartered in New York, NY.
Read More on PGNY:
- Progyny management to meet with BTIG
- Progyny price target lowered to $49 from $57 at JPMorgan
- Progyny, Inc. to Present at Canaccord Genuity MedTech, Diagnostics and Digital Health & Services Forum
- Progyny price target lowered to $45 from $50 at KeyBanc
- Progyny sees FY23 revenue $1.087B-$1.1B, consensus 1.08B
