In a report released today, Daniel Ives from Wedbush maintained a Buy rating on Progress Software (PRGS – Research Report), with a price target of $67.00. The company’s shares closed yesterday at $54.80.
Ives covers the Technology sector, focusing on stocks such as Apple, Microsoft, and Palo Alto Networks. According to TipRanks, Ives has an average return of 11.1% and a 57.89% success rate on recommended stocks.
Progress Software has an analyst consensus of Moderate Buy, with a price target consensus of $64.33.
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The company has a one-year high of $61.96 and a one-year low of $48.86. Currently, Progress Software has an average volume of 332.9K.
Based on the recent corporate insider activity of 74 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 PRGS in relation to earlier this year.
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Progress Software (PRGS) Company Description:
Progress Software Corp. engages in the provision of a platform, which develops and deploy mission-critical business applications. It operates through the following business segments: OpenEdge Business; Data Connectivity and Integration; and Application Development and Deployment. The OpenEdge Business segment provides product enhancements and marketing supports for the partners to sell more of its existing solutions to their customers. The Data Connectivity and Integration segment focuses on the growth of the data assets of the company, including its data integration components of the cloud offering. The Application Development and Deployment segment generates net new customers for the application development assets of the company. The company was founded by Joseph Wright Alsop, Clyde Kessel and Charles Arthur Ziering in 1981 and is headquartered in Bedford, MA.
Read More on PRGS:
- Progress Software management to meet virtually with Seaport Research
- Progress Enables Developers to Accelerate Application Modernization with Latest Release of OpenEdge
- Progress Software announces latest release of OpenEdge
- Progress Chief Inclusion and Diversity Officer Selected as a Keynote Speaker for Bulgaria’s Academy for Diversity, Equity and Inclusion
- Progress Software management to meet with Oppenheimer
