Progress Software (NASDAQ:PRGS) Updates Q2 2025 Earnings Guidance

Progress Software (NASDAQ:PRGS) updated its second quarter 2025 earnings guidance on Monday. The company provided earnings per share (EPS) guidance of 1.280-1.340 for the period, compared to the consensus estimate of 1.170. The company issued revenue guidance of $235.0 million-$241.0 million, compared to the consensus revenue estimate of $233.8 million. Progress Software also updated its FY 2025 guidance to 5.250-5.370 EPS.

Progress Software Price Performance

Progress Software stock traded up $0.12 during mid-day trading on Monday, hitting $51.51. 1,279,698 shares of the company were exchanged, compared to its average volume of 534,498. Progress Software has a 1-year low of $48.00 and a 1-year high of $70.56. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 3.48. The business has a fifty day moving average of $56.06 and a 200 day moving average of $62.12. The company has a market capitalization of $2.23 billion, a PE ratio of 33.02, a price-to-earnings-growth ratio of 2.82 and a beta of 0.88.

Wall Street Analyst Weigh In

Several research analysts have recently commented on PRGS shares. Jefferies Financial Group boosted their target price on Progress Software from $65.00 to $70.00 and gave the stock a “hold” rating in a report on Monday, January 6th. Guggenheim restated a “buy” rating and set a $83.00 target price on shares of Progress Software in a report on Friday, January 17th. DA Davidson reiterated a “buy” rating and set a $75.00 price target on shares of Progress Software in a research report on Tuesday, January 21st. Citigroup raised their price objective on shares of Progress Software from $65.00 to $68.00 and gave the company a “neutral” rating in a research report on Friday, January 17th. Finally, StockNews.com cut shares of Progress Software from a “strong-buy” rating to a “buy” rating in a research note on Thursday, January 23rd. Two research analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $74.00.

Insider Transactions at Progress Software

In other Progress Software news, CAO Domenic Lococo sold 1,000 shares of the stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $56.24, for a total value of $56,240.00. Following the transaction, the chief accounting officer now owns 4,303 shares of the company’s stock, valued at approximately $242,000.72. This represents a 18.86 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO Anthony Folger sold 15,000 shares of the business’s stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $56.30, for a total value of $844,500.00. Following the transaction, the chief financial officer now owns 44,564 shares of the company’s stock, valued at $2,508,953.20. The trade was a 25.18 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 17,482 shares of company stock worth $984,621 in the last quarter. 3.40% of the stock is owned by company insiders.

About Progress Software

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.