Progyny: Poor Year Raises Concerns For Future (Downgrade) [Seeking Alpha]
Progyny, Inc. (PGNY)
Last progyny, inc. earnings: 3/5 04:06 pm
Check Earnings Report
Company Research
Source: Seeking Alpha
12min Summary Progyny has had a rough start to the year, with the share price declining by double digits in response to both Q1'24 and Q2'24. In September, they filed an 8-K informing investors that they lost their largest client, accounting for 13% of revenue. Shares declined 30% as a result. This article reviews the year for PGNY so far, outlines why I am reluctant to pick up more shares at these depressed prices, and why the fertility space remains interesting. Morsa Images Introduction I last covered Progyny ( NASDAQ: PGNY ) in June, recommending a buy after they reported Q1'24 and the market punished the shares with a 15% decline. After reporting Q2'24 on the 6th of August, the shares declined another 19%. To top it off, management filed an 8-K report on the 18th of September announcing that their biggest client, believed to be Amazon, had elected to terminate their service agreement with PGNY. This client constituted 12-13% of total revenue and the shares dropped
Show less
Read more
Impact Snapshot
Event Time:
PGNY
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
PGNY alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
PGNY alerts
High impacting Progyny, Inc. news events
Weekly update
A roundup of the hottest topics
PGNY
News
- Why Progyny Stock Crashed Today [Yahoo! Finance]Yahoo! Finance
- Progyny, Inc. (NASDAQ: PGNY) had its price target lowered by analysts at Bank of America Co. from $22.00 to $21.00. They now have a "buy" rating on the stock.MarketBeat
- Progyny, Inc. (NASDAQ: PGNY) had its price target lowered by analysts at Canaccord Genuity Group Inc. from $18.00 to $17.00. They now have a "hold" rating on the stock.MarketBeat
- Progyny, Inc. (NASDAQ: PGNY) had its "hold" rating re-affirmed by analysts at Truist Financial Co.. They now have a $19.00 price target on the stock, down previously from $26.00.MarketBeat
- Progyny Inc (PGNY) Q3 2024 Earnings Call Highlights: Strong Client Growth Amid Utilization ... [Yahoo! Finance]Yahoo! Finance
PGNY
Earnings
- 11/12/24 - Beat
PGNY
Sec Filings
- 11/12/24 - Form 10-Q
- 11/12/24 - Form 8-K
- 11/8/24 - Form SC
- PGNY's page on the SEC website