Why Progyny Stock Crashed Today [Yahoo! Finance]
Progyny, Inc. (PGNY)
Last progyny, inc. earnings: 3/5 04:06 pm
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Source: Yahoo! Finance
The upstart healthcare company reported its results for the third quarter yesterday, missing analysts' expectations on the top line, delivering only 2% growth during the third quarter. Making matters worse, Progyny didn't assuage the market's fears by guiding for Q4 sales growth of only 1.5% at the midpoint, prompting many Wall Street experts to lower their price targets on the stock Start Your Mornings Smarter! Wake up with Breakfast news in your inbox every market day. Sign Up For Free » During the third quarter, Progyny grew its member count by a promising 19% to 6.4 million lives covered. However, due to sequentially lower utilization rates between Q2 and Q3 -- which CEO Peter Anevski says the company has never seen before -- the company's revenue growth was nowhere near expectations. The loss of one of its largest customers (believed to be Amazon ) also played a role in this sales miss, but management believes it only accounted for 1.4 percentage points' worth of the decli
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PGNY
News
- Progyny, Inc. (NASDAQ: PGNY) had its price target lowered by analysts at Barclays PLC from $30.00 to $17.00. They now have an "overweight" rating on the stock.MarketBeat
- Progyny, Inc. to Present at Jefferies London Healthcare ConferenceGlobeNewswire
- Progyny Third Quarter 2024 Earnings: Misses Expectations [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
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