Progress Software (NASDAQ:PRGS) Lifted to Hold at ValuEngine – MarketBeat

Progress Software (NASDAQ:PRGS) was upgraded by analysts at ValuEngine from a “sell” rating to a “hold” rating in a research note issued on Tuesday, ValuEngine reports.

A number of other equities research analysts also recently commented on the company. BidaskClub raised Progress Software from a “hold” rating to a “buy” rating in a research report on Friday, December 25th. Zacks Investment Research raised Progress Software from a “hold” rating to a “buy” rating and set a $44.00 price objective for the company in a research report on Tuesday, October 27th. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average target price of $44.00.

Progress Software stock opened at $44.49 on Tuesday. The company has a debt-to-equity ratio of 0.74, a quick ratio of 1.41 and a current ratio of 1.41. The stock has a fifty day moving average of $41.92 and a two-hundred day moving average of $38.37. The company has a market capitalization of $2.01 billion, a price-to-earnings ratio of 35.59 and a beta of 1.02. Progress Software has a fifty-two week low of $28.09 and a fifty-two week high of $52.50.

In related news, SVP Gary Quinn sold 7,116 shares of Progress Software stock in a transaction on Monday, October 12th. The stock was sold at an average price of $40.32,
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