How to Buy Progress Software Stock
Progress Software Corp
Progress Software Corporation develops, deploys, and manages business applications. The company offers OpenEdge, a development software, which builds multi-language applications for secure deployment across various platforms and devices, as well as cloud; developer tools that consists of components for user interface development for Web, mobile, desktop, chat, and AR/VR apps, as well as automated application testing and reporting tools; Sitefinity, a web content management and customer analytics platform; Corticon, a business rules management system that provides applications with decision automation and change process, and decision-related insight capabilities.
Progress Software stock last closed at $54.83, down 2.09% from the previous day, and has increased 7.11% in one year. It has overperformed other stocks in the Software - Application industry by 0.23 percentage points. Progress Software stock is currently +14.23% from its 52-week low of $48.00, and -22.29% from its 52-week high of $70.56.
As of Apr 21, 2025, there are 43.03M shares of PRGS outstanding. The market capitalization of PRGS is $2.36B. In the last 24 hours, 399,261 PRGS shares were traded.
How to Buy Progress Software Stock
Not sure how to invest in Progress Software stock? Here's how.
- Decide where to buy Progress Software stock: You need to decide on a stock brokerage, but don't worry - we've sifted through dozens of online brokerages and apps to help you decide where to buy Progress Software stock.
- Sign up for a brokerage account: Sign up for 0% fee trading with the highest-rated brokerage we've selected.
- Fund your brokerage account: Select your payment method and add your details.
- Analyze Progress Software stock: The Progress Software ticker symbol is PRGS. Is Progress Software stock a good investment? Should you buy shares of PRGS? How do PRGS's underlying business fundamentals look? Do top analysts think Progress Software is a good buy? Why has PRGS's stock price moved recently? (Hint: Our stock market research website can help you evaluate if PRGS is a good stock to buy).
- Place your PRGS purchase: Decide if you will purchase PRGS shares at the current market price or use a limit order to purchase PRGS shares at a particular price.
- Get the latest news on your PRGS investment: Create a watchlist to keep track of your position in Progress Software shares.
Step 1: Decide where to buy Progress Software stock
You need a brokerage account to access the NASDAQ market and buy PRGS shares.
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Open eToro AccountStep 2: Sign up for a brokerage account
Now that you've picked your brokerage, the next step is to fill out some personal information so you can buy PRGS today.
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- Click here to get started.eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
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Step 3: Fund your brokerage account
Now that you've finished signing up on the best stock buying app, you need to deposit funds:
Watch this video walkthrough for more details transferring money into your new brokerage account.
Step 4: Analyze Progress Software stock
After you have chosen the best place to buy Progress Software stock, it's very important to analyze their stock prior to buying, so you can comprehend the risk as well as the upside.
Progress Software shares quick numbers
Progress Software Overview
WallStreetZen was built to help part-time investors do more accurate fundamental analysis.
You can see all of the due diligence checks on PRGS's stock page.
Is PRGS stock undervalued or overvalued?
You can use many financial metrics, analyses, models, and charts to gauge PRGS's true value.
Using relative valuations methods:
- PRGS could be undervalued based on its P/E ratio of 41.85x, relative to Software - Application industry P/E ratio of 107.02x
- PRGS could be undervalued based on its P/B ratio of 5.46x, relative to Software - Application industry P/B ratio of 6.17x
- PRGS may be undervalued based on its PEG ratio of 0.51x
You can do more valuation analysis on PRGS's stock here.
PRGS Financial Health
Negative Health Checks:
- PRGS earnings of $123.06M is not sufficient to cover its interest payments.
- There are more long-term liabilities than short-term assets on the PRGS balance sheet.
- There are more short-term liabilities than short-term assets on the PRGS balance sheet.
- PRGS's operating cash flow of $209.94M allows it to safely service it's debt of $1.53B.
- Total PRGS debt is higher than 5 years ago, relative to shareholder equity.
- PRGS profit margin has gone down from 9.7% to 7% in the past year.
- PRGS has a relatively high debt to equity ratio of 4.7.
Is Progress Software stock a Buy, Hold, or Sell, according to analysts?
Out of 6 sell side analysts who track PRGS, the consensus analyst rating on PRGS is a Buy
Please note that analyst forecasts are not recommendations, nor are they financial advice.
Most Recent PRGS Analyst Ratings
Ittai Kidron, a top 10% analyst from Oppenheimer maintains PRGS with a buy rating and raises their PRGS price target from $70.00 to $80.00, on Oct 22, 2024.
You can dive deeper into what analysts are forecasting on the Progress Software stock forecast page.
PRGS Trading Indicators
PRGS Revenue
Last year, PRGS earnings were $56.75M. Over the past five year, PRGS's earnings have increased by 9.29% per year. This was slower than the Software - Application industry average of 74.23%.
Last year, PRGS revenue was $806.74M. In the last 5 year, PRGS's revenue has grown by 13.23% per year. This was slower than the Software - Application industry average of 21.43%.
Dig into PRGS's earnings and revenue performance here.
Are PRGS insiders buying or selling the stock?
In the last year, executives and large shareholders at PRGS have sold more shares than they have bought.
Ian Pitt, Chief Information Officer of PRGS, was the latest PRGS insider to sell. They sold $39,571.87 worth of PRGS shares on Apr 4, 2025.
Get more info about who owns PRGS shares here.
Can I get consistent income from PRGS stock?
No, Progress Software doesn't provide an income stream by paying out dividends.
What do other traders have to say about PRGS?
One of the reasons eToro is our favorite brokerage is because of its social trading community.
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Step 5: Place your PRGS purchase
There are two primary options:
- Market order: A market order is an order to buy or sell a security at the best price on the market.
Market orders are mostly sufficient. - Limit order: A limit order lets you buy or sell a security at a specific price (or better).
If you want to make sure you're buying or selling at a given dollar amount limit, use a limit order.
Click the Open Trade button and your broker will execute your order.
If you want additional help with buying stocks on eToro, watch the helpful video below:
Step 6: Get the latest news on your PRGS investment
Now that you own some shares in PRGS, you'll want to keep up with your new investment.
Start a watchlist to monitor your PRGS stock.
PRGS Feed
How to Buy Stock in Progress Software
To reiterate, here are the 6 steps you need to take to buy Progress Software stock right now:
- Decide where to buy Progress Software stock
- Sign up for a brokerage account
- Fund your brokerage account
- Analyze Progress Software stock
- Place your PRGS purchase
- Get the latest news on your PRGS investment
If you need a online brokerage, eToro is our favorite option.
Get Started with eToro TodayIf you would like to get the latest news on your new investment in Progress Software, create your watchlist below.
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