Investors might want to bet on Progyny (PGNY) , as it has been recently upgraded to a Zacks Rank #2 (Buy). This upgrade is essentially a reflection of an upward trend in earnings estimates -- one of the most powerful forces impacting stock prices.The sole determinant of the Zacks rating is a company's changing earnings picture. The Zacks Consensus Estimate -- the consensus of EPS estimates from the sell-side analysts covering the stock -- for the current and following years is tracked by the system.Since a ...

Is the CEO's latest purchase a buy signal for investors?Peter Anevski, Chief Executive Officer of Progyny (PGNY 1.27%), purchased 79,500 shares in the open market on Nov. 13, 2025, as disclosed in a SEC Form 4 filing.Transaction summaryMetricValueShares traded79,500Transaction value~$1.9 millionPost-transaction shares680,251Post-transaction value (direct ownership)~$16.6 millionTransaction value based on SEC Form 4 weighted average purchase price ($24.29); post-transaction value based on Nov. 13, 2025, mark ...

Core Viewpoint - Growth stocks are appealing due to their potential for above-average financial growth, but identifying the right ones involves significant challenges and risks [1] Group 1: Growth Stock Identification - The Zacks Growth Style Score simplifies the process of identifying promising growth stocks by analyzing real growth prospects beyond traditional metrics [2] - Progyny (PGNY) is currently highlighted as a recommended growth stock, featuring a favorable Growth Score and a top Zacks Rank [2] Group 2: Earnings Growth - Earnings growth is a critical factor for growth investors, with double-digit growth being particularly desirable as it indicates strong future prospects [4] - Progyny has a historical EPS growth rate of 15.2%, but projected EPS growth for this year is expected to be 500%, significantly surpassing the industry average of 14.6% [5] Group 3: Asset Utilization - The asset utilization ratio, or sales-to-total-assets (S/TA) ratio, is an important metric for assessing efficiency in growth investing [6] - Progyny's S/TA ratio stands at 1.75, indicating that the company generates $1.75 in sales for every dollar in assets, compared to the industry average of 0.76 [6] Group 4: Sales Growth - Sales growth is another key indicator, with Progyny expected to achieve a sales growth rate of 9.2% this year, while the industry average is projected at 0% [7] Group 5: Earnings Estimate Revisions - Trends in earnings estimate revisions are correlated with stock price movements, making them a valuable indicator for investors [8] - Progyny's current-year earnings estimates have been revised upward, with the Zacks Consensus Estimate increasing by 8% over the past month [9] Group 6: Overall Positioning - Progyny has achieved a Zacks Rank of 2 due to positive earnings estimate revisions and has earned a Growth Score of A based on several favorable metrics [11] - This combination positions Progyny well for potential outperformance, making it an attractive option for growth investors [11]

Core Insights - The research conducted by Progyny highlights that 75% of men view fertility as a shared responsibility, yet only 46% of men with fertility issues seek support due to stigma and other barriers [1][2][3] Group 1: Research Findings - The study involved over 1,000 U.S. men aged 18-55, revealing that while men recognize fertility as a shared issue, social stigma, financial stress, and fear of serious health diagnoses hinder them from seeking care [2][4] - Male factors contribute to nearly half of infertility cases, indicating that addressing men's health in fertility discussions can lead to better long-term health outcomes [5] - Key barriers preventing men from seeking fertility treatment include fear of diagnosis (64%), financial stress (56%), and embarrassment (48%) [7] Group 2: Impact on Employers - Trust is crucial in healthcare; 70% of men seeking fertility information first consult their primary care doctor or nurse, while only 21% would trust their employer for fertility information [6][7] - Employers have an opportunity to enhance credibility by offering transparent and comprehensive fertility benefits, which can include family-building benefits and normalizing conversations around men's fertility [8][9] Group 3: Men's Health Awareness - A significant majority of men (82%) feel comfortable discussing fertility with their partners, which has strengthened their relationships [7] - Despite high awareness, action is lacking; less than half of men with fertility-related conditions have consulted a doctor, even though 80% had a primary care provider before trying to conceive [7] - Many men (56%) have made proactive lifestyle changes in response to understanding the link between male infertility and overall health [7]

Core Insights - Progyny (PGNY) is recognized as the leading provider of fertility benefits for employees in the US, experiencing a recent surge in stock price from $18.01 due to a series of positive news releases [1] Company Overview - Progyny specializes in offering fertility benefits, positioning itself as a key player in the employee benefits sector [1] Stock Performance - The stock price of Progyny has increased significantly, reflecting positive market sentiment and investor confidence [1]

Core Insights - Progyny, Inc. (PGNY) is recognized as the leading provider of fertility benefits for employees in the US, with recent positive news contributing to an increase in stock price from $18.01 [1] Company Overview - Progyny specializes in offering fertility benefits, positioning itself as a key player in the US market [1] Stock Performance - The stock price of PGNY has seen a notable rise due to a series of favorable news releases [1]

Core Insights - Progyny is a leader in fertility benefits, providing comprehensive, outcomes-based solutions that enhance treatment success and manage costs, distinguishing itself in a rapidly expanding healthcare niche [2] - The stock has significantly outperformed competitors with a 90% return over the last year, indicating strong market confidence in its future earnings potential [3] Revenue Growth - Progyny achieved an impressive revenue growth of 11.41% over the last twelve months (LTM), which is higher than most competitors, reflecting strong demand for its fertility benefits [2] - Despite this growth, GMED shows superior growth rates compared to Progyny [2] Profitability Metrics - Progyny's free cash flow margins stand at 15.25% LTM, showcasing competitive performance [2] - The operating margin for Progyny is 6.77% LTM, which is lower than larger competitors like Stryker (19.6%), indicating a less profitable service model compared to device sales [2] - The operating margin of Progyny is slightly higher at 6.8%, but still lags behind its peers [3] Valuation - Progyny's price-to-earnings (P/E) ratio is 40.78, which is considered moderate to high, suggesting limited upside potential if growth slows down [2] - The stock has realized a gain of 94.8%, indicating strong market expectations for its future performance [3]

Summary of Progyny's Conference Call Company Overview - **Company**: Progyny - **Industry**: Fertility benefits and women's health services - **Position**: Leading provider of fertility benefits in the U.S. with a focus on managing the fertility process from start to finish [3][4] Key Points and Arguments Market and Growth Potential - **Addressable Market**: Progyny targets an addressable market of 106 million lives in the U.S., focusing on employers with 1,000 or more employees [5] - **Current Penetration**: As of 2026, Progyny expects to cover approximately 7.6 million lives, indicating a penetration rate in the high single digits within the fertility marketplace [6] - **Client Base**: The company has added 900,000 lives in the last selling season, with a goal of adding at least 1 million lives annually [8][11] - **Expansion Plans**: Progyny is entering the small and middle-market employer sector, which could increase their total addressable market by 50 million lives, representing a 50% increase [10] Utilization and Demand - **Utilization Trends**: Utilization rates have remained stable over time, with a significant rebound observed post-COVID when clinics reopened [12][14][16] - **Member Engagement**: Fertility benefits are a top priority for millennials, with many indicating they would switch jobs for better fertility benefits [12][13] Financial Performance and Strategy - **Cash Flow and Capital Deployment**: Progyny has $345 million in cash and cash equivalents and a $200 million line of credit, allowing for flexibility in capital deployment [34] - **Investment Focus**: The company plans to invest in expanding its platform, enhancing go-to-market resources, and pursuing strategic acquisitions [33] Regulatory Environment and Industry Dynamics - **Impact of Legislation**: Recent executive orders aimed at increasing access to IVF and fertility treatments are seen as positive for the industry, potentially expanding access and affordability [26][31] - **IVF Drug Coverage**: The company does not anticipate a significant impact on its covered business from recent changes in drug coverage policies [26][27] New Product Offerings - **Expansion into Women's Health**: Progyny is introducing new products related to menopause and postpartum care, with expectations that these will contribute 8% to 10% of revenue by 2028 [38][42] Other Important Insights - **Client Retention**: Progyny has maintained a near 100% renewal rate, indicating strong client satisfaction and trust [22][23] - **Market Awareness**: There is growing awareness and demand for women's health services, particularly around menopause, which Progyny aims to capitalize on [43] Conclusion - **Investment Thesis**: The company is optimistic about its growth trajectory, driven by strong demand for fertility benefits, stable utilization rates, and strategic expansion into new markets and product lines [44]

Core Viewpoint - Progyny (PGNY) has shown strong stock performance, with a 36.6% increase over the past month and a 55.5% rise since the beginning of the year, outperforming the Zacks Medical sector and Medical Services industry [1][2]. Financial Performance - Progyny has consistently exceeded earnings expectations, reporting an EPS of $0.45 against a consensus estimate of $0.39 in its last earnings report [2]. - For the current fiscal year, Progyny is projected to achieve earnings of $1.8 per share on revenues of $1.27 billion, reflecting a 9.76% increase in EPS and a 9.16% increase in revenues [3]. - The next fiscal year forecasts earnings of $1.93 per share on revenues of $1.39 billion, indicating year-over-year changes of 7.22% and 9.24%, respectively [3]. Valuation Metrics - Progyny's current valuation metrics show a trading multiple of 14.9X current fiscal year EPS estimates, aligning with the peer industry average [7]. - The stock trades at a trailing cash flow multiple of 77.7X, significantly higher than the peer group's average of 9.6X, and has a PEG ratio of 0.9 [7]. Zacks Rank and Style Scores - Progyny holds a Zacks Rank of 2 (Buy), supported by rising earnings estimates, making it a suitable choice for investors [8]. - The stock has a Value Score of B, a Growth Score of A, and a Momentum Score of F, resulting in a combined VGM Score of B [6][8]. Competitive Landscape - Cencora, Inc. (COR) is a notable peer in the industry, also holding a Zacks Rank of 2 (Buy) with strong earnings performance and a forward P/E of 20.71X [9][10]. - The Medical Services industry, while ranking in the bottom 56% of all industries, still presents favorable conditions for both Progyny and Cencora [11].

Core Viewpoint - The comparison between Progyny (PGNY) and HealthEquity (HQY) indicates that PGNY is currently more attractive to value investors due to its stronger earnings estimate revisions and better valuation metrics [1][3][7]. Valuation Metrics - PGNY has a forward P/E ratio of 13.82, while HQY has a forward P/E of 25.75, suggesting PGNY is undervalued compared to HQY [5]. - PGNY's PEG ratio is 0.83, indicating a more favorable valuation relative to its expected earnings growth, whereas HQY's PEG ratio is 1.19 [5]. - The P/B ratio for PGNY is 3.75, compared to HQY's P/B of 3.99, further supporting PGNY's superior valuation metrics [6]. Analyst Outlook - PGNY holds a Zacks Rank of 2 (Buy), reflecting a positive earnings estimate revision trend, while HQY has a Zacks Rank of 3 (Hold), indicating a less favorable outlook [3][7]. - The stronger estimate revision activity for PGNY suggests a more optimistic analyst outlook compared to HQY [7]. Value Grades - PGNY has been assigned a Value grade of B, while HQY has a Value grade of D, highlighting PGNY's better performance in key valuation metrics [6].