Entering text into the input field will update the search result below

Progyny: Strong Secular Tailwind, Great Performance, Recommend Long

Aug. 21, 2023 12:38 PM ETProgyny, Inc. (PGNY)10 Comments
GS Investing profile picture
GS Investing


  • Progyny's 2Q23 results demonstrate strong performance and resilience, with revenues increasing by 43%.
  • The company is benefiting from a strong secular tailwind in the fertility benefits market and has a promising pipeline of new clients.
  • Progyny's expansion into menopause care programs and untapped markets like large self-insured employers supports future growth prospects.
Hands holding uterus, female reproductive system , woman health, PCOS, gynecologic and cervix cancer concept

Sewcream/iStock via Getty Images

Investment action

Based on my outlook and analysis of Progyny's (NASDAQ:PGNY) 2Q23 results, I recommend a buy rating given the strong performance so far, demonstrating its resilience profile against this macro backdrop, and also the strong secular tailwind that the business is enjoying. The

This article was written by

GS Investing profile picture
I consider an investment ideal if it performs its core business in a sector projected to experience structural (organic) growth in excess of GDP growth over the next 5-10 years; profits from sustainable competitive advantages that translate into attractive unit economics; In the hands of competent, ethical, and long-term thinkers; with a fair valuation

Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.

Recommended For You

Comments (10)

asg01 profile picture
Re: Officers selling

A deeper dive indicates that these gentlemen sold shares in the $40 range as the stock got ahead of itself. Each has exercised the rights to options at miniscule prices and now own far more shares than they did when they were selling.

Seems prudent to me rather than a "headwind."
rational_1998 profile picture
So why is it behaving like a dog ? Ps I own it, but really….
Assessing the Div profile picture
Thank you for your take.
So this is a services company with no product of their own?
The biggest headwind and a stock price dampener is the constant huge selling by the CEO and COO. If the company is doing so well, why are they selling as if there is no tomorrow. If they do not have the conviction, how would retail investors have
@vetri-india future stock options?
@john boy May be. But why sell at current depressed prices when their revenue and profit growth is going to be in strong double digits in just 12 months from now. And potentially they can sell it at > 20% higher prices. And may be they are thinking, i may be in some other company shortly...why hold this one....All these doubts arising in investors mind is natural ???
@vetri-india because they will get future options and can accumulate them in the future, what they sell now is like a bird in the hand, what do I really know?
Disagree with this article? Submit your own. To report a factual error in this article, . Your feedback matters to us!

About PGNY

SymbolLast Price% Chg
Market Cap
Yield (TTM)
Rev Growth (YoY)
Short Interest
Prev. Close
Compare to Peers

More on PGNY

Related Stocks

SymbolLast Price% Chg
To ensure this doesn’t happen in the future, please enable Javascript and cookies in your browser.
Is this happening to you frequently? Please report it on our feedback forum.
If you have an ad-blocker enabled you may be blocked from proceeding. Please disable your ad-blocker and refresh.