Financial Comparison: Progyny (PGNY) and Its Peers

Progyny (NASDAQ: PGNY) is one of 27 public companies in the “Miscellaneous health & allied services, not elsewhere classified” industry, but how does it compare to its competitors? We will compare Progyny to similar companies based on the strength of its risk, dividends, profitability, institutional ownership, valuation, earnings and analyst recommendations.

Insider & Institutional Ownership

81.5% of Progyny shares are held by institutional investors. Comparatively, 43.2% of shares of all “Miscellaneous health & allied services, not elsewhere classified” companies are held by institutional investors. 33.3% of Progyny shares are held by company insiders. Comparatively, 26.4% of shares of all “Miscellaneous health & allied services, not elsewhere classified” companies are held by company insiders. Strong institutional ownership is an indication that hedge funds, large money managers and endowments believe a company will outperform the market over the long term.

Profitability

This table compares Progyny and its competitors’ net margins, return on equity and return on assets.

Net Margins Return on Equity Return on Assets
Progyny 14.97% 17.31% 11.16%
Progyny Competitors -39.15% 16.05% -9.95%

Risk and Volatility

Progyny has a beta of 1.82, indicating that its stock price is 82% more volatile than the S&P 500. Comparatively, Progyny’s competitors have a beta of 7.07, indicating that their average stock price is 607% more volatile than the S&P 500.

Valuation and Earnings

This table compares Progyny and its competitors revenue, earnings per share (EPS) and valuation.

Gross Revenue Net Income Price/Earnings Ratio
Progyny $344.86 million $46.46 million 355.56
Progyny Competitors $1.94 billion $96.17 million 42.17

Progyny’s competitors have higher revenue and earnings than Progyny. Progyny is trading at a higher price-to-earnings ratio than its competitors, indicating that it is currently more expensive than other companies in its industry.

Analyst Recommendations

This is a breakdown of current ratings and price targets for Progyny and its competitors, as reported by MarketBeat.

Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score
Progyny 0 1 5 0 2.83
Progyny Competitors 92 389 536 15 2.46

Progyny presently has a consensus price target of $43.40, suggesting a potential downside of 32.19%. As a group, “Miscellaneous health & allied services, not elsewhere classified” companies have a potential upside of 19.40%. Given Progyny’s competitors higher possible upside, analysts clearly believe Progyny has less favorable growth aspects than its competitors.

Summary

Progyny beats its competitors on 8 of the 13 factors compared.

Progyny Company Profile

Progyny, Inc., a benefits management company, specializes in fertility and family building benefits solutions for employers in the United States. Its fertility benefits solution includes differentiated benefits plan design, personalized concierge-style member support services, and selective network of fertility specialists. The company also offers Progyny Rx, an integrated pharmacy benefits solution that provides its members with access to the medications needed during their treatment. In addition, it provides surrogacy and adoption reimbursement programs for employers. The company was formerly known as Auxogyn, Inc. and changed its name to Progyny, Inc. in 2015. Progyny, Inc. was incorporated in 2008 and is headquartered in New York, New York.

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