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Stock impact report

Progyny: Market Underappreciating Excellent Quarter [Seeking Alpha]

Progyny, Inc. (PGNY) 
Last progyny, inc. earnings: 3/5 04:06 pm Check Earnings Report
Company Research Source: Seeking Alpha
Progyny has a significant market opportunity with 8,000 self-insured employers and potential for 75 to 100 million covered lives. The company's financials are strong, with revenue growth of 37% in Q3 2023 and a healthy balance sheet. I first covered Progyny ( NASDAQ: PGNY ) roughly a year ago when I gave the company a “Buy” rating and clearly stated my belief that the company would be long-term winner. Since that time the stock is up by less than 3%, and year-to-date Progyny is only up 4% which far below the S&P. Nonetheless, after reviewing the company's Q3 2023 results, I still firmly believe this is great organization which will reward long-term investors. Let's dig in the details! Market Opportunity and New Clients Going back to the company's most recent 10K statement, Progyny believes in the United States there are roughly 8,000 self-insured employers. Of these 8,000 employers they believe that represents the potential for approximately 75 to 100 million covered live Show less Read more
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