PROG Holdings, Inc. (NYSE:PRG) Receives Consensus Recommendation of “Buy” from Analysts

PROG Holdings, Inc. (NYSE:PRG) has been assigned a consensus rating of “Buy” from the seven research firms that are covering the stock, Marketbeat Ratings reports. One equities research analyst has rated the stock with a hold recommendation, five have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is $53.83.

A number of analysts have recently issued reports on PRG shares. Raymond James raised shares of PROG from a “market perform” rating to an “outperform” rating and set a $48.00 price target for the company in a research report on Thursday, October 24th. Stephens reissued an “overweight” rating and set a $60.00 target price on shares of PROG in a research note on Thursday, January 2nd. Finally, TD Cowen raised shares of PROG to a “strong-buy” rating in a research note on Friday, November 29th.

PROG Stock Down 0.2 %

Shares of PROG stock opened at $42.73 on Wednesday. PROG has a 1 year low of $27.84 and a 1 year high of $50.28. The company has a market cap of $1.78 billion, a P/E ratio of 11.84 and a beta of 2.18. The company has a current ratio of 4.97, a quick ratio of 2.34 and a debt-to-equity ratio of 0.94. The stock has a 50-day moving average price of $42.74 and a 200 day moving average price of $45.08.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. Castleark Management LLC bought a new stake in PROG in the fourth quarter worth $4,416,000. PharVision Advisers LLC bought a new stake in shares of PROG during the 4th quarter worth about $288,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in shares of PROG by 17.8% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 123,881 shares of the company’s stock valued at $5,235,000 after acquiring an additional 18,760 shares during the last quarter. Voloridge Investment Management LLC raised its stake in shares of PROG by 11.7% in the 4th quarter. Voloridge Investment Management LLC now owns 257,141 shares of the company’s stock valued at $10,867,000 after acquiring an additional 26,964 shares in the last quarter. Finally, Squarepoint Ops LLC acquired a new stake in PROG in the 4th quarter worth approximately $235,000. Institutional investors and hedge funds own 97.92% of the company’s stock.

PROG Company Profile

PROG Holdings, Inc (NYSE:PRG) is a financial technology holding company based in Salt Lake City, Utah with three business segments: Progressive Leasing, which offers lease-to-own transactions primarily to credit-challenged consumers through e-commerce and point-of-sale retail partners, via online, mobile, and in-store solutions; Vive Financial, which provides consumers who may not qualify for traditional prime lending with a variety of second-look, revolving credit products through private label and branded credit cards; and Four Technologies, which provides consumers of all credit backgrounds Buy Now, Pay Later (BNPL) options through four interest-free installments via its platform, Four.