Life Planning Partners Inc Takes Position in PROG Holdings, Inc. (NYSE:PRG)

Life Planning Partners Inc bought a new position in shares of PROG Holdings, Inc. (NYSE:PRG - Free Report) during the 4th quarter, according to its most recent filing with the SEC. The institutional investor bought 29,216 shares of the company's stock, valued at approximately $1,235,000. Life Planning Partners Inc owned approximately 0.07% of PROG at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Stifel Financial Corp bought a new stake in shares of PROG in the 3rd quarter valued at about $1,046,000. Moran Wealth Management LLC purchased a new position in shares of PROG in the 3rd quarter valued at approximately $3,084,000. Atom Investors LP purchased a new position in shares of PROG in the 3rd quarter valued at approximately $4,979,000. FMR LLC raised its position in shares of PROG by 1.3% in the 3rd quarter. FMR LLC now owns 2,430,318 shares of the company's stock valued at $117,846,000 after purchasing an additional 30,030 shares during the last quarter. Finally, Los Angeles Capital Management LLC purchased a new position in shares of PROG in the 3rd quarter valued at approximately $1,972,000. 97.92% of the stock is currently owned by institutional investors.

PROG Stock Performance

PRG traded up $0.08 during trading on Tuesday, reaching $42.90. 241,081 shares of the company's stock were exchanged, compared to its average volume of 322,957. PROG Holdings, Inc. has a 1 year low of $27.84 and a 1 year high of $50.28. The company has a debt-to-equity ratio of 0.94, a current ratio of 4.97 and a quick ratio of 2.34. The stock has a market capitalization of $1.78 billion, a P/E ratio of 11.88 and a beta of 2.18. The company's fifty day simple moving average is $42.83 and its 200-day simple moving average is $45.07.

Remove Ads

Analysts Set New Price Targets

Several brokerages recently commented on PRG. Raymond James raised shares of PROG from a "market perform" rating to an "outperform" rating and set a $48.00 price objective for the company in a research report on Thursday, October 24th. TD Cowen raised shares of PROG to a "strong-buy" rating in a research report on Friday, November 29th. Finally, Stephens reissued an "overweight" rating and set a $60.00 price target on shares of PROG in a research report on Thursday, January 2nd. One research analyst has rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Buy" and an average target price of $53.83.

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.