PROG Holdings, Inc. (NYSE:PRG) Receives Consensus Rating of "Buy" from Analysts

Shares of PROG Holdings, Inc. (NYSE:PRG - Get Free Report) have received an average recommendation of "Buy" from the seven analysts that are covering the stock, Marketbeat reports. One investment analyst has rated the stock with a hold recommendation, five have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month price objective among brokerages that have updated their coverage on the stock in the last year is $53.83.

Several research firms have recently commented on PRG. Raymond James upgraded shares of PROG from a "market perform" rating to an "outperform" rating and set a $48.00 price target on the stock in a report on Thursday, October 24th. TD Cowen upgraded shares of PROG to a "strong-buy" rating in a report on Friday, November 29th. Finally, Stephens restated an "overweight" rating and set a $60.00 price target on shares of PROG in a report on Thursday, January 2nd.

PROG Trading Down 1.8 %

NYSE PRG traded down $0.79 on Wednesday, hitting $42.74. 504,150 shares of the stock were exchanged, compared to its average volume of 280,312. PROG has a 52-week low of $27.84 and a 52-week 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 company has a market capitalization of $1.78 billion, a price-to-earnings ratio of 11.84 and a beta of 2.18. The company's 50-day moving average price is $42.92 and its two-hundred day moving average price is $45.08.

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Institutional Investors Weigh In On PROG

Large investors have recently bought and sold shares of the business. Assenagon Asset Management S.A. acquired a new position in PROG during the 3rd quarter worth $19,079,000. Allianz Asset Management GmbH increased its stake in PROG by 36.8% in the fourth quarter. Allianz Asset Management GmbH now owns 779,716 shares of the company's stock valued at $32,951,000 after acquiring an additional 209,805 shares during the period. Marshall Wace LLP grew its stake in PROG by 2,008.0% during the fourth quarter. Marshall Wace LLP now owns 178,550 shares of the company's stock worth $7,546,000 after buying an additional 170,080 shares during the last quarter. Great Lakes Advisors LLC grew its stake in PROG by 170.7% during the fourth quarter. Great Lakes Advisors LLC now owns 248,964 shares of the company's stock worth $10,521,000 after buying an additional 157,006 shares during the last quarter. Finally, Norges Bank bought a new stake in PROG during the fourth quarter worth about $6,093,000. 97.92% of the stock is currently owned by institutional investors.

About PROG

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.