PROG (NYSE:PRG) Shares Gap Down to $23.98

PROG Holdings, Inc. (NYSE:PRGGet Rating) shares gapped down before the market opened on Thursday . The stock had previously closed at $23.98, but opened at $22.20. PROG shares last traded at $18.04, with a volume of 23,048 shares traded.

Several equities analysts have weighed in on the company. KeyCorp cut their target price on PROG from $64.00 to $55.00 and set an “overweight” rating on the stock in a report on Thursday, February 24th. Raymond James decreased their price target on shares of PROG from $55.00 to $42.00 and set an “outperform” rating for the company in a report on Thursday, February 24th.

The business’s fifty day moving average price is $27.20 and its 200-day moving average price is $33.97. The company has a debt-to-equity ratio of 0.93, a quick ratio of 1.37 and a current ratio of 3.35. The stock has a market cap of $904.14 million, a PE ratio of 6.17, a P/E/G ratio of 0.92 and a beta of 1.87.

PROG (NYSE:PRGGet Rating) last posted its quarterly earnings data on Wednesday, April 27th. The company reported $0.57 EPS for the quarter, missing the consensus estimate of $0.74 by ($0.17). PROG had a net margin of 7.17% and a return on equity of 24.37%. The firm had revenue of $710.46 million during the quarter, compared to analyst estimates of $719.20 million. During the same period in the prior year, the company posted $1.22 earnings per share. The firm’s revenue for the quarter was down 1.5% compared to the same quarter last year. Analysts forecast that PROG Holdings, Inc. will post 3.34 earnings per share for the current fiscal year.

Several institutional investors have recently modified their holdings of the company. JJJ Advisors Inc. grew its position in shares of PROG by 35.2% in the fourth quarter. JJJ Advisors Inc. now owns 1,499 shares of the company’s stock valued at $68,000 after purchasing an additional 390 shares during the last quarter. Brandywine Oak Private Wealth LLC boosted its position in PROG by 8.2% in the fourth quarter. Brandywine Oak Private Wealth LLC now owns 5,702 shares of the company’s stock valued at $271,000 after buying an additional 432 shares in the last quarter. Diversified Trust Co raised its stake in PROG by 7.6% during the fourth quarter. Diversified Trust Co now owns 6,202 shares of the company’s stock worth $280,000 after buying an additional 439 shares during the last quarter. Dupont Capital Management Corp grew its holdings in PROG by 3.3% in the fourth quarter. Dupont Capital Management Corp now owns 18,034 shares of the company’s stock worth $814,000 after purchasing an additional 571 shares during the period. Finally, Life Planning Partners Inc acquired a new position in shares of PROG during the fourth quarter valued at about $31,000. 95.47% of the stock is owned by institutional investors and hedge funds.

PROG Company Profile (NYSE:PRG)

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.

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