PROG Holdings, Inc. (NYSE:PRG – Get 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.
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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