PROG Holdings, Inc. (NYSE:PRG) Receives $53.83 Consensus Price Target from Analysts

PROG Holdings, Inc. (NYSE:PRG) has been given an average recommendation of “Buy” by the seven analysts that are presently covering the stock, Marketbeat Ratings reports. One research analyst has rated the stock with a hold recommendation, five have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month target price among brokers that have updated their coverage on the stock in the last year is $53.83.

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

Institutional Trading of PROG

A number of institutional investors and hedge funds have recently modified their holdings of PRG. Stifel Financial Corp bought a new stake in PROG in the 3rd quarter valued at $1,046,000. Moran Wealth Management LLC bought a new stake in PROG in the third quarter valued at about $3,084,000. Atom Investors LP acquired a new position in PROG in the third quarter worth about $4,979,000. FMR LLC lifted its stake in PROG by 1.3% during the third quarter. FMR LLC now owns 2,430,318 shares of the company’s stock worth $117,846,000 after purchasing an additional 30,030 shares during the period. Finally, Los Angeles Capital Management LLC acquired a new stake in PROG during the third quarter valued at approximately $1,972,000. 97.92% of the stock is currently owned by institutional investors.

PROG Stock Down 0.2 %

PRG stock opened at $42.73 on Wednesday. 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 50-day moving average of $42.74 and a two-hundred day moving average of $45.08. The stock has a market capitalization of $1.78 billion, a price-to-earnings ratio of 11.84 and a beta of 2.18. PROG has a 52-week low of $27.84 and a 52-week high of $50.28.

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.