A number of other brokerages have also issued reports on PRG. Raymond James lowered PROG from an outperform rating to a market perform rating in a research note on Friday, June 17th. KeyCorp reduced their target price on PROG from $50.00 to $40.00 and set an overweight rating for the company in a research note on Friday, June 17th.
Shares of PRG stock opened at $17.13 on Monday. The firm has a market capitalization of $925.76 million, a price-to-earnings ratio of 5.79, a price-to-earnings-growth ratio of 0.76 and a beta of 1.87. The company has a debt-to-equity ratio of 0.93, a current ratio of 3.35 and a quick ratio of 1.37. The business has a fifty day moving average of $25.91 and a 200 day moving average of $32.77. PROG has a 1 year low of $15.62 and a 1 year high of $50.79.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of PROG by 38.2% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 8,941 shares of the company’s stock valued at $403,000 after buying an additional 2,470 shares during the last quarter. Marshall Wace LLP raised its stake in shares of PROG by 313.1% during the 4th quarter. Marshall Wace LLP now owns 350,096 shares of the company’s stock valued at $15,793,000 after buying an additional 265,342 shares during the last quarter. Vulcan Value Partners LLC raised its stake in shares of PROG by 34.6% during the 4th quarter. Vulcan Value Partners LLC now owns 2,063,667 shares of the company’s stock valued at $93,092,000 after buying an additional 530,587 shares during the last quarter. Comerica Bank raised its stake in shares of PROG by 4.5% during the 3rd quarter. Comerica Bank now owns 323,695 shares of the company’s stock valued at $15,197,000 after buying an additional 14,086 shares during the last quarter. Finally, Okabena Investment Services Inc. purchased a new position in shares of PROG during the 4th quarter valued at about $114,000. Institutional investors and hedge funds own 95.47% of the company’s stock.
PROG Company Profile (Get Rating)
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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