Life Planning Partners Inc Invests $1.24 Million in PROG Holdings, Inc. (NYSE:PRG)

Life Planning Partners Inc purchased a new position in shares of PROG Holdings, Inc. (NYSE:PRG) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 29,216 shares of the company’s stock, valued at approximately $1,235,000. Life Planning Partners Inc owned approximately 0.07% of PROG as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Stifel Financial Corp bought a new position in shares of PROG during the 3rd quarter worth approximately $1,046,000. Moran Wealth Management LLC bought a new position in shares of PROG during the 3rd quarter worth approximately $3,084,000. Atom Investors LP bought a new position in shares of PROG during the 3rd quarter worth approximately $4,979,000. FMR LLC grew its stake in shares of PROG by 1.3% in the third quarter. FMR LLC now owns 2,430,318 shares of the company’s stock valued at $117,846,000 after buying an additional 30,030 shares in the last quarter. Finally, Los Angeles Capital Management LLC bought a new position in shares of PROG in the third quarter valued at $1,972,000. 97.92% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms recently weighed in on PRG. Stephens reissued an “overweight” rating and issued a $60.00 target price on shares of PROG in a research note on Thursday, January 2nd. Raymond James raised shares of PROG from a “market perform” rating to an “outperform” rating and set a $48.00 target price for the company in a research note on Thursday, October 24th. Finally, TD Cowen raised shares of PROG to a “strong-buy” rating in a research note on Friday, November 29th. One investment analyst has rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus target price of $53.83.

PROG Trading Down 1.8 %

Shares of PROG stock opened at $42.74 on Friday. The business has a fifty day simple moving average of $42.92 and a two-hundred day simple moving average of $45.09. PROG Holdings, Inc. has a 1 year low of $27.84 and a 1 year high of $50.28. 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 has a debt-to-equity ratio of 0.94, a current ratio of 4.97 and a quick ratio of 2.34.

PROG Profile

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.