PROG (NYSE:PRG – Get Free Report) had its target price raised by TD Cowen from $38.00 to $40.00 in a report released on Thursday, Benzinga reports. The firm currently has a “buy” rating on the stock. TD Cowen’s target price points to a potential upside of 17.73% from the stock’s current price.
Separately, Stephens upgraded PROG from an “equal weight” rating to an “overweight” rating in a report on Tuesday, January 2nd. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat, PROG currently has an average rating of “Moderate Buy” and a consensus price target of $39.60.
Read Our Latest Report on PROG
PROG Stock Down 2.7 %
PROG (NYSE:PRG – Get Free Report) last announced its quarterly earnings results on Wednesday, April 24th. The company reported $0.91 EPS for the quarter, beating analysts’ consensus estimates of $0.83 by $0.08. PROG had a return on equity of 26.67% and a net margin of 4.71%. The company had revenue of $641.87 million during the quarter, compared to analysts’ expectations of $632.24 million. As a group, sell-side analysts anticipate that PROG will post 2.86 earnings per share for the current fiscal year.
Institutional Trading of PROG
A number of large investors have recently bought and sold shares of the business. New Mexico Educational Retirement Board acquired a new stake in PROG during the 1st quarter worth about $482,000. Guidance Capital Inc. acquired a new stake in PROG during the 1st quarter worth about $461,000. DGS Capital Management LLC grew its holdings in PROG by 11.9% during the 1st quarter. DGS Capital Management LLC now owns 46,398 shares of the company’s stock worth $1,598,000 after acquiring an additional 4,920 shares during the period. Quadrature Capital Ltd acquired a new stake in shares of PROG in the 4th quarter valued at about $363,000. Finally, Vanguard Group Inc. grew its stake in shares of PROG by 1.9% in the 4th quarter. Vanguard Group Inc. now owns 5,638,231 shares of the company’s stock valued at $174,278,000 after buying an additional 105,101 shares during the period. 97.92% of the stock is currently owned by institutional investors and hedge funds.
PROG Company 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.
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