PROG (NYSE:PRG) Stock Rating Lowered by Wall Street Zen

PROG (NYSE:PRG) was downgraded by Wall Street Zen from a “strong-buy” rating to a “buy” rating in a report released on Sunday, Wall Street Zen reports.

Several other research firms have also issued reports on PRG. KeyCorp lifted their price objective on PROG from $45.00 to $50.00 and gave the company an “overweight” rating in a research note on Thursday, July 30th. B. Riley Financial upped their target price on PROG from $57.00 to $64.00 and gave the stock a “buy” rating in a research note on Thursday, July 30th. TD Cowen raised their price target on PROG from $45.00 to $50.00 and gave the company a “buy” rating in a report on Tuesday, July 7th. Loop Capital downgraded PROG from a “buy” rating to a “hold” rating and set a $48.00 price target for the company. in a research report on Wednesday, July 1st. Finally, Weiss Ratings raised PROG from a “hold (c)” rating to a “hold (c+)” rating in a report on Wednesday, June 24th. One investment analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat, PROG currently has a consensus rating of “Moderate Buy” and an average price target of $49.44.

PROG Stock Performance

PROG stock opened at $39.37 on Friday. PROG has a 1-year low of $25.80 and a 1-year high of $47.73. The company has a current ratio of 4.03, a quick ratio of 2.29 and a debt-to-equity ratio of 1.10. The firm has a market capitalization of $1.57 billion, a PE ratio of 10.88 and a beta of 1.76. The firm’s 50 day simple moving average is $42.72 and its 200 day simple moving average is $36.91.

PROG (NYSE:PRG) last announced its quarterly earnings results on Wednesday, July 29th. The fintech holding company reported $1.19 EPS for the quarter, beating the consensus estimate of $0.95 by $0.24. The firm had revenue of $719.72 million during the quarter, compared to the consensus estimate of $713.50 million. PROG had a net margin of 5.57% and a return on equity of 21.88%. PROG has set its Q3 2026 guidance at 1.000-1.200 EPS and its FY 2026 guidance at 4.750-5.000 EPS. As a group, analysts expect that PROG will post 4.95 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, CAO George M. Sewell sold 2,000 shares of the company’s stock in a transaction dated Wednesday, August 5th. The stock was sold at an average price of $45.53, for a total value of $91,060.00. Following the completion of the transaction, the chief accounting officer directly owned 28,385 shares in the company, valued at approximately $1,292,369.05. This represents a 6.58% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Michael King sold 1,070 shares of the stock in a transaction dated Wednesday, August 5th. The shares were sold at an average price of $46.00, for a total value of $49,220.00. Following the transaction, the insider owned 60,825 shares in the company, valued at $2,797,950. This trade represents a 1.73% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 4,000 shares of company stock worth $183,060. 3.72% of the stock is owned by insiders.

Institutional Trading of PROG

A number of hedge funds have recently bought and sold shares of the company. Envestnet Portfolio Solutions Inc. raised its stake in shares of PROG by 2.7% during the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 13,199 shares of the fintech holding company’s stock worth $389,000 after acquiring an additional 344 shares in the last quarter. HB Wealth Management LLC boosted its stake in shares of PROG by 1.7% in the 1st quarter. HB Wealth Management LLC now owns 21,470 shares of the fintech holding company’s stock valued at $616,000 after purchasing an additional 359 shares in the last quarter. GAMMA Investing LLC boosted its stake in shares of PROG by 19.2% in the 2nd quarter. GAMMA Investing LLC now owns 2,911 shares of the fintech holding company’s stock valued at $136,000 after purchasing an additional 468 shares in the last quarter. Quarry LP grew its holdings in shares of PROG by 82.8% during the 4th quarter. Quarry LP now owns 1,117 shares of the fintech holding company’s stock valued at $33,000 after purchasing an additional 506 shares during the last quarter. Finally, WealthCollab LLC grew its holdings in shares of PROG by 28.1% during the 3rd quarter. WealthCollab LLC now owns 2,680 shares of the fintech holding company’s stock valued at $87,000 after purchasing an additional 588 shares during the last quarter. Institutional investors own 97.92% of the company’s stock.

About PROG

PROG Holdings, Inc, formerly known as Aaron’s, is a North American provider of lease-to-own and consumer finance solutions. The company operates through two primary segments: Aaron’s Business Solutions and Progressive Financial Services. Through Aaron’s Business Solutions, PROG offers customers access to furniture, electronics, home appliances and technology products via lease ownership arrangements, serving both individual consumers and small businesses.

The Progressive Financial Services segment provides lease-purchase and retail point-of-sale financing programs to customers with limited credit histories.