PROG (NYSE:PRG) Upgraded at Zacks Research

PROG (NYSE:PRG) was upgraded by research analysts at Zacks Research from a “hold” rating to a “strong-buy” rating in a report released on Tuesday,Zacks.com reports.

A number of other equities research analysts have also weighed in on the company. Weiss Ratings lowered PROG from a “hold (c+)” rating to a “hold (c)” rating in a research note on Wednesday, May 13th. B. Riley Financial reiterated a “buy” rating on shares of PROG in a research report on Thursday, April 30th. Raymond James Financial reiterated an “outperform” rating and issued a $45.00 target price on shares of PROG in a research report on Thursday, April 30th. TD Cowen lifted their target price on PROG from $40.00 to $45.00 and gave the stock a “buy” rating in a research report on Thursday, April 30th. Finally, Wall Street Zen upgraded PROG from a “hold” rating to a “buy” rating in a research report on Saturday, February 21st. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $43.70.

PROG Price Performance

Shares of NYSE PRG opened at $33.74 on Tuesday. PROG has a fifty-two week low of $25.80 and a fifty-two week high of $41.14. The business has a 50 day moving average price of $30.95 and a two-hundred day moving average price of $31.23. The company has a quick ratio of 2.41, a current ratio of 4.27 and a debt-to-equity ratio of 1.21. The firm has a market cap of $1.35 billion, a PE ratio of 9.22 and a beta of 1.83.

PROG (NYSE:PRG) last issued its quarterly earnings data on Wednesday, April 29th. The fintech holding company reported $1.24 earnings per share for the quarter, beating analysts’ consensus estimates of $0.78 by $0.46. PROG had a return on equity of 21.94% and a net margin of 5.88%.The firm had revenue of $742.67 million during the quarter, compared to analyst estimates of $732.70 million. During the same quarter last year, the firm earned $0.90 EPS. PROG’s quarterly revenue was up 11.1% on a year-over-year basis. PROG has set its Q2 2026 guidance at 1.050-1.050 EPS. Sell-side analysts expect that PROG will post 4.7 earnings per share for the current fiscal year.

Institutional Trading of PROG

Several hedge funds have recently made changes to their positions in PRG. Goldman Sachs Group Inc. lifted its holdings in shares of PROG by 436.0% in the 4th quarter. Goldman Sachs Group Inc. now owns 1,824,091 shares of the fintech holding company’s stock worth $53,792,000 after purchasing an additional 1,483,751 shares during the last quarter. First Trust Advisors LP lifted its holdings in shares of PROG by 588.0% in the 1st quarter. First Trust Advisors LP now owns 840,029 shares of the fintech holding company’s stock worth $24,100,000 after purchasing an additional 717,932 shares during the last quarter. LSV Asset Management lifted its holdings in shares of PROG by 172.0% in the 3rd quarter. LSV Asset Management now owns 842,274 shares of the fintech holding company’s stock worth $27,256,000 after purchasing an additional 532,593 shares during the last quarter. UBS Group AG lifted its holdings in shares of PROG by 102.4% in the 3rd quarter. UBS Group AG now owns 823,663 shares of the fintech holding company’s stock worth $26,654,000 after purchasing an additional 416,658 shares during the last quarter. Finally, Millennium Management LLC lifted its holdings in shares of PROG by 62.7% in the 1st quarter. Millennium Management LLC now owns 673,405 shares of the fintech holding company’s stock worth $17,913,000 after purchasing an additional 259,630 shares during the last quarter. Institutional investors own 97.92% of the company’s stock.

PROG Company Profile

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.