PROG Holdings, Inc. (NYSE:PRG) Director Purchases $298,800.00 in Stock

PROG Holdings, Inc. (NYSE:PRG) Director Douglas C. Curling purchased 10,000 shares of the firm’s stock in a transaction on Friday, February 21st. The stock was bought at an average cost of $29.88 per share, for a total transaction of $298,800.00. Following the completion of the purchase, the director now directly owns 45,913 shares in the company, valued at approximately $1,371,880.44. This trade represents a 27.85 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available through this hyperlink.

PROG Price Performance

Shares of PROG stock opened at $28.55 on Tuesday. The business has a 50 day moving average of $41.43 and a 200 day moving average of $44.77. PROG Holdings, Inc. has a 52 week low of $28.43 and a 52 week high of $50.28. The company has a market cap of $1.19 billion, a PE ratio of 6.29 and a beta of 2.18. The company has a quick ratio of 2.34, a current ratio of 5.24 and a debt-to-equity ratio of 0.99.

PROG (NYSE:PRG) last issued its quarterly earnings data on Wednesday, February 19th. The company reported $0.80 EPS for the quarter, topping the consensus estimate of $0.77 by $0.03. The business had revenue of $623.30 million during the quarter, compared to analyst estimates of $612.67 million. PROG had a net margin of 8.01% and a return on equity of 24.25%. The company’s revenue for the quarter was up 7.9% on a year-over-year basis. During the same period in the prior year, the business earned $0.72 EPS. As a group, equities research analysts forecast that PROG Holdings, Inc. will post 3.45 earnings per share for the current year.

Institutional Trading of PROG

Several institutional investors and hedge funds have recently bought and sold shares of PRG. Mackenzie Financial Corp grew its holdings in shares of PROG by 170.3% during the 4th quarter. Mackenzie Financial Corp now owns 29,706 shares of the company’s stock worth $1,255,000 after acquiring an additional 18,715 shares during the period. Castleark Management LLC bought a new stake in shares of PROG during the fourth quarter valued at approximately $4,416,000. PharVision Advisers LLC purchased a new stake in PROG in the fourth quarter worth $288,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in PROG by 17.8% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 123,881 shares of the company’s stock worth $5,235,000 after purchasing an additional 18,760 shares in the last quarter. Finally, Voloridge Investment Management LLC lifted its position in PROG by 11.7% during the fourth quarter. Voloridge Investment Management LLC now owns 257,141 shares of the company’s stock valued at $10,867,000 after buying an additional 26,964 shares during the period. 97.92% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research analysts have recently issued reports on the stock. TD Cowen raised shares of PROG to a “strong-buy” rating in a research note on Friday, November 29th. Stephens reissued an “overweight” rating and issued a $60.00 price target on shares of PROG in a report on Thursday, January 2nd. One research analyst has rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Buy” and a consensus price target of $53.83.

About PROG

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.