PROG (NYSE:PRG) Upgraded at Zacks Research

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

Several other equities analysts also recently weighed in on the company. Wall Street Zen upgraded PROG from a “hold” rating to a “buy” rating in a research report on Saturday, February 21st. Weiss Ratings downgraded PROG from a “hold (c+)” rating to a “hold (c)” rating in a research report on Wednesday, May 13th. Stephens increased their target price on PROG from $40.00 to $47.50 and gave the stock an “overweight” rating in a research report on Thursday, April 30th. B. Riley Financial restated a “buy” rating on shares of PROG in a report on Thursday, April 30th. Finally, TD Cowen raised their price objective on PROG from $40.00 to $45.00 and gave the stock a “buy” rating in a report on Thursday, April 30th. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, PROG has an average rating of “Moderate Buy” and a consensus target price of $43.70.

PROG Stock Performance

NYSE PRG opened at $33.74 on Tuesday. The business’s 50-day moving average price is $30.95 and its 200 day moving average price is $31.23. PROG has a twelve month low of $25.80 and a twelve month high of $41.14. The company has a market capitalization of $1.35 billion, a PE ratio of 9.22 and a beta of 1.83. The company has a current ratio of 4.27, a quick ratio of 2.41 and a debt-to-equity ratio of 1.21.

PROG (NYSE:PRG) last released its earnings results on Wednesday, April 29th. The fintech holding company reported $1.24 earnings per share for the quarter, topping the consensus estimate 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 for the quarter, compared to the consensus estimate of $732.70 million. During the same period in the prior year, the business posted $0.90 earnings per share. The firm’s revenue for the quarter was up 11.1% compared to the same quarter last year. PROG has set its Q2 2026 guidance at 1.050-1.050 EPS. On average, research analysts predict that PROG will post 4.7 earnings per share for the current year.

Institutional Investors Weigh In On PROG

A number of large investors have recently modified their holdings of the stock. Goldman Sachs Group Inc. grew its stake in shares of PROG by 436.0% in the fourth quarter. Goldman Sachs Group Inc. now owns 1,824,091 shares of the fintech holding company’s stock valued at $53,792,000 after buying an additional 1,483,751 shares in the last quarter. State Street Corp grew its stake in PROG by 5.6% during the 4th quarter. State Street Corp now owns 1,679,355 shares of the fintech holding company’s stock valued at $49,524,000 after purchasing an additional 89,035 shares in the last quarter. Allianz Asset Management GmbH grew its stake in PROG by 18.9% during the 3rd quarter. Allianz Asset Management GmbH now owns 1,187,509 shares of the fintech holding company’s stock valued at $38,428,000 after purchasing an additional 188,835 shares in the last quarter. LSV Asset Management grew its stake in PROG by 37.7% during the 4th quarter. LSV Asset Management now owns 1,159,874 shares of the fintech holding company’s stock valued at $34,205,000 after purchasing an additional 317,600 shares in the last quarter. Finally, First Trust Advisors LP grew its stake in PROG by 588.0% during the 1st quarter. First Trust Advisors LP now owns 840,029 shares of the fintech holding company’s stock valued at $24,100,000 after purchasing an additional 717,932 shares in the last quarter. Institutional investors and hedge funds 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.