PROG (NYSE:PRG) Stock Rating Upgraded by Zacks Research

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

PRG has been the topic of a number of other reports. Loop Capital lowered shares of PROG from a “buy” rating to a “hold” rating and set a $48.00 target price on the stock. in a research note on Wednesday, July 1st. B. Riley Financial boosted their target price on shares of PROG from $57.00 to $64.00 and gave the stock a “buy” rating in a research report on Thursday. TD Cowen upped their price target on shares of PROG from $45.00 to $50.00 and gave the company a “buy” rating in a report on Tuesday, July 7th. Weiss Ratings raised PROG from a “hold (c)” rating to a “hold (c+)” rating in a research report on Wednesday, June 24th. Finally, Jefferies Financial Group upgraded PROG from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $33.00 to $60.00 in a research note on Wednesday, July 8th. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat.com, PROG presently has a consensus rating of “Moderate Buy” and a consensus target price of $49.44.

PROG Trading Up 2.1%

Shares of PRG stock opened at $43.88 on Thursday. PROG has a 12 month low of $25.80 and a 12 month high of $47.73. The company has a quick ratio of 2.41, a current ratio of 4.03 and a debt-to-equity ratio of 1.10. The business’s 50 day moving average is $41.19 and its two-hundred day moving average is $35.44. The company has a market cap of $1.76 billion, a PE ratio of 12.12 and a beta of 1.78.

PROG (NYSE:PRG) last released its quarterly earnings results on Wednesday, July 29th. The fintech holding company reported $1.19 EPS for the quarter, beating analysts’ consensus estimates of $0.95 by $0.24. PROG had a net margin of 5.57% and a return on equity of 21.88%. The company had revenue of $719.72 million for the quarter, compared to analyst estimates of $713.50 million. PROG has set its Q3 2026 guidance at 1.000-1.200 EPS and its FY 2026 guidance at 4.750-5.000 EPS. Equities analysts predict that PROG will post 4.99 EPS for the current year.

Hedge Funds Weigh In On PROG

Several large investors have recently bought and sold shares of PRG. Quarry LP boosted its holdings in PROG by 82.8% in 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 period. Global Assets Advisory LLC bought a new position in shares of PROG during the 1st quarter worth about $38,000. Federation des caisses Desjardins du Quebec acquired a new position in shares of PROG during the fourth quarter valued at about $44,000. WealthCollab LLC lifted its stake in shares of PROG by 61.9% in the second quarter. WealthCollab LLC now owns 2,092 shares of the fintech holding company’s stock valued at $61,000 after buying an additional 800 shares during the period. Finally, Strs Ohio acquired a new stake in PROG during the first quarter worth about $129,000. 97.92% of the stock is currently owned by institutional investors and hedge funds.

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.