Stocks of PROG Holdings Inc (NYSE:PRG) traded higher last session on Wall Street, down -1.93% to $27.93.
PRG stock price is now 0.63% away from the 50-day moving average and -26.35% away from the 200-day moving average. The market capitalization of the company currently stands at $1.13B.
With the price target reduced from $58 to $29, Jefferies Downgraded its rating from Buy to Hold for PROG Holdings Inc (NYSE: PRG). On November 13, 2024, Stephens recently initiated its ‘Overweight’ rating on the stock quoting a target price of $60, while ‘Raymond James’ rates the stock as ‘Outperform’
In other news, Garner Brian, Chief Financial Officer bought 3,500 shares of the company’s stock on May 13 ’25. The stock was bought for $101,255 at an average price of $28.93. Upon completion of the transaction, the Chief Financial Officer now directly owns 132,597 shares in the company, valued at $3.7 million. An SEC document containing details of the transaction can be found on the SEC’s website. On May 12 ’25, President and CEO Michaels Steven A bought 14,000 shares of the business’s stock. A total of $406,420 was incurred on buying the stock at an average price of $29.03. This leaves the insider owning 559,641 shares of the company worth $15.63 million. A total of 3.09% of the company’s stock is owned by insiders.
During the past 12 months, PROG Holdings Inc has had a low of $23.50 and a high of $50.28. As of last week, the company has a debt-to-equity ratio of 0.92, a current ratio of 8.76, and a quick ratio of 3.75. According to the stock market information, the enterprise value for the company is $1517840512, which is based on a 5.71 price-to-earnings ratio, a 0.57 price-to-earnings-growth ratio, and a beta of 1.78. The fifty day moving average price for PRG is $27.7554 and a two-hundred day moving average price translates $37.925 for the stock.
The latest earnings results from PROG Holdings Inc (NYSE: PRG) was released for 2025-03-31. The net profit margin was 8.38% and return on equity was 33.88% for PRG. The company reported revenue of $684.09 million for the quarter, compared to $641.87 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 6.58 percent.
