PROG Holdings, Inc. (NYSE:PRG) Shares Sold by GHP Investment Advisors Inc.

GHP Investment Advisors Inc. lessened its position in shares of PROG Holdings, Inc. (NYSE:PRG) by 9.8% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 4,104 shares of the company’s stock after selling 448 shares during the quarter. GHP Investment Advisors Inc.’s holdings in PROG were worth $173,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in PRG. Stifel Financial Corp acquired a new position in PROG during the third quarter worth about $1,046,000. Moran Wealth Management LLC acquired a new position in shares of PROG during the 3rd quarter worth approximately $3,084,000. Atom Investors LP acquired a new position in shares of PROG during the 3rd quarter worth approximately $4,979,000. FMR LLC grew its holdings in PROG by 1.3% during the 3rd quarter. FMR LLC now owns 2,430,318 shares of the company’s stock valued at $117,846,000 after buying an additional 30,030 shares during the last quarter. Finally, Los Angeles Capital Management LLC purchased a new position in PROG during the third quarter worth $1,972,000. 97.92% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research analysts recently weighed in on the stock. Stephens reissued an “overweight” rating and issued a $60.00 target price on shares of PROG in a research note on Thursday, January 2nd. TD Cowen raised shares of PROG to a “strong-buy” rating in a research report on Friday, November 29th. Finally, Raymond James raised shares of PROG from a “market perform” rating to an “outperform” rating and set a $48.00 price objective on the stock in a research note on Thursday, October 24th. One research analyst has rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Buy” and a consensus price target of $53.83.

Insider Activity at PROG

In related news, CFO Brian Garner sold 15,484 shares of the stock in a transaction on Tuesday, November 12th. The stock was sold at an average price of $48.27, for a total value of $747,412.68. Following the transaction, the chief financial officer now directly owns 92,236 shares of the company’s stock, valued at approximately $4,452,231.72. This trade represents a 14.37 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, VP George M. Sewell sold 3,500 shares of the business’s stock in a transaction dated Tuesday, November 12th. The shares were sold at an average price of $48.88, for a total value of $171,080.00. Following the sale, the vice president now directly owns 12,639 shares of the company’s stock, valued at approximately $617,794.32. This trade represents a 21.69 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 81,799 shares of company stock worth $3,980,724. 2.74% of the stock is owned by company insiders.

PROG Trading Down 1.6 %

NYSE PRG opened at $43.04 on Friday. The company has a market cap of $1.79 billion, a P/E ratio of 11.92 and a beta of 2.18. PROG Holdings, Inc. has a 12 month low of $27.84 and a 12 month high of $50.28. The company has a debt-to-equity ratio of 0.94, a current ratio of 4.97 and a quick ratio of 2.34. The company has a 50-day moving average of $43.41 and a 200-day moving average of $45.05.

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.