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Jefferies downgrades PROG Holdings Inc (PRG) stock to a Hold

PROG Holdings Inc’s recent filing unveils that its Director Sheu Caroline Sio-Chin acquired Company’s shares for reported $46216.0 on Feb 26 ’25. In the deal valued at $28.01 per share,1,650 shares were bought. As a result of this transaction, Sheu Caroline Sio-Chin now holds 18,291 shares worth roughly $0.51 million.

Then, CURLING DOUGLAS C bought 10,000 shares, generating $298,800 in total proceeds. Upon buying the shares at $29.88, the Director now owns 45,913 shares.

Before that, Sewell George M sold 3,500 shares. PROG Holdings Inc shares valued at $171,080 were divested by the Principal Acct Off, VP Fin Rep at a price of $48.88 per share. As a result of the transaction, Sewell George M now holds 12,639 shares, worth roughly $0.36 million.

Jefferies downgraded its PROG Holdings Inc [PRG] rating to a Hold from a a Buy in a research note published on February 26, 2025; the price target was decreased to $29 from $58. A number of analysts have revised their coverage, including Stephens’s analysts, who began to cover the stock in mid November with a ‘”an Overweight”‘ rating. Raymond James also remained covering PRG and has increased its forecast on October 24, 2024 with a “an Outperform” recommendation from previously “Mkt perform” rating. BTIG Research started covering the stock on June 07, 2024. It rated PRG as “a Neutral”.

Price Performance Review of PRG

On Friday, PROG Holdings Inc [NYSE:PRG] saw its stock fall -1.40% to $28.15. Over the last five days, the stock has lost -0.78%. PROG Holdings Inc shares have fallen nearly -33.39% since the year began. Nevertheless, the stocks have fallen -12.44% over the past one year. While a 52-week high of $50.28 was reached on 02/06/25, a 52-week low of $26.52 was recorded on 03/06/25. SMA at 50 days reached $38.85, while 200 days put it at $41.77.

Levels Of Support And Resistance For PRG Stock

The 24-hour chart illustrates a support level at 27.89, which if violated will result in even more drops to 27.63. On the upside, there is a resistance level at 28.55. A further resistance level may holdings at 28.95. The Relative Strength Index (RSI) on the 14-day chart is 28.93, which indicates oversold technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.64, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 90.25%. Stochastics %K at 7.74% indicates the stock is a buying.

The most recent change occurred on March 08, 2024 when TD Cowen began covering the stock and recommended ‘”an Outperform”‘ rating along with a $37 price target.

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