5 Best New Stocks to Buy Now

3. PROG Holdings, Inc. (NYSE:PRG)

No of HFs: 38

Total Value of HF Holdings: $374 Million

Ranking 3rd in our list of 10 best new stocks to buy now is Prog Holdings, Inc. PRG serves users in the United States. The company provides commercial equipment, finance, and leasing services. PRG only began trading on the New York Stock Exchange on December 1, 2020. As of March 1, The stock trades at $50 and offers a dividend yield of 0.36%. Shares of PRG rallied 50% over the last twelve months. At the end of the fourth quarter, 38 hedge funds in Insider Monkey’s database of 887 hedge funds held stakes in PRG, compared to 0 funds in the third quarter. At the end of the fourth quarter, PRG reported revenue of $605.7 million, diluted EPS of $0.62, and non-GAAP diluted EPS of $0.95.