Favorable Press Coverage Somewhat Unlikely to Affect Pra Group (PRAA) Share Price

News articles about Pra Group (NASDAQ:PRAA) have been trending positive recently, according to Accern. The research group identifies negative and positive press coverage by analyzing more than twenty million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Pra Group earned a media sentiment score of 0.39 on Accern’s scale. Accern also assigned media headlines about the business services provider an impact score of 46.0606469428357 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the near future.

Here are some of the media headlines that may have impacted Accern Sentiment’s rankings:

Pra Group (NASDAQ:PRAA) opened at $35.50 on Wednesday. Pra Group has a twelve month low of $25.72 and a twelve month high of $42.70. The stock has a market capitalization of $1,600.00, a P/E ratio of 28.40 and a beta of 1.59.

Pra Group (NASDAQ:PRAA) last issued its earnings results on Wednesday, November 8th. The business services provider reported $0.34 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.38 by ($0.04). Pra Group had a return on equity of 2.98% and a net margin of 7.57%. The company had revenue of $201.00 million during the quarter, compared to analyst estimates of $196.96 million. During the same period in the previous year, the company posted $0.68 earnings per share. The company’s quarterly revenue was down 9.5% on a year-over-year basis. equities research analysts anticipate that Pra Group will post 1.38 EPS for the current year.

A number of equities analysts have recently issued reports on PRAA shares. Oppenheimer started coverage on Pra Group in a report on Monday. They issued a “hold” rating for the company. UBS Group started coverage on Pra Group in a report on Monday. They issued a “market perform” rating for the company. Zacks Investment Research cut Pra Group from a “hold” rating to a “strong sell” rating in a report on Tuesday. Janney Montgomery Scott cut Pra Group from a “neutral” rating to a “sell” rating in a report on Wednesday, October 4th. Finally, Keefe, Bruyette & Woods cut Pra Group from an “outperform” rating to a “market perform” rating and increased their target price for the stock from $36.00 to $40.00 in a report on Tuesday, October 10th. Three equities research analysts have rated the stock with a sell rating and five have given a hold rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $40.00.

In other news, Director Penelope W. Kyle sold 1,975 shares of the stock in a transaction that occurred on Saturday, December 29th. The stock was sold at an average price of $33.45, for a total value of $66,063.75. Following the completion of the transaction, the director now directly owns 36,425 shares of the company’s stock, valued at approximately $1,218,416.25. The sale was disclosed in a legal filing with the SEC, which is available at this link. Corporate insiders own 2.10% of the company’s stock.

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About Pra Group

PRA Group, Inc (PRA Group) is a financial and business services company with operations in the Americas and Europe. The Company’s primary business is the purchase, collection and management of portfolios of nonperforming loans. The Company operates through the account receivables management segment. It also provides fee-based services, such as vehicle location, skip tracing and collateral recovery for auto lenders, government entities and law enforcement; revenue administration, audit and revenue discovery/recovery services for local government entities; class action claims recovery services and purchases; servicing of consumer bankruptcy accounts in the United States, and contingent collections of nonperforming loans in Europe and South America.

Insider Buying and Selling by Quarter for Pra Group (NASDAQ:PRAA)

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