PRA Group, Inc. (NASDAQ:PRAA) Receives Average Rating of “Hold” from Brokerages

PRA Group, Inc. (NASDAQ:PRAA) has received a consensus rating of “Hold” from the six research firms that are currently covering the firm, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the company. The average 12-month price objective among brokers that have updated their coverage on the stock in the last year is $25.00.

Several equities research analysts recently weighed in on the stock. Truist Financial reduced their price target on shares of PRA Group from $33.00 to $26.00 and set a “buy” rating for the company in a research report on Tuesday, November 4th. Zacks Research downgraded PRA Group from a “strong-buy” rating to a “hold” rating in a research note on Monday, January 5th. Citigroup cut PRA Group from an “outperform” rating to a “market perform” rating in a research note on Wednesday. Citizens Jmp reaffirmed a “market perform” rating on shares of PRA Group in a report on Wednesday. Finally, Weiss Ratings reaffirmed a “sell (d)” rating on shares of PRA Group in a research report on Monday, December 29th.

Insider Activity at PRA Group

In related news, Director Geir Olsen acquired 15,000 shares of the firm’s stock in a transaction dated Thursday, November 6th. The stock was purchased at an average cost of $14.15 per share, with a total value of $212,250.00. Following the completion of the acquisition, the director directly owned 58,933 shares of the company’s stock, valued at approximately $833,901.95. This trade represents a 34.14% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. 2.00% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On PRA Group

A number of large investors have recently added to or reduced their stakes in the stock. GAMMA Investing LLC boosted its stake in shares of PRA Group by 301.0% in the 3rd quarter. GAMMA Investing LLC now owns 1,684 shares of the business services provider’s stock worth $26,000 after buying an additional 1,264 shares during the last quarter. CWM LLC lifted its holdings in PRA Group by 140.0% in the third quarter. CWM LLC now owns 4,618 shares of the business services provider’s stock valued at $71,000 after acquiring an additional 2,694 shares during the period. Tower Research Capital LLC TRC lifted its holdings in PRA Group by 375.1% in the second quarter. Tower Research Capital LLC TRC now owns 4,784 shares of the business services provider’s stock valued at $71,000 after acquiring an additional 3,777 shares during the period. Advent Capital Management DE purchased a new position in PRA Group in the second quarter worth about $84,000. Finally, Globeflex Capital L P bought a new stake in shares of PRA Group during the 2nd quarter valued at about $102,000. Institutional investors own 97.22% of the company’s stock.

PRA Group Price Performance

Shares of NASDAQ:PRAA opened at $12.95 on Thursday. The business has a fifty day moving average price of $16.77 and a 200-day moving average price of $16.00. The company has a market capitalization of $505.18 million, a PE ratio of -1.47 and a beta of 1.33. PRA Group has a 1-year low of $12.29 and a 1-year high of $23.97.

PRA Group (NASDAQ:PRAA) last announced its quarterly earnings data on Monday, November 3rd. The business services provider reported $0.53 EPS for the quarter, beating the consensus estimate of $0.50 by $0.03. The company had revenue of $247.08 million for the quarter, compared to the consensus estimate of $295.77 million. PRA Group had a negative net margin of 29.55% and a positive return on equity of 7.03%. On average, sell-side analysts anticipate that PRA Group will post 2.1 earnings per share for the current fiscal year.

About PRA Group

PRA Group, Inc is a global specialty finance company focused on the acquisition and management of nonperforming loans. Founded in 1996 as Portfolio Recovery Associates, the company purchases defaulted consumer and commercial receivables at discounted rates from financial institutions, utilities and other creditors. By combining rigorous analytics with a consumer-centric ethos, PRA Group seeks to maximize recoveries while maintaining respectful and compliant interactions with debtors.

The company’s core activities include first-party and third-party collections across a range of asset classes such as credit cards, auto loans and utility receivables.