PRA Group, Inc. (NASDAQ:PRAA) Receives $25.00 Average Price Target from Analysts

Shares of PRA Group, Inc. (NASDAQ:PRAA) have earned a consensus rating of “Hold” from the five analysts that are currently covering the stock, Marketbeat.com reports. One analyst has rated the stock with a sell recommendation, one has issued a hold recommendation and three have assigned a buy recommendation to the company. The average 1 year price objective among brokers that have covered the stock in the last year is $25.00.

A number of research firms have recently issued reports on PRAA. Weiss Ratings restated a “sell (d)” rating on shares of PRA Group in a research report on Monday, December 29th. Truist Financial lowered their price objective on PRA Group from $33.00 to $26.00 and set a “buy” rating on the stock in a research note on Tuesday, November 4th. Finally, Zacks Research downgraded PRA Group from a “strong-buy” rating to a “hold” rating in a research note on Monday, January 5th.

PRA Group Stock Down 4.5%

PRA Group stock opened at $15.91 on Thursday. The company has a fifty day simple moving average of $16.84 and a 200-day simple moving average of $16.03. The firm has a market capitalization of $620.65 million, a price-to-earnings ratio of -1.81 and a beta of 1.33. PRA Group has a 52-week low of $12.29 and a 52-week 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 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.50 by $0.03. The company had revenue of $247.08 million during the quarter, compared to analysts’ expectations 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, research analysts anticipate that PRA Group will post 2.1 EPS for the current fiscal year.

Insider Transactions at PRA Group

In other news, Director Geir Olsen bought 15,000 shares of PRA Group stock in a transaction on Thursday, November 6th. The shares were bought at an average cost of $14.15 per share, with a total value of $212,250.00. Following the completion of the purchase, 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 purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders own 2.00% of the company’s stock.

Institutional Trading of PRA Group

Several institutional investors have recently made changes to their positions in the company. GAMMA Investing LLC grew its holdings in shares of PRA Group by 301.0% during the 3rd quarter. GAMMA Investing LLC now owns 1,684 shares of the business services provider’s stock worth $26,000 after purchasing an additional 1,264 shares during the period. CWM LLC boosted its stake in PRA Group by 140.0% during the third quarter. CWM LLC now owns 4,618 shares of the business services provider’s stock worth $71,000 after buying an additional 2,694 shares during the period. Tower Research Capital LLC TRC increased its position in shares of PRA Group by 375.1% during 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 last quarter. Advent Capital Management DE purchased a new stake in shares of PRA Group in the 2nd quarter valued at approximately $84,000. Finally, Globeflex Capital L P purchased a new stake in shares of PRA Group in the 2nd quarter valued at approximately $102,000. Hedge funds and other institutional investors own 97.22% of the company’s stock.

PRA Group Company Profile

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.