PRA Group (NASDAQ:PRAA) Rating Reiterated by JMP Securities

PRA Group (NASDAQ:PRAA)‘s stock had its “market outperform” rating reaffirmed by JMP Securities in a research report issued on Tuesday, Benzinga reports. They currently have a $33.00 target price on the business services provider’s stock. JMP Securities’ target price would suggest a potential upside of 30.38% from the company’s previous close.

Separately, StockNews.com upgraded shares of PRA Group from a “sell” rating to a “hold” rating in a research report on Friday, February 16th.

PRA Group Trading Up 1.1 %

PRAA stock opened at $25.31 on Tuesday. PRA Group has a 12-month low of $11.85 and a 12-month high of $31.43. The business’s 50-day moving average is $24.73 and its 200 day moving average is $22.58. The stock has a market cap of $996.00 million, a price-to-earnings ratio of -11.88 and a beta of 1.47.

PRA Group (NASDAQ:PRAA) last issued its quarterly earnings results on Monday, May 6th. The business services provider reported $0.09 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.15) by $0.24. PRA Group had a negative return on equity of 6.82% and a negative net margin of 10.40%. The firm had revenue of $255.59 million for the quarter, compared to analyst estimates of $233.37 million. During the same period in the previous year, the company posted ($1.50) earnings per share. The business’s revenue was up 64.4% on a year-over-year basis. As a group, equities analysts forecast that PRA Group will post 0.35 EPS for the current fiscal year.

Insider Buying and Selling

In other PRA Group news, CEO Vikram A. Atal sold 5,830 shares of the firm’s stock in a transaction on Monday, April 15th. The stock was sold at an average price of $24.39, for a total value of $142,193.70. Following the completion of the sale, the chief executive officer now directly owns 155,625 shares of the company’s stock, valued at approximately $3,795,693.75. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 2.00% of the stock is currently owned by company insiders.

Institutional Trading of PRA Group

Several hedge funds have recently made changes to their positions in the company. CWM LLC lifted its holdings in PRA Group by 90.5% in the fourth quarter. CWM LLC now owns 1,189 shares of the business services provider’s stock valued at $31,000 after acquiring an additional 565 shares during the last quarter. PNC Financial Services Group Inc. lifted its stake in shares of PRA Group by 1,032.9% in the 3rd quarter. PNC Financial Services Group Inc. now owns 3,512 shares of the business services provider’s stock valued at $67,000 after purchasing an additional 3,202 shares during the last quarter. SG Americas Securities LLC purchased a new position in shares of PRA Group during the 1st quarter worth $103,000. Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of PRA Group by 40.5% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 9,447 shares of the business services provider’s stock worth $181,000 after purchasing an additional 2,722 shares during the last quarter. Finally, ProShare Advisors LLC purchased a new stake in PRA Group in the 1st quarter valued at about $203,000. Hedge funds and other institutional investors own 97.22% of the company’s stock.

About PRA Group

PRA Group, Inc, a financial and business services company, engages in the purchase, collection, and management of portfolios of nonperforming loans worldwide. It is involved in the purchase of accounts that are primarily the unpaid obligations of individuals owed to credit originators, which include banks and other types of consumer, retail, and auto finance companies.