PRA Group (NASDAQ:PRAA) Share Price Crosses Above 200-Day Moving Average – Time to Sell?

Shares of PRA Group, Inc. (NASDAQ:PRAA) crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $15.33 and traded as high as $16.56. PRA Group shares last traded at $16.01, with a volume of 449,396 shares traded.

Wall Street Analyst Weigh In

Several research firms have issued reports on PRAA. Wall Street Zen upgraded shares of PRA Group from a “sell” rating to a “hold” rating in a research note on Saturday, August 9th. Weiss Ratings reissued a “sell (d+)” rating on shares of PRA Group in a report on Wednesday, October 8th. Citigroup restated an “outperform” rating on shares of PRA Group in a research note on Tuesday, August 5th. JMP Securities set a $24.00 price objective on shares of PRA Group and gave the company a “market outperform” rating in a research report on Tuesday, August 5th. Finally, Zacks Research upgraded PRA Group from a “hold” rating to a “strong-buy” rating in a research note on Thursday, November 6th. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, PRA Group currently has an average rating of “Moderate Buy” and an average price target of $25.00.

PRA Group Trading Down 2.0%

The firm has a market cap of $624.63 million, a PE ratio of 6.87 and a beta of 1.41. The company has a 50 day moving average price of $15.08 and a 200 day moving average price of $15.33.

PRA Group (NASDAQ:PRAA) last posted its earnings results on Monday, November 3rd. The business services provider reported $0.53 EPS for the quarter, topping analysts’ consensus estimates 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 return on equity of 6.52% and a net margin of 8.10%. As a group, equities research analysts anticipate that PRA Group, Inc. will post 2.1 earnings per share for the current fiscal year.

Insider Activity at PRA Group

In related news, Director Geir Olsen acquired 15,000 shares of the business’s stock in a transaction that occurred on Thursday, November 6th. The stock was purchased at an average cost of $14.15 per share, for a total transaction of $212,250.00. Following the transaction, 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 position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 2.00% of the stock is owned by corporate insiders.

Institutional Trading of PRA Group

Several institutional investors and hedge funds have recently made changes to their positions in PRAA. GAMMA Investing LLC raised its position in shares of PRA Group by 301.0% in the third quarter. GAMMA Investing LLC now owns 1,684 shares of the business services provider’s stock valued at $26,000 after buying an additional 1,264 shares during the last quarter. CWM LLC lifted its position in PRA Group by 140.0% during the 3rd quarter. CWM LLC now owns 4,618 shares of the business services provider’s stock worth $71,000 after acquiring an additional 2,694 shares in the last quarter. Tower Research Capital LLC TRC boosted its stake in shares of 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 purchasing an additional 3,777 shares during the period. Advent Capital Management DE purchased a new stake in shares of PRA Group during the second quarter worth about $84,000. Finally, Globeflex Capital L P acquired a new stake in PRA Group during the 2nd quarter valued at approximately $102,000. 97.22% of the stock is currently owned by hedge funds and other institutional investors.

PRA Group Company Profile

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.