PRA Group, Inc. (NASDAQ:PRAA) Given Consensus Rating of “Moderate Buy” by Analysts

Shares of PRA Group, Inc. (NASDAQ:PRAA) have been assigned a consensus recommendation of “Moderate Buy” from the five brokerages that are currently covering the company, Marketbeat.com reports. One investment analyst has rated the stock with a sell recommendation, three have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year price objective among brokers that have issued ratings on the stock in the last year is $25.00.

Several brokerages recently issued reports on PRAA. Weiss Ratings reiterated a “sell (d)” rating on shares of PRA Group in a research report on Monday, December 22nd. Zacks Research raised PRA Group from a “hold” rating to a “strong-buy” rating in a research note on Thursday, November 6th. Finally, Truist Financial reduced their price objective on PRA Group from $33.00 to $26.00 and set a “buy” rating on the stock in a research report on Tuesday, November 4th.

PRA Group Price Performance

NASDAQ:PRAA opened at $17.62 on Friday. The firm has a 50-day moving average of $15.88 and a 200-day moving average of $15.76. The company has a market cap of $687.36 million, a PE ratio of -2.00 and a beta of 1.32. PRA Group has a one year low of $12.29 and a one year high of $23.97.

PRA Group (NASDAQ:PRAA) last announced its earnings results 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 business had revenue of $247.08 million during the quarter, compared to analyst estimates 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, equities research analysts expect that PRA Group will post 2.1 earnings per share for the current fiscal year.

Insider Buying and Selling

In other PRA Group news, Director Geir Olsen purchased 15,000 shares of the firm’s stock in a transaction on Thursday, November 6th. The shares were purchased 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 owned 58,933 shares of the company’s stock, valued at $833,901.95. The trade was a 34.14% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 2.00% of the stock is owned by insiders.

Hedge Funds Weigh In On PRA Group

A number of large investors have recently added to or reduced their stakes in PRAA. State of Alaska Department of Revenue grew its stake in shares of PRA Group by 8.1% in the 2nd quarter. State of Alaska Department of Revenue now owns 23,622 shares of the business services provider’s stock worth $347,000 after buying an additional 1,775 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS bought a new stake in PRA Group in the second quarter worth $150,000. Public Employees Retirement System of Ohio boosted its holdings in PRA Group by 2,650.7% in the second quarter. Public Employees Retirement System of Ohio now owns 43,708 shares of the business services provider’s stock worth $645,000 after acquiring an additional 42,119 shares in the last quarter. Capital Management Corp VA grew its stake in shares of PRA Group by 56.1% in the second quarter. Capital Management Corp VA now owns 551,523 shares of the business services provider’s stock worth $8,135,000 after acquiring an additional 198,152 shares during the last quarter. Finally, Advent Capital Management DE bought a new position in shares of PRA Group during the second quarter valued at $84,000. 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.