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

Shares of PRA Group, Inc. (NASDAQ:PRAA) have received an average rating of “Hold” from the five analysts that are presently covering the company, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and three have assigned a buy rating to the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is $25.00.

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

PRA Group Price Performance

NASDAQ:PRAA opened at $16.38 on Thursday. PRA Group has a one year low of $12.29 and a one year high of $23.97. The business has a fifty day moving average price of $16.83 and a 200-day moving average price of $16.02. The firm has a market capitalization of $638.98 million, a price-to-earnings ratio of -1.86 and a beta of 1.33.

PRA Group (NASDAQ:PRAA) last released its quarterly 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 positive return on equity of 7.03% and a negative net margin of 29.55%. 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 acquired 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 in the company, valued at $833,901.95. The trade was a 34.14% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. 2.00% of the stock is currently owned by corporate insiders.

Institutional Trading of PRA Group

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. State of Alaska Department of Revenue grew its position in shares of PRA Group by 8.1% during the second quarter. State of Alaska Department of Revenue now owns 23,622 shares of the business services provider’s stock valued at $347,000 after purchasing an additional 1,775 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS bought a new position in PRA Group during the second quarter valued at approximately $150,000. Public Employees Retirement System of Ohio grew its holdings in PRA Group by 2,650.7% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 43,708 shares of the business services provider’s stock valued at $645,000 after buying an additional 42,119 shares in the last quarter. Capital Management Corp VA grew its holdings in PRA Group by 56.1% during the 2nd quarter. Capital Management Corp VA now owns 551,523 shares of the business services provider’s stock valued at $8,135,000 after buying an additional 198,152 shares in the last quarter. Finally, Advent Capital Management DE bought a new stake in PRA Group in the 2nd quarter worth approximately $84,000. Institutional investors own 97.22% of the company’s stock.

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.