Analysts Set PRA Group, Inc. (NASDAQ:PRAA) PT at $25.00

PRA Group, Inc. (NASDAQ:PRAA) has earned an average recommendation of “Hold” from the five brokerages that are presently covering the stock, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation and one has assigned a buy recommendation to the company. The average 12 month price objective among analysts that have issued a report on the stock in the last year is $25.00.

Several equities analysts have recently weighed in on the company. Weiss Ratings reissued a “sell (d)” rating on shares of PRA Group in a research report on Wednesday, June 24th. Wall Street Zen downgraded PRA Group from a “strong-buy” rating to a “buy” rating in a research report on Sunday, June 7th.

PRA Group Trading Down 1.6%

PRAA opened at $18.12 on Thursday. The stock has a 50-day moving average of $16.36 and a 200 day moving average of $16.56. PRA Group has a 12 month low of $10.25 and a 12 month high of $22.55. The firm has a market cap of $691.10 million, a P/E ratio of -2.53 and a beta of 1.10.

PRA Group (NASDAQ:PRAA) last issued its quarterly earnings data on Thursday, May 7th. The business services provider reported $0.73 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.51 by $0.22. The business had revenue of $314.53 million for the quarter, compared to the consensus estimate of $295.90 million. PRA Group had a positive return on equity of 13.19% and a negative net margin of 22.51%. On average, research analysts forecast that PRA Group will post 2.52 earnings per share for the current fiscal year.

Institutional Investors Weigh In On PRA Group

Institutional investors have recently made changes to their positions in the company. Los Angeles Capital Management LLC purchased a new position in shares of PRA Group during the 4th quarter worth about $27,000. EverSource Wealth Advisors LLC raised its position in PRA Group by 145.6% in the 4th quarter. EverSource Wealth Advisors LLC now owns 2,481 shares of the business services provider’s stock worth $44,000 after purchasing an additional 1,471 shares during the period. Larson Financial Group LLC raised its position in PRA Group by 146.8% in the 4th quarter. Larson Financial Group LLC now owns 2,848 shares of the business services provider’s stock worth $50,000 after purchasing an additional 1,694 shares during the period. Tower Research Capital LLC TRC lifted its stake in 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 worth $71,000 after purchasing an additional 3,777 shares during the last quarter. Finally, CWM LLC lifted its stake in PRA Group by 39.0% in the fourth quarter. CWM LLC now owns 6,420 shares of the business services provider’s stock worth $114,000 after purchasing an additional 1,802 shares during the last quarter. 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.