PRA Group, Inc. (NASDAQ:PRAA) Receives $25.00 Consensus Target Price from Analysts

Shares of PRA Group, Inc. (NASDAQ:PRAA) have received a consensus recommendation of “Hold” from the five analysts that are currently covering the firm, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, three have given a hold recommendation and one has issued a buy recommendation on the company. The average 12 month price target among brokers that have covered the stock in the last year is $25.00.

A number of research analysts recently commented on the stock. Citigroup cut PRA Group from an “outperform” rating to a “market perform” rating in a report on Wednesday, January 28th. Citizens Jmp downgraded PRA Group from a “market outperform” rating to a “market perform” rating in a report on Wednesday, January 28th. Zacks Research cut shares of PRA Group from a “strong-buy” rating to a “hold” rating in a research report on Monday, January 5th. Finally, Weiss Ratings restated a “sell (d)” rating on shares of PRA Group in a research note on Monday, December 29th.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Topline Capital Management LLC increased its stake in PRA Group by 168.3% in the second quarter. Topline Capital Management LLC now owns 2,250,629 shares of the business services provider’s stock valued at $33,197,000 after acquiring an additional 1,411,707 shares during the last quarter. Millennium Management LLC lifted its stake in PRA Group by 242.6% during the fourth quarter. Millennium Management LLC now owns 464,320 shares of the business services provider’s stock worth $8,214,000 after purchasing an additional 328,804 shares during the last quarter. Jane Street Group LLC boosted its holdings in shares of PRA Group by 256.7% in the 4th quarter. Jane Street Group LLC now owns 397,207 shares of the business services provider’s stock valued at $7,027,000 after purchasing an additional 285,858 shares in the last quarter. Ameriprise Financial Inc. boosted its holdings in shares of PRA Group by 130.9% in the 2nd quarter. Ameriprise Financial Inc. now owns 428,135 shares of the business services provider’s stock valued at $6,315,000 after purchasing an additional 242,721 shares in the last quarter. Finally, UBS Group AG increased its stake in shares of PRA Group by 87.2% in the 4th quarter. UBS Group AG now owns 346,436 shares of the business services provider’s stock valued at $6,128,000 after purchasing an additional 161,407 shares during the last quarter. Institutional investors and hedge funds own 97.22% of the company’s stock.

PRA Group Stock Performance

Shares of NASDAQ PRAA opened at $16.73 on Friday. PRA Group has a 52 week low of $10.25 and a 52 week high of $22.01. The stock has a market capitalization of $643.27 million, a PE ratio of -2.14 and a beta of 1.23. The stock has a 50 day moving average price of $14.55 and a 200 day moving average price of $15.44.

PRA Group (NASDAQ:PRAA) last posted its quarterly earnings results on Thursday, February 26th. The business services provider reported $1.46 EPS for the quarter, topping analysts’ consensus estimates of $0.50 by $0.96. The business had revenue of $333.39 million during the quarter, compared to analysts’ expectations of $288.86 million. PRA Group had a positive return on equity of 10.50% and a negative net margin of 25.39%. As a group, research analysts forecast that PRA Group will post 2.1 EPS for the current year.

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.