Shares of PRA Group, Inc. (NASDAQ:PRAA) have been assigned an average recommendation of “Sell” from the seven research firms that are currently covering the company, MarketBeat Ratings reports. Four analysts have rated the stock with a sell recommendation and three have assigned a hold recommendation to the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is $40.00.

Several equities research analysts have recently weighed in on PRAA shares. Raymond James Financial, Inc. reissued an “underperform” rating on shares of PRA Group in a research note on Thursday, September 21st. BidaskClub raised PRA Group from a “hold” rating to a “buy” rating in a research note on Thursday, August 10th. Citigroup Inc. lowered PRA Group to an “underperform” rating in a research note on Thursday, September 21st. Janney Montgomery Scott lowered PRA Group from a “neutral” rating to a “sell” rating in a research note on Wednesday, October 4th. Finally, Keefe, Bruyette & Woods lowered PRA Group from an “outperform” rating to a “market perform” rating and raised their price objective for the stock from $36.00 to $40.00 in a research note on Tuesday, October 10th.

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Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Amalgamated Bank boosted its stake in shares of PRA Group by 2.5% during the 2nd quarter. Amalgamated Bank now owns 6,393 shares of the business services provider’s stock worth $242,000 after acquiring an additional 154 shares in the last quarter. Huntington National Bank boosted its stake in shares of PRA Group by 5.5% during the 2nd quarter. Huntington National Bank now owns 3,084 shares of the business services provider’s stock worth $117,000 after acquiring an additional 162 shares in the last quarter. Advisor Group Inc. boosted its stake in shares of PRA Group by 3.5% during the 2nd quarter. Advisor Group Inc. now owns 5,829 shares of the business services provider’s stock worth $221,000 after acquiring an additional 196 shares in the last quarter. Texas Permanent School Fund boosted its stake in shares of PRA Group by 0.8% during the 2nd quarter. Texas Permanent School Fund now owns 33,836 shares of the business services provider’s stock worth $1,282,000 after acquiring an additional 283 shares in the last quarter. Finally, Arizona State Retirement System boosted its stake in shares of PRA Group by 1.3% during the 1st quarter. Arizona State Retirement System now owns 24,159 shares of the business services provider’s stock worth $801,000 after acquiring an additional 300 shares in the last quarter.

PRA Group (PRAA) traded up 3.35% during mid-day trading on Friday, reaching $29.35. The company’s stock had a trading volume of 554,230 shares. The firm has a market capitalization of $1.33 billion, a P/E ratio of 17.90 and a beta of 1.49. PRA Group has a 52 week low of $23.15 and a 52 week high of $42.70. The firm’s 50 day moving average price is $28.74 and its 200 day moving average price is $33.58.

PRA Group (NASDAQ:PRAA) last released its quarterly earnings data on Tuesday, August 8th. The business services provider reported $0.25 earnings per share for the quarter, missing the consensus estimate of $0.48 by ($0.23). The company had revenue of $200.30 million for the quarter, compared to the consensus estimate of $208.97 million. PRA Group had a return on equity of 4.69% and a net margin of 9.76%. The business’s revenue was down 12.3% compared to the same quarter last year. During the same period in the prior year, the business earned $0.83 earnings per share. On average, analysts anticipate that PRA Group will post $1.86 EPS for the current fiscal year.

About PRA Group

PRA Group, Inc (PRA Group) is a financial and business services company with operations in the Americas and Europe. The Company’s primary business is the purchase, collection and management of portfolios of nonperforming loans. The Company operates through the account receivables management segment. It also provides fee-based services, such as vehicle location, skip tracing and collateral recovery for auto lenders, government entities and law enforcement; revenue administration, audit and revenue discovery/recovery services for local government entities; class action claims recovery services and purchases; servicing of consumer bankruptcy accounts in the United States, and contingent collections of nonperforming loans in Europe and South America.

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