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

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

Several research firms have commented on PRAA. Weiss Ratings reiterated a “sell (d)” rating on shares of PRA Group in a research note on Monday. Citigroup reaffirmed an “outperform” rating on shares of PRA Group in a report on Tuesday, August 5th. Wall Street Zen raised PRA Group from a “sell” rating to a “hold” rating in a research report on Saturday, August 9th. JMP Securities set a $24.00 price objective on PRA Group and gave the stock a “market outperform” rating in a research report on Tuesday, August 5th. Finally, Truist Financial reduced 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.

PRA Group Price Performance

PRAA opened at $16.57 on Wednesday. PRA Group has a 1 year low of $12.29 and a 1 year high of $23.97. The company has a market capitalization of $646.48 million, a price-to-earnings ratio of 7.11 and a beta of 1.32. The firm’s fifty day moving average price is $14.91 and its two-hundred day moving average price is $15.38.

PRA Group (NASDAQ:PRAA) last released its quarterly earnings results on Monday, November 3rd. The business services provider reported $0.53 earnings per share for the quarter, beating analysts’ consensus estimates of $0.50 by $0.03. PRA Group had a net margin of 8.10% and a return on equity of 6.52%. The company had revenue of $247.08 million for the quarter, compared to analyst estimates of $295.77 million. As a group, equities analysts anticipate that PRA Group will post 2.1 EPS for the current year.

Insider Buying and Selling at PRA Group

In related news, Director Geir Olsen purchased 15,000 shares of PRA Group stock in a transaction that occurred on Thursday, November 6th. The stock was bought at an average price of $14.15 per share, for a total transaction of $212,250.00. Following the completion of the transaction, the director owned 58,933 shares in the company, valued at $833,901.95. This represents a 34.14% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink. Company insiders own 2.00% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in PRAA. Topline Capital Management LLC boosted its holdings in PRA Group by 168.3% in the 2nd quarter. Topline Capital Management LLC now owns 2,250,629 shares of the business services provider’s stock worth $33,197,000 after buying an additional 1,411,707 shares during the period. Ameriprise Financial Inc. boosted its holdings in shares of PRA Group by 130.9% in the second quarter. Ameriprise Financial Inc. now owns 428,135 shares of the business services provider’s stock worth $6,315,000 after acquiring an additional 242,721 shares during the period. Capital Management Corp VA grew its position 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 valued at $8,135,000 after purchasing an additional 198,152 shares in the last quarter. American Century Companies Inc. raised its stake in shares of PRA Group by 144.8% during the 1st quarter. American Century Companies Inc. now owns 280,525 shares of the business services provider’s stock valued at $5,784,000 after purchasing an additional 165,951 shares during the period. Finally, Nuveen LLC bought a new stake in shares of PRA Group during the 1st quarter valued at $3,000,000. 97.22% of the stock is currently owned by hedge funds and other institutional investors.

PRA Group Company Profile

PRA Group, Inc, a financial and business services company, engages in the purchase, collection, and management of portfolios of nonperforming loans worldwide. It is involved in the purchase of accounts that are primarily the unpaid obligations of individuals owed to credit originators, which include banks and other types of consumer, retail, and auto finance companies.