PRA Group, Inc. (NASDAQ:PRAA) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

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

Several equities research analysts recently commented on PRAA shares. Weiss Ratings reaffirmed a “sell (d)” rating on shares of PRA Group in a research report on Monday, December 22nd. Zacks Research raised shares of PRA Group from a “hold” rating to a “strong-buy” rating in a report on Thursday, November 6th. Finally, Truist Financial decreased their price objective on shares of PRA Group from $33.00 to $26.00 and set a “buy” rating for the company in a report on Tuesday, November 4th.

Insiders Place Their Bets

In related news, Director Geir Olsen bought 15,000 shares of the firm’s stock in a transaction on Thursday, November 6th. The stock was acquired at an average cost of $14.15 per share, for a total transaction of $212,250.00. Following the purchase, the director owned 58,933 shares in the company, valued at approximately $833,901.95. This represents a 34.14% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 2.00% of the company’s stock.

Institutional Trading of PRA Group

Several large investors have recently modified their holdings of the company. GAMMA Investing LLC lifted its holdings in PRA Group by 301.0% in the third quarter. GAMMA Investing LLC now owns 1,684 shares of the business services provider’s stock valued at $26,000 after acquiring an additional 1,264 shares during the period. CWM LLC grew its stake in shares of PRA Group by 140.0% during the 3rd quarter. CWM LLC now owns 4,618 shares of the business services provider’s stock valued at $71,000 after purchasing an additional 2,694 shares during the period. Tower Research Capital LLC TRC increased its position in shares of PRA Group by 375.1% during the 2nd quarter. Tower Research Capital LLC TRC now owns 4,784 shares of the business services provider’s stock valued at $71,000 after purchasing an additional 3,777 shares during the last quarter. Advent Capital Management DE bought a new position in shares of PRA Group in the 2nd quarter worth approximately $84,000. Finally, Globeflex Capital L P bought a new position in shares of PRA Group in the 2nd quarter worth approximately $102,000. Institutional investors own 97.22% of the company’s stock.

PRA Group Stock Performance

Shares of PRA Group stock opened at $17.62 on Friday. The company has a 50-day simple moving average of $15.88 and a two-hundred day simple moving average of $15.76. The stock has a market capitalization of $687.36 million, a PE ratio of -2.00 and a beta of 1.32. PRA Group has a 52-week low of $12.29 and a 52-week high of $23.97.

PRA Group (NASDAQ:PRAA) last posted its quarterly earnings results on Monday, November 3rd. The business services provider reported $0.53 EPS for the quarter, beating analysts’ consensus estimates of $0.50 by $0.03. The firm had revenue of $247.08 million for the quarter, compared to analysts’ expectations of $295.77 million. PRA Group had a negative net margin of 29.55% and a positive return on equity of 7.03%. As a group, equities research analysts forecast that PRA Group will post 2.1 EPS for the current fiscal year.

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.