PRA Group, Inc. (NASDAQ:PRAA) Given Consensus Rating of “Hold” by Analysts

PRA Group, Inc. (NASDAQ:PRAA) has been assigned an average recommendation of “Hold” from the five research firms that are presently covering the company, Marketbeat Ratings reports. One research analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation and three have given a buy recommendation to the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is $25.00.

A number of brokerages have issued reports on PRAA. Truist Financial decreased their price objective on PRA Group from $33.00 to $26.00 and set a “buy” rating on the stock in a research report on Tuesday, November 4th. Zacks Research lowered PRA Group from a “strong-buy” rating to a “hold” rating in a report on Monday, January 5th. Finally, Weiss Ratings reaffirmed a “sell (d)” rating on shares of PRA Group in a research note on Monday, December 29th.

PRA Group Stock Up 4.0%

PRAA stock opened at $16.38 on Thursday. PRA Group has a 52 week low of $12.29 and a 52 week high of $23.97. The firm has a market capitalization of $638.98 million, a P/E ratio of -1.86 and a beta of 1.33. The company has a fifty day simple moving average of $16.83 and a two-hundred day simple moving average of $16.02.

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

Insider Buying and Selling

In other news, Director Geir Olsen acquired 15,000 shares of PRA Group stock in a transaction that occurred on Thursday, November 6th. The shares were bought at an average cost of $14.15 per share, with a total value of $212,250.00. Following the transaction, the director directly owned 58,933 shares of the company’s stock, valued at $833,901.95. This trade represents a 34.14% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at this link. Insiders own 2.00% of the company’s stock.

Institutional Inflows and Outflows

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

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.