PRA Group, Inc. (NASDAQ:PRAA) Receives Average Recommendation of “Hold” from Analysts

Shares of PRA Group, Inc. (NASDAQ:PRAA) have been assigned a consensus rating of “Hold” from the six research firms that are presently covering the stock, Marketbeat reports. One equities research analyst has rated the stock with a sell recommendation, three have issued a hold recommendation and two have assigned a buy recommendation to the company. The average 12 month target price among brokers that have issued ratings on the stock in the last year is $25.00.

Several research analysts recently commented on the company. Weiss Ratings reissued a “sell (d)” rating on shares of PRA Group in a research note on Monday, December 29th. Citigroup downgraded PRA Group from an “outperform” rating to a “market perform” rating in a research report on Wednesday, January 28th. Truist Financial cut their target price on shares of PRA Group from $33.00 to $26.00 and set a “buy” rating on the stock in a research note on Tuesday, November 4th. Zacks Research downgraded shares of PRA Group from a “strong-buy” rating to a “hold” rating in a research note on Monday, January 5th. Finally, Citizens Jmp cut shares of PRA Group from a “market outperform” rating to a “market perform” rating in a report on Wednesday, January 28th.

Institutional Trading of PRA Group

Hedge funds and other institutional investors have recently bought and sold shares of the business. GAMMA Investing LLC boosted its position 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 in the last quarter. Los Angeles Capital Management LLC purchased a new stake in PRA Group during the fourth quarter worth approximately $27,000. EverSource Wealth Advisors LLC boosted its holdings in PRA Group by 145.6% in the fourth quarter. EverSource Wealth Advisors LLC now owns 2,481 shares of the business services provider’s stock valued at $44,000 after purchasing an additional 1,471 shares in the last quarter. Larson Financial Group LLC increased its stake in PRA Group by 146.8% in the fourth quarter. Larson Financial Group LLC now owns 2,848 shares of the business services provider’s stock valued at $50,000 after purchasing an additional 1,694 shares during the last quarter. Finally, CWM LLC raised its holdings in PRA Group by 140.0% during 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 in the last quarter. 97.22% of the stock is currently owned by institutional investors and hedge funds.

PRA Group Stock Up 1.5%

PRA Group stock opened at $10.86 on Monday. PRA Group has a 52-week low of $10.33 and a 52-week high of $23.97. The firm has a market cap of $423.65 million, a PE ratio of -1.24 and a beta of 1.29. The company’s 50 day moving average is $15.66 and its two-hundred day moving average is $15.66.

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.