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

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

Several analysts recently weighed in on the stock. Citizens Jmp cut shares of PRA Group from a “market outperform” rating to a “market perform” rating in a research note on Wednesday, January 28th. Zacks Research downgraded PRA Group from a “strong-buy” rating to a “hold” rating in a report on Monday, January 5th. Citigroup lowered PRA Group from an “outperform” rating to a “market perform” rating in a research report on Wednesday, January 28th. Finally, Weiss Ratings reissued a “sell (d)” rating on shares of PRA Group in a research note on Monday, December 29th.

Institutional Investors Weigh In On PRA Group

Large investors have recently modified their holdings of the company. Los Angeles Capital Management LLC bought a new stake in PRA Group during the fourth quarter valued at $27,000. GAMMA Investing LLC raised its position in shares of PRA Group by 301.0% in 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. EverSource Wealth Advisors LLC lifted its stake in shares of PRA Group by 145.6% in the 4th 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 during the period. Larson Financial Group LLC lifted its stake in shares of PRA Group by 146.8% in the 4th 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 period. Finally, CWM LLC boosted its position 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 in the last quarter. 97.22% of the stock is currently owned by institutional investors and hedge funds.

PRA Group Price Performance

Shares of NASDAQ PRAA opened at $17.57 on Friday. The company has a 50 day simple moving average of $14.55 and a 200 day simple moving average of $15.45. PRA Group has a 1 year low of $10.25 and a 1 year high of $22.01. The firm has a market cap of $675.57 million, a PE ratio of -2.25 and a beta of 1.23.

PRA Group (NASDAQ:PRAA) last posted its earnings results on Thursday, February 26th. The business services provider reported $1.46 earnings per share for the quarter, topping analysts’ consensus estimates of $0.50 by $0.96. The firm had revenue of $333.39 million for the quarter, compared to analyst estimates of $288.86 million. PRA Group had a negative net margin of 25.39% and a positive return on equity of 10.50%. As a group, research analysts anticipate that PRA Group will post 2.1 earnings per share for the current fiscal year.

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.