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

Shares of PRA Group, Inc. (NASDAQ:PRAA) have received an average recommendation of “Hold” from the five ratings firms that are currently covering the company, MarketBeat reports. One research analyst has rated the stock with a sell recommendation, three have given a hold recommendation and one has issued a buy recommendation on the company. The average twelve-month price objective among analysts that have issued a report on the stock in the last year is $25.00.

Several brokerages recently issued reports on PRAA. Wall Street Zen cut PRA Group from a “strong-buy” rating to a “buy” rating in a research note on Sunday, June 7th. Weiss Ratings restated a “sell (d)” rating on shares of PRA Group in a report on Friday, March 27th.

PRA Group Price Performance

Shares of NASDAQ:PRAA opened at $14.94 on Friday. PRA Group has a 52-week low of $10.25 and a 52-week high of $22.55. The stock has a market cap of $569.81 million, a P/E ratio of -2.09 and a beta of 1.14. The business’s 50 day moving average is $17.40 and its 200 day moving average is $16.43.

PRA Group (NASDAQ:PRAA) last announced its quarterly earnings data on Thursday, May 7th. The business services provider reported $0.73 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.51 by $0.22. PRA Group had a positive return on equity of 13.19% and a negative net margin of 22.51%.The company had revenue of $314.53 million for the quarter, compared to analysts’ expectations of $295.90 million. On average, sell-side analysts anticipate that PRA Group will post 2.52 EPS for the current fiscal year.

Institutional Trading of PRA Group

Hedge funds have recently bought and sold shares of the stock. Los Angeles Capital Management LLC purchased a new stake in PRA Group during the fourth quarter worth $27,000. EverSource Wealth Advisors LLC lifted its holdings in PRA Group by 145.6% during the fourth quarter. EverSource Wealth Advisors LLC now owns 2,481 shares of the business services provider’s stock worth $44,000 after buying an additional 1,471 shares during the period. Larson Financial Group LLC lifted its holdings in PRA Group by 146.8% during the fourth quarter. Larson Financial Group LLC now owns 2,848 shares of the business services provider’s stock worth $50,000 after buying an additional 1,694 shares during the period. Tower Research Capital LLC TRC lifted its holdings in PRA Group by 375.1% during the second quarter. Tower Research Capital LLC TRC now owns 4,784 shares of the business services provider’s stock worth $71,000 after buying an additional 3,777 shares during the period. Finally, CWM LLC lifted its holdings in PRA Group by 39.0% during the fourth quarter. CWM LLC now owns 6,420 shares of the business services provider’s stock worth $114,000 after buying an additional 1,802 shares during the period. Hedge funds and other 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.