PRA Group (NASDAQ:PRAA) Stock Price Passes Above 200-Day Moving Average – Should You Sell?

Shares of PRA Group, Inc. (NASDAQ:PRAA) crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $15.33 and traded as high as $16.56. PRA Group shares last traded at $16.01, with a volume of 449,396 shares changing hands.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the stock. Citigroup restated an “outperform” rating on shares of PRA Group in a research report on Tuesday, August 5th. Truist Financial cut their price target 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. Zacks Research upgraded PRA Group from a “hold” rating to a “strong-buy” rating in a report on Thursday, November 6th. Weiss Ratings reiterated a “sell (d)” rating on shares of PRA Group in a research report on Tuesday. Finally, Wall Street Zen raised PRA Group from a “sell” rating to a “hold” rating in a research note on Saturday, August 9th. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, PRA Group currently has a consensus rating of “Moderate Buy” and a consensus price target of $25.00.

PRA Group Price Performance

The business has a 50 day simple moving average of $15.06 and a 200 day simple moving average of $15.32. The company has a market capitalization of $632.04 million, a price-to-earnings ratio of 6.95 and a beta of 1.41.

PRA Group (NASDAQ:PRAA) last posted its quarterly earnings data 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 return on equity of 6.52% and a net margin of 8.10%.The firm had revenue of $247.08 million for the quarter, compared to the consensus estimate of $295.77 million. On average, equities research analysts predict that PRA Group, Inc. will post 2.1 EPS for the current year.

Insider Activity

In other PRA Group news, Director Geir Olsen bought 15,000 shares of the business’s stock in a transaction that occurred on Thursday, November 6th. The shares were purchased at an average cost of $14.15 per share, with a total value of $212,250.00. Following the purchase, the director directly 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 document filed with the SEC, which can be accessed through the SEC website. Corporate insiders own 2.00% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of PRAA. The Manufacturers Life Insurance Company increased its position in shares of PRA Group by 5.6% in the second quarter. The Manufacturers Life Insurance Company now owns 14,523 shares of the business services provider’s stock valued at $214,000 after buying an additional 768 shares in the last quarter. Arizona State Retirement System boosted its position in shares of PRA Group by 7.1% in the 3rd quarter. Arizona State Retirement System now owns 11,728 shares of the business services provider’s stock worth $181,000 after buying an additional 781 shares in the last quarter. Mariner LLC grew its stake in PRA Group by 3.2% in the 3rd quarter. Mariner LLC now owns 31,045 shares of the business services provider’s stock valued at $479,000 after acquiring an additional 975 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in PRA Group by 4.6% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 23,081 shares of the business services provider’s stock valued at $476,000 after acquiring an additional 1,020 shares in the last quarter. Finally, GAMMA Investing LLC raised its position in PRA Group by 301.0% during the third 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. 97.22% of the stock is currently owned by hedge funds and other institutional investors.

About PRA Group

PRA Group, Inc, a financial and business services company, engages in the purchase, collection, and management of portfolios of nonperforming loans worldwide. It is involved in the purchase of accounts that are primarily the unpaid obligations of individuals owed to credit originators, which include banks and other types of consumer, retail, and auto finance companies.