PRA Group, Inc. (NASDAQ:PRAA) Receives $25.00 Average Price Target 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 firm, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and three have issued a buy rating on the company. The average twelve-month price objective among analysts that have issued ratings on the stock in the last year is $25.00.

Several analysts have issued reports on PRAA shares. Weiss Ratings restated a “sell (d)” rating on shares of PRA Group in a research report on Monday, December 29th. 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, Truist Financial dropped their price objective on shares of PRA Group from $33.00 to $26.00 and set a “buy” rating for the company in a research note on Tuesday, November 4th.

Insider Buying and Selling

In related news, Director Geir Olsen purchased 15,000 shares of the firm’s stock in a transaction that occurred on Thursday, November 6th. The shares were acquired at an average price 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 $833,901.95. This represents a 34.14% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. 2.00% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On PRA Group

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. State of Alaska Department of Revenue raised its position in PRA Group by 8.1% in the 2nd quarter. State of Alaska Department of Revenue now owns 23,622 shares of the business services provider’s stock valued at $347,000 after purchasing an additional 1,775 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS bought a new stake in shares of PRA Group during the second quarter worth $150,000. Public Employees Retirement System of Ohio increased its stake in shares of PRA Group by 2,650.7% in the second quarter. Public Employees Retirement System of Ohio now owns 43,708 shares of the business services provider’s stock valued at $645,000 after buying an additional 42,119 shares in the last quarter. Capital Management Corp VA increased its stake in shares of PRA Group by 56.1% in the second quarter. Capital Management Corp VA now owns 551,523 shares of the business services provider’s stock valued at $8,135,000 after buying an additional 198,152 shares in the last quarter. Finally, Advent Capital Management DE bought a new position in shares of PRA Group in the second quarter valued at about $84,000. 97.22% of the stock is currently owned by institutional investors and hedge funds.

PRA Group Stock Up 1.6%

Shares of NASDAQ PRAA opened at $16.17 on Thursday. The business’s 50 day moving average is $16.84 and its two-hundred day moving average is $16.03. The company has a market cap of $630.79 million, a P/E ratio of -1.84 and a beta of 1.33. PRA Group has a 12 month low of $12.29 and a 12 month high of $23.97.

PRA Group (NASDAQ:PRAA) last announced its quarterly earnings data on Monday, November 3rd. The business services provider reported $0.53 earnings per share (EPS) for the quarter, topping 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 business had revenue of $247.08 million for the quarter, compared to the consensus estimate of $295.77 million. Sell-side analysts expect 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.