PRA Group, Inc. (NASDAQ:PRAA) Receives $25.00 Average Target Price from Analysts

PRA Group, Inc. (NASDAQ:PRAA) has received an average rating of “Hold” from the five analysts that are currently covering the firm, MarketBeat reports. One research analyst has rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the company. The average 1 year price objective among analysts that have issued ratings on the stock in the last year is $25.00.

A number of research firms have weighed in on PRAA. Zacks Research downgraded PRA Group from a “strong-buy” rating to a “hold” rating in a research note on Monday, January 5th. Truist Financial decreased 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 report on Tuesday, November 4th. Citigroup downgraded PRA Group from an “outperform” rating to a “market perform” rating in a report on Wednesday, January 28th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of PRA Group in a research report on Monday, December 29th. Finally, 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.

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 lifted its stake in PRA Group by 5.6% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 14,523 shares of the business services provider’s stock valued at $214,000 after purchasing an additional 768 shares during the last quarter. Arizona State Retirement System increased its holdings in shares of PRA Group by 7.1% during the third 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. Focus Partners Wealth increased its holdings in shares of PRA Group by 1.0% during the fourth quarter. Focus Partners Wealth now owns 94,900 shares of the business services provider’s stock worth $1,679,000 after buying an additional 927 shares in the last quarter. SG Americas Securities LLC lifted its stake in shares of PRA Group by 8.8% in the 4th quarter. SG Americas Securities LLC now owns 12,051 shares of the business services provider’s stock valued at $213,000 after acquiring an additional 974 shares during the last quarter. Finally, Mariner LLC boosted its holdings in shares of PRA Group by 3.2% during 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 in the last quarter. Institutional investors own 97.22% of the company’s stock.

PRA Group Trading Up 4.3%

Shares of PRAA opened at $11.47 on Monday. PRA Group has a 12 month low of $10.33 and a 12 month high of $23.93. The firm has a fifty day simple moving average of $15.28 and a 200 day simple moving average of $15.57. The stock has a market capitalization of $447.44 million, a price-to-earnings ratio of -1.30 and a beta of 1.29.

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.