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

PRA Group, Inc. (NASDAQ:PRAA) has received a consensus rating of “Hold” from the five analysts that are presently covering the company, Marketbeat Ratings reports. One research analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation, one has given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is $26.00.

Several equities analysts have recently issued reports on the stock. Zacks Research upgraded shares of PRA Group from a “hold” rating to a “strong-buy” rating in a report on Monday, August 10th. Weiss Ratings reissued a “sell (d)” rating on shares of PRA Group in a research report on Wednesday, June 24th. Finally, Wall Street Zen upgraded PRA Group from a “buy” rating to a “strong-buy” rating in a research note on Saturday, August 15th.

Hedge Funds Weigh In On PRA Group

Institutional investors have recently modified their holdings of the stock. BlackRock Inc. purchased a new stake in shares of PRA Group in the second quarter worth about $84,183,000. Topline Capital Management LLC grew its holdings in PRA Group by 168.3% during the second quarter. Topline Capital Management LLC now owns 2,250,629 shares of the business services provider’s stock worth $33,197,000 after acquiring an additional 1,411,707 shares during the period. State Street Corp raised its position in PRA Group by 0.3% during the fourth quarter. State Street Corp now owns 1,499,488 shares of the business services provider’s stock valued at $26,526,000 after acquiring an additional 4,895 shares in the last quarter. Wellington Management Group LLP raised its position in PRA Group by 13.7% during the fourth quarter. Wellington Management Group LLP now owns 1,296,830 shares of the business services provider’s stock valued at $22,941,000 after acquiring an additional 156,520 shares in the last quarter. Finally, Invesco Ltd. lifted its holdings in PRA Group by 15.5% in the second quarter. Invesco Ltd. now owns 819,742 shares of the business services provider’s stock valued at $12,091,000 after acquiring an additional 109,857 shares during the period. Hedge funds and other institutional investors own 97.22% of the company’s stock.

PRA Group Price Performance

Shares of NASDAQ:PRAA opened at $18.99 on Friday. The business’s 50-day moving average is $18.51 and its 200 day moving average is $17.44. PRA Group has a 1 year low of $10.25 and a 1 year high of $22.55. The firm has a market capitalization of $714.97 million, a P/E ratio of -2.82 and a beta of 1.11.

PRA Group (NASDAQ:PRAA) last released its quarterly earnings results on Thursday, August 6th. The business services provider reported $1.51 EPS for the quarter, beating analysts’ consensus estimates of $0.52 by $0.99. The company had revenue of $372.17 million during the quarter, compared to analysts’ expectations of $299.99 million. PRA Group had a positive return on equity of 15.56% and a negative net margin of 19.91%. On average, analysts expect that PRA Group will post 3.93 EPS for the current year.

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.