Analysts Set PRA Group, Inc. (NASDAQ:PRAA) Target Price at $25.00

PRA Group, Inc. (NASDAQ:PRAA) has earned a consensus rating of “Hold” from the five analysts that are presently covering the company, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation, three have issued a hold recommendation and one has given a buy recommendation to the company. The average 1-year price objective among analysts that have issued a report on the stock in the last year is $25.00.

A number of equities analysts recently issued reports on PRAA shares. Wall Street Zen lowered PRA Group from a “strong-buy” rating to a “buy” rating in a report on Sunday, June 7th. Weiss Ratings reissued a “sell (d)” rating on shares of PRA Group in a report on Friday, March 27th.

PRA Group Trading Up 1.0%

NASDAQ:PRAA opened at $18.18 on Friday. The firm has a market capitalization of $693.39 million, a PE ratio of -2.54 and a beta of 1.14. The stock has a 50 day moving average of $17.24 and a 200-day moving average of $16.44. PRA Group has a 52 week low of $10.25 and a 52 week high of $22.55.

PRA Group (NASDAQ:PRAA) last issued its quarterly earnings data on Thursday, May 7th. The business services provider reported $0.73 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 business had revenue of $314.53 million during the quarter, compared to analyst estimates of $295.90 million. As a group, analysts predict that PRA Group will post 2.52 EPS for the current fiscal year.

Hedge Funds Weigh In On PRA Group

A number of institutional investors and hedge funds have recently added to or reduced their stakes in PRAA. Los Angeles Capital Management LLC bought a new position in PRA Group in the 4th quarter worth approximately $27,000. EverSource Wealth Advisors LLC grew its holdings in PRA Group by 145.6% in the 4th 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 in the last quarter. Larson Financial Group LLC boosted its stake in PRA Group by 146.8% during the 4th quarter. Larson Financial Group LLC now owns 2,848 shares of the business services provider’s stock valued at $50,000 after purchasing an additional 1,694 shares in the last quarter. Tower Research Capital LLC TRC boosted its stake in PRA Group by 375.1% during the 2nd quarter. Tower Research Capital LLC TRC now owns 4,784 shares of the business services provider’s stock valued at $71,000 after purchasing an additional 3,777 shares in the last quarter. Finally, Globeflex Capital L P bought a new position in PRA Group during the 2nd quarter valued at $102,000. 97.22% of the stock is owned by institutional investors.

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.