Media coverage about PRA Group (NASDAQ:PRAA) has been trending somewhat positive on Saturday, AlphaOne Sentiment Analysis reports. The research group, a division of Accern, identifies negative and positive media coverage by monitoring more than 20 million news and blog sources in real-time. AlphaOne ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. PRA Group earned a media sentiment score of 0.11 on AlphaOne’s scale. AlphaOne also gave media coverage about the business services provider an impact score of 0 out of 100, meaning that recent media coverage is extremely unlikely to have an effect on the stock’s share price in the immediate future.
PRAA has been the topic of several recent research reports. Zacks Investment Research upgraded PRA Group from a “strong sell” rating to a “hold” rating in a report on Friday, March 3rd. Keefe, Bruyette & Woods initiated coverage on PRA Group in a report on Wednesday, May 24th. They set an “outperform” rating and a $40.00 price target on the stock. One research analyst has rated the stock with a hold rating and three have given a buy rating to the company. PRA Group currently has an average rating of “Buy” and a consensus price target of $38.00.
Shares of PRA Group (PRAA) traded down 1.64% during midday trading on Friday, reaching $35.90. The company’s stock had a trading volume of 460,814 shares. The firm has a market capitalization of $1.67 billion, a price-to-earnings ratio of 16.52 and a beta of 1.66. PRA Group has a 52 week low of $21.93 and a 52 week high of $42.70. The firm’s 50 day moving average is $35.61 and its 200 day moving average is $36.20.
PRA Group (NASDAQ:PRAA) last issued its quarterly earnings data on Tuesday, May 9th. The business services provider reported $0.38 EPS for the quarter, missing the Zacks’ consensus estimate of $0.44 by $0.06. The company had revenue of $206.56 million for the quarter, compared to analyst estimates of $198.48 million. PRA Group had a return on equity of 7.57% and a net margin of 12.47%. The company’s revenue for the quarter was down 8.1% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.85 EPS. Equities analysts forecast that PRA Group will post $2.05 EPS for the current fiscal year.
In related news, Director Geir Olsen acquired 142,000 shares of PRA Group stock in a transaction on Tuesday, May 23rd. The shares were bought at an average price of $34.55 per share, for a total transaction of $4,906,100.00. Following the completion of the purchase, the director now directly owns 27,162 shares in the company, valued at approximately $938,447.10. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 1.70% of the company’s stock.
PRA Group Company Profile
PRA Group, Inc (PRA Group) is a financial and business services company with operations in the Americas and Europe. The Company’s primary business is the purchase, collection and management of portfolios of nonperforming loans. The Company operates through the account receivables management segment. It also provides fee-based services, such as vehicle location, skip tracing and collateral recovery for auto lenders, government entities and law enforcement; revenue administration, audit and revenue discovery/recovery services for local government entities; class action claims recovery services and purchases; servicing of consumer bankruptcy accounts in the United States, and contingent collections of nonperforming loans in Europe and South America.
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