Keefe, Bruyette & Woods set a $35.00 target price on Pra Group (NASDAQ:PRAA) in a research report released on Thursday morning. The brokerage currently has a hold rating on the business services provider’s stock.
A number of other analysts have also recently weighed in on the company. ValuEngine raised Pra Group from a hold rating to a buy rating in a research report on Tuesday, May 22nd. BidaskClub raised Pra Group from a sell rating to a hold rating in a research report on Monday, May 14th. Finally, Oppenheimer reissued a hold rating on shares of Pra Group in a research report on Wednesday, June 6th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and two have given a buy rating to the stock. The stock currently has an average rating of Hold and a consensus target price of $35.00.
Shares of Pra Group traded up $0.35, reaching $37.35, during trading on Thursday, MarketBeat Ratings reports. The company’s stock had a trading volume of 266,426 shares, compared to its average volume of 257,311. The stock has a market capitalization of $1.68 billion, a price-to-earnings ratio of 23.13 and a beta of 1.50. Pra Group has a 1-year low of $25.72 and a 1-year high of $43.75.
Pra Group (NASDAQ:PRAA) last posted its quarterly earnings data on Tuesday, August 7th. The business services provider reported $0.43 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.42 by $0.01. The firm had revenue of $221.52 million during the quarter, compared to analysts’ expectations of $214.17 million. Pra Group had a return on equity of 6.41% and a net margin of 16.81%. equities research analysts forecast that Pra Group will post 1.68 EPS for the current year.
In other Pra Group news, insider Steven D. Fredrickson sold 13,621 shares of Pra Group stock in a transaction dated Wednesday, June 6th. The stock was sold at an average price of $40.02, for a total transaction of $545,112.42. Following the completion of the sale, the insider now owns 319,346 shares of the company’s stock, valued at approximately $12,780,226.92. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Steven D. Fredrickson sold 7,500 shares of Pra Group stock in a transaction dated Thursday, June 14th. The stock was sold at an average price of $41.02, for a total value of $307,650.00. Following the sale, the insider now directly owns 321,948 shares of the company’s stock, valued at approximately $13,206,306.96. The disclosure for this sale can be found here. Insiders sold a total of 44,454 shares of company stock valued at $1,832,179 in the last three months. Insiders own 2.34% of the company’s stock.
A number of institutional investors and hedge funds have recently modified their holdings of the business. Scout Investments Inc. lifted its position in Pra Group by 1.6% during the 2nd quarter. Scout Investments Inc. now owns 90,071 shares of the business services provider’s stock worth $3,472,000 after acquiring an additional 1,439 shares during the period. Prudential Financial Inc. lifted its holdings in shares of Pra Group by 2.3% in the 1st quarter. Prudential Financial Inc. now owns 76,549 shares of the business services provider’s stock valued at $2,909,000 after buying an additional 1,750 shares during the period. Oppenheimer Asset Management Inc. lifted its holdings in shares of Pra Group by 2.3% in the 1st quarter. Oppenheimer Asset Management Inc. now owns 82,533 shares of the business services provider’s stock valued at $3,137,000 after buying an additional 1,889 shares during the period. Xact Kapitalforvaltning AB lifted its holdings in shares of Pra Group by 29.0% in the 2nd quarter. Xact Kapitalforvaltning AB now owns 8,895 shares of the business services provider’s stock valued at $343,000 after buying an additional 2,000 shares during the period. Finally, Swiss National Bank lifted its holdings in shares of Pra Group by 2.7% in the 1st quarter. Swiss National Bank now owns 78,500 shares of the business services provider’s stock valued at $2,983,000 after buying an additional 2,100 shares during the period.
About Pra Group
PRA Group, Inc, a financial and business services company, engages in the purchase, collection, and management of portfolios of nonperforming loans in the Americas and Europe. It is involved in the acquisition of accounts that are primarily the unpaid obligations of individuals owed to credit grantors, which include banks and other types of consumer, retail, and auto finance companies.
Further Reading: Price to Earnings Ratio (PE) Basics
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