PRA Group, Inc. (NASDAQ:PRAA) Receives Average Rating of “Moderate Buy” from Brokerages

PRA Group, Inc. (NASDAQ:PRAA) has been assigned a consensus rating of “Moderate Buy” from the five research firms that are covering the firm, MarketBeat reports. One investment analyst has rated the stock with a sell rating, three have issued a buy rating and one has given a strong buy rating to the company. The average 1-year target price among brokerages that have covered the stock in the last year is $25.00.

A number of research analysts have weighed in on the stock. Citigroup reiterated an “outperform” rating on shares of PRA Group in a research report on Tuesday, August 5th. Wall Street Zen raised PRA Group from a “sell” rating to a “hold” rating in a research note on Saturday, August 9th. JMP Securities set a $24.00 price target on PRA Group and gave the stock a “market outperform” rating in a research note on Tuesday, August 5th. Truist Financial dropped their price objective on PRA Group from $33.00 to $26.00 and set a “buy” rating for the company in a report on Tuesday. Finally, Weiss Ratings reiterated a “sell (d+)” rating on shares of PRA Group in a research note on Wednesday, October 8th.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. GAMMA Investing LLC raised its stake in shares of PRA Group by 301.0% in the third quarter. GAMMA Investing LLC now owns 1,684 shares of the business services provider’s stock worth $26,000 after purchasing an additional 1,264 shares during the last quarter. CWM LLC raised its position in PRA Group by 140.0% during the 3rd quarter. CWM LLC now owns 4,618 shares of the business services provider’s stock worth $71,000 after buying an additional 2,694 shares during the last quarter. Tower Research Capital LLC TRC lifted 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 acquiring an additional 3,777 shares during the period. Advent Capital Management DE purchased a new stake in shares of PRA Group in the 2nd quarter valued at $84,000. Finally, Globeflex Capital L P acquired a new stake in shares of PRA Group in the second quarter worth $102,000. 97.22% of the stock is currently owned by hedge funds and other institutional investors.

PRA Group Stock Performance

Shares of PRAA opened at $14.74 on Friday. PRA Group has a fifty-two week low of $12.29 and a fifty-two week high of $24.90. The company’s fifty day moving average is $15.21 and its 200 day moving average is $15.46. The stock has a market capitalization of $575.95 million, a PE ratio of 6.33 and a beta of 1.41.

PRA Group (NASDAQ:PRAA) last announced its earnings results on Monday, November 3rd. The business services provider reported $0.53 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.50 by $0.03. PRA Group had a net margin of 8.10% and a return on equity of 6.52%. The firm had revenue of $247.08 million for the quarter, compared to analysts’ expectations of $295.77 million. As a group, research analysts forecast that PRA Group will post 2.1 earnings per share for the current year.

About PRA Group

PRA Group, Inc, a financial and business services company, engages in the purchase, collection, and management of portfolios of nonperforming loans worldwide. It is involved in the purchase of accounts that are primarily the unpaid obligations of individuals owed to credit originators, which include banks and other types of consumer, retail, and auto finance companies.