PRA Group, Inc. (NASDAQ:PRAA) Receives Consensus Rating of “Hold” from Brokerages

Shares of PRA Group, Inc. (NASDAQ:PRAA) have earned an average recommendation of “Hold” from the five ratings firms that are covering the company, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the company. The average 12-month price target among analysts that have issued a report on the stock in the last year is $25.00.

Several analysts have recently commented on the company. Weiss Ratings reiterated a “sell (d)” rating on shares of PRA Group in a report on Friday, March 27th. Wall Street Zen lowered PRA Group from a “strong-buy” rating to a “buy” rating in a report on Sunday, June 7th.

PRA Group Price Performance

PRA Group stock opened at $14.94 on Friday. PRA Group has a twelve month low of $10.25 and a twelve month high of $22.55. The business has a fifty day moving average of $17.40 and a two-hundred day moving average of $16.43. The firm has a market cap of $569.81 million, a P/E ratio of -2.09 and a beta of 1.14.

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

Institutional Trading of PRA Group

Several hedge funds and other institutional investors have recently made changes to their positions in PRAA. Topline Capital Management LLC raised its stake in PRA Group by 16.2% in the 3rd quarter. Topline Capital Management LLC now owns 2,615,711 shares of the business services provider’s stock worth $40,387,000 after acquiring an additional 365,082 shares during the last quarter. Invenomic Capital Management LP raised its stake in PRA Group by 14.6% in the 3rd quarter. Invenomic Capital Management LP now owns 415,481 shares of the business services provider’s stock worth $6,415,000 after acquiring an additional 53,068 shares during the last quarter. UBS Group AG raised its stake in PRA Group by 87.2% in the 4th quarter. UBS Group AG now owns 346,436 shares of the business services provider’s stock worth $6,128,000 after acquiring an additional 161,407 shares during the last quarter. Inscription Capital LLC purchased a new position in PRA Group in the 4th quarter worth $221,000. Finally, SG Americas Securities LLC raised its stake in PRA Group by 8.8% in the 4th quarter. SG Americas Securities LLC now owns 12,051 shares of the business services provider’s stock worth $213,000 after acquiring an additional 974 shares during the last quarter. Hedge funds and other institutional investors own 97.22% of the company’s stock.

PRA Group Company Profile

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.