PRA Group (NASDAQ:PRAA) Stock Rating Upgraded by Wall Street Zen

PRA Group (NASDAQ:PRAA) was upgraded by investment analysts at Wall Street Zen from a “buy” rating to a “strong-buy” rating in a research report issued on Saturday, Wall Street Zen reports.

Several other analysts have also issued reports on PRAA. Zacks Research upgraded shares of PRA Group from a “hold” rating to a “strong-buy” rating in a research report on Monday, August 10th. Weiss Ratings reiterated a “sell (d)” rating on shares of PRA Group in a research report on Monday, September 21st. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, PRA Group has an average rating of “Hold” and a consensus price target of $26.00.

PRA Group Price Performance

PRA Group stock opened at $20.65 on Friday. The business has a 50-day simple moving average of $18.96 and a two-hundred day simple moving average of $18.10. The company has a market cap of $777.47 million, a P/E ratio of -3.07 and a beta of 1.11. PRA Group has a 52-week low of $10.25 and a 52-week high of $22.55.

PRA Group (NASDAQ:PRAA) last released its quarterly earnings results on Thursday, August 6th. The business services provider reported $1.51 EPS for the quarter, beating the consensus estimate of $0.52 by $0.99. PRA Group had a negative net margin of 19.91% and a positive return on equity of 15.56%. The firm had revenue of $372.17 million during the quarter, compared to analyst estimates of $299.99 million. Research analysts anticipate that PRA Group will post 3.93 EPS for the current fiscal year.

Institutional Trading of PRA Group

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. EverSource Wealth Advisors LLC lifted its stake in PRA Group by 49.6% in the 1st quarter. EverSource Wealth Advisors LLC now owns 3,711 shares of the business services provider’s stock worth $65,000 after purchasing an additional 1,230 shares in the last quarter. Meeder Asset Management Inc. bought a new position in shares of PRA Group during the 2nd quarter valued at about $49,000. Inspire Investing LLC grew its position in shares of PRA Group by 11.1% during the first quarter. Inspire Investing LLC now owns 29,446 shares of the business services provider’s stock valued at $515,000 after purchasing an additional 2,941 shares in the last quarter. SG Americas Securities LLC grew its position in shares of PRA Group by 27.1% during the first quarter. SG Americas Securities LLC now owns 15,318 shares of the business services provider’s stock valued at $268,000 after purchasing an additional 3,267 shares in the last quarter. Finally, Counterpoint Mutual Funds LLC increased its holdings in shares of PRA Group by 12.0% in the first quarter. Counterpoint Mutual Funds LLC now owns 32,416 shares of the business services provider’s stock worth $567,000 after purchasing an additional 3,479 shares during the last quarter. Institutional investors own 97.22% of the company’s stock.

PRA Group Company Profile

PRA Group, Inc is a global financial services company that purchases portfolios of accounts receivable from banks, credit unions, consumer finance companies and other creditors. These portfolios generally consist of nonperforming or distressed consumer accounts, including unpaid credit card balances, personal loans and other forms of unsecured debt.

After acquiring receivables, PRA Group works directly with consumers to establish repayment arrangements and resolve outstanding obligations.