PRA Group, Inc. (NASDAQ:PRAA) Given Consensus Recommendation of “Hold” by Analysts

PRA Group, Inc. (NASDAQ:PRAA) has earned an average rating of “Hold” from the five brokerages that are covering the stock, MarketBeat reports. One analyst has rated the stock with a sell recommendation, three have given a hold recommendation and one has issued a buy recommendation on the company. The average 1 year target price among brokerages that have covered the stock in the last year is $26.00.

A number of brokerages have issued reports on PRAA. Weiss Ratings restated a “sell (d)” rating on shares of PRA Group in a research report on Wednesday, June 24th. Wall Street Zen cut 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 $19.79 on Monday. The company’s 50-day moving average price is $17.09 and its 200-day moving average price is $16.60. The company has a market cap of $754.81 million, a PE ratio of -2.94 and a beta of 1.11. PRA Group has a twelve month low of $10.25 and a twelve month high of $22.55.

PRA Group (NASDAQ:PRAA) last announced its quarterly earnings results on Thursday, August 6th. The business services provider reported $1.51 EPS for the quarter, beating analysts’ consensus estimates of $0.52 by $0.99. The firm had revenue of $372.17 million during the quarter, compared to the consensus estimate of $299.99 million. PRA Group had a negative net margin of 19.91% and a positive return on equity of 15.56%. As a group, sell-side analysts expect that PRA Group will post 2.52 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the business. Los Angeles Capital Management LLC purchased a new stake in shares of PRA Group during the fourth quarter valued at $27,000. EverSource Wealth Advisors LLC boosted its stake in shares of PRA Group by 145.6% during the fourth quarter. EverSource Wealth Advisors LLC now owns 2,481 shares of the business services provider’s stock valued at $44,000 after purchasing an additional 1,471 shares in the last quarter. Meeder Asset Management Inc. bought a new stake in PRA Group during the second quarter valued at about $49,000. Larson Financial Group LLC grew its stake in PRA Group by 146.8% in the fourth quarter. Larson Financial Group LLC now owns 2,848 shares of the business services provider’s stock valued at $50,000 after purchasing an additional 1,694 shares during the last quarter. Finally, Tower Research Capital LLC TRC boosted its stake in PRA Group by 375.1% in the second 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 in 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.