PRA Group Inc. (PRAA) Trading 3.8% Higher
Shares of PRA Group Inc. (NASDAQ:PRAA) traded up 3.8% on Tuesday . The company traded as high as $31.46 and last traded at $31.38, with a volume of 236,556 shares. The stock had previously closed at $30.23.
A number of analysts have recently weighed in on the stock. Raymond James Financial Inc. lowered shares of PRA Group from a “strong-buy” rating to an “outperform” rating and cut their price objective for the stock from $47.00 to $32.00 in a research note on Tuesday, May 10th. William Blair reiterated an “outperform” rating on shares of PRA Group in a research note on Friday, May 6th. Zacks Investment Research upgraded shares of PRA Group from a “sell” rating to a “hold” rating in a research note on Tuesday, August 23rd. Finally, First Analysis assumed coverage on shares of PRA Group in a research note on Tuesday, June 7th. They issued an “overweight” rating on the stock. Five research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $32.25.
The stock has a market cap of $1.45 billion and a P/E ratio of 11.68. The company’s 50 day moving average is $28.01 and its 200-day moving average is $27.85.
PRA Group (NASDAQ:PRAA) last posted its quarterly earnings results on Monday, August 8th. The company reported $0.83 EPS for the quarter, hitting the consensus estimate of $0.83. The firm had revenue of $228.50 million for the quarter, compared to analyst estimates of $227.92 million. The company’s revenue was down 3.7% on a year-over-year basis. During the same quarter last year, the firm earned $1.06 EPS. Equities research analysts expect that PRA Group Inc. will post $2.95 EPS for the current year.
In other news, insider Michael J. Petit sold 8,300 shares of the business’s stock in a transaction that occurred on Tuesday, August 9th. The shares were sold at an average price of $28.93, for a total transaction of $240,119.00. Following the completion of the sale, the insider now owns 116,857 shares in the company, valued at approximately $3,380,673.01. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Michael J. Petit sold 3,000 shares of the business’s stock in a transaction that occurred on Friday, July 22nd. The stock was sold at an average price of $28.11, for a total transaction of $84,330.00. Following the sale, the insider now owns 125,157 shares of the company’s stock, valued at approximately $3,518,163.27. The disclosure for this sale can be found here.
A hedge fund recently raised its stake in PRA Group stock. Principal Financial Group Inc. increased its stake in PRA Group Inc. (NASDAQ:PRAA) by 4.1% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 326,236 shares of the company’s stock after buying an additional 12,911 shares during the period. Principal Financial Group Inc. owned about 0.68% of PRA Group worth $11,317,000 as of its most recent filing with the SEC.
PRA Group, Inc (PRA Group), formerly Portfolio Recovery Associates, Inc, is a financial and business services company with operations in the Americas and Europe. The Company is engaged in the acquisition and collection of nonperforming loans in the Americas and Europe. Its business focuses upon the acquisition, collection, and processing of both unpaid and normal-course accounts receivable originally owed to credit grantors, government entities and others.
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