PRA Group, Inc. (NASDAQ:PRAA) Given Consensus Rating of “Hold” by Analysts
PRA Group, Inc. (NASDAQ:PRAA) has been assigned an average rating of “Hold” from the seven ratings firms that are currently covering the firm, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and three have given a buy rating to the company. The average 1-year target price among analysts that have issued ratings on the stock in the last year is $41.00.
PRAA has been the subject of a number of recent analyst reports. Zacks Investment Research raised shares of PRA Group from a “strong sell” rating to a “hold” rating in a report on Tuesday, May 2nd. Keefe, Bruyette & Woods initiated coverage on shares of PRA Group in a report on Wednesday, May 24th. They set an “outperform” rating and a $40.00 price target for the company. Finally, BidaskClub raised shares of PRA Group from a “hold” rating to a “buy” rating in a report on Thursday, June 29th.
PRA Group (PRAA) traded up 2.56% on Tuesday, hitting $40.05. 723,830 shares of the stock were exchanged. PRA Group has a 1-year low of $23.15 and a 1-year high of $42.70. The company has a 50-day moving average price of $38.01 and a 200 day moving average price of $36.35. The company has a market capitalization of $1.86 billion, a PE ratio of 18.43 and a beta of 1.49.
PRA Group (NASDAQ:PRAA) last issued its quarterly earnings results on Tuesday, May 9th. The business services provider reported $0.38 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.44 by $0.06. PRA Group had a return on equity of 7.57% and a net margin of 12.47%. The firm had revenue of $206.56 million for the quarter, compared to the consensus estimate of $198.48 million. During the same period last year, the company posted $0.85 EPS. The business’s revenue was down 8.1% on a year-over-year basis. Analysts anticipate that PRA Group will post $2.05 EPS for the current fiscal year.
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In related news, Director Geir Olsen acquired 142,000 shares of the company’s stock in a transaction that occurred on Tuesday, May 23rd. The stock was acquired at an average price of $34.55 per share, with a total value of $4,906,100.00. Following the purchase, the director now directly owns 27,162 shares in the company, valued at $938,447.10. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 2.10% of the stock is owned by corporate insiders.
A number of institutional investors have recently modified their holdings of the stock. BlackRock Inc. boosted its stake in shares of PRA Group by 53,101.9% in the first quarter. BlackRock Inc. now owns 6,007,031 shares of the business services provider’s stock valued at $199,134,000 after buying an additional 5,995,740 shares during the last quarter. Turtle Creek Asset Management Inc. boosted its stake in shares of PRA Group by 104.0% in the first quarter. Turtle Creek Asset Management Inc. now owns 4,303,119 shares of the business services provider’s stock valued at $142,648,000 after buying an additional 2,194,100 shares during the last quarter. Vanguard Group Inc. boosted its stake in shares of PRA Group by 9.4% in the first quarter. Vanguard Group Inc. now owns 4,186,390 shares of the business services provider’s stock valued at $138,779,000 after buying an additional 360,823 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of PRA Group by 16.4% in the first quarter. Dimensional Fund Advisors LP now owns 1,526,255 shares of the business services provider’s stock valued at $50,595,000 after buying an additional 215,028 shares during the last quarter. Finally, WS Management Lllp boosted its stake in shares of PRA Group by 12.3% in the first quarter. WS Management Lllp now owns 1,346,870 shares of the business services provider’s stock valued at $44,649,000 after buying an additional 147,230 shares during the last quarter.
PRA Group Company Profile
PRA Group, Inc (PRA Group) is a financial and business services company with operations in the Americas and Europe. The Company’s primary business is the purchase, collection and management of portfolios of nonperforming loans. The Company operates through the account receivables management segment. It also provides fee-based services, such as vehicle location, skip tracing and collateral recovery for auto lenders, government entities and law enforcement; revenue administration, audit and revenue discovery/recovery services for local government entities; class action claims recovery services and purchases; servicing of consumer bankruptcy accounts in the United States, and contingent collections of nonperforming loans in Europe and South America.
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