BidaskClub Lowers PRA Group, Inc. (PRAA) to Hold
BidaskClub lowered shares of PRA Group, Inc. (NASDAQ:PRAA) from a buy rating to a hold rating in a report released on Friday morning.
Several other analysts also recently weighed in on PRAA. Zacks Investment Research upgraded PRA Group from a strong sell rating to a hold rating in a research note on Tuesday, May 2nd. Keefe, Bruyette & Woods initiated coverage on PRA Group in a research note on Wednesday, May 24th. They issued an outperform rating and a $40.00 price target on the stock. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and three have given a buy rating to the stock. PRA Group has an average rating of Hold and an average target price of $38.00.
Shares of PRA Group (NASDAQ PRAA) opened at 30.35 on Friday. The firm has a market cap of $1.37 billion, a PE ratio of 18.51 and a beta of 1.49. PRA Group has a 52 week low of $23.15 and a 52 week high of $42.70. The firm has a 50-day moving average price of $37.21 and a 200-day moving average price of $36.05.
PRA Group (NASDAQ:PRAA) last posted its earnings results on Tuesday, August 8th. The business services provider reported $0.25 earnings per share for the quarter, missing analysts’ consensus estimates of $0.48 by $0.23. PRA Group had a return on equity of 4.69% and a net margin of 9.76%. The firm had revenue of $200.30 million for the quarter, compared to analysts’ expectations of $208.97 million. During the same quarter last year, the company posted $0.83 EPS. The firm’s revenue was down 12.3% on a year-over-year basis. On average, equities research analysts predict that PRA Group will post $2.09 earnings per share for the current year.
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In other PRA Group news, Director Geir Olsen bought 142,000 shares of the business’s stock in a transaction on Tuesday, May 23rd. The shares were acquired at an average cost of $34.55 per share, for a total transaction of $4,906,100.00. Following the purchase, the director now owns 27,162 shares in the company, valued at approximately $938,447.10. The purchase was disclosed in a legal filing with the SEC, which is available through this hyperlink. Company insiders own 2.10% of the company’s stock.
Institutional investors have recently added to or reduced their stakes in the stock. State of Alaska Department of Revenue boosted its position in PRA Group by 1.8% in the first quarter. State of Alaska Department of Revenue now owns 5,110 shares of the business services provider’s stock valued at $169,000 after buying an additional 90 shares during the last quarter. Amalgamated Bank boosted its position in PRA Group by 2.5% in the second quarter. Amalgamated Bank now owns 6,393 shares of the business services provider’s stock valued at $242,000 after buying an additional 154 shares during the last quarter. Huntington National Bank boosted its position in PRA Group by 5.5% in the second quarter. Huntington National Bank now owns 3,084 shares of the business services provider’s stock valued at $117,000 after buying an additional 162 shares during the last quarter. Advisor Group Inc. boosted its position in PRA Group by 3.5% in the second quarter. Advisor Group Inc. now owns 5,829 shares of the business services provider’s stock valued at $221,000 after buying an additional 196 shares during the last quarter. Finally, Bell Bank boosted its position in PRA Group by 3.0% in the first quarter. Bell Bank now owns 8,153 shares of the business services provider’s stock valued at $270,000 after buying an additional 235 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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