PRA Group (NASDAQ:PRAA) Stock Price Up 8.2% – What’s Next?

PRA Group, Inc. (NASDAQ:PRAA) shares were up 8.2% during trading on Friday . The company traded as high as $14.73 and last traded at $14.7840. Approximately 193,995 shares were traded during mid-day trading, a decline of 47% from the average daily volume of 366,070 shares. The stock had previously closed at $13.66.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the company. Wall Street Zen upgraded PRA Group from a “sell” rating to a “hold” rating in a report on Saturday, August 9th. Citigroup restated an “outperform” rating on shares of PRA Group in a research note on Tuesday, August 5th. Truist Financial decreased their target price on shares of PRA Group from $33.00 to $26.00 and set a “buy” rating for the company in a report on Tuesday. JMP Securities set a $24.00 price target on shares of PRA Group and gave the company a “market outperform” rating in a report on Tuesday, August 5th. Finally, Weiss Ratings restated a “sell (d+)” rating on shares of PRA Group in a report on Wednesday, October 8th. Three research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $25.00.

PRA Group Price Performance

The company has a market cap of $580.13 million, a PE ratio of 6.37 and a beta of 1.41. The business has a 50-day moving average of $15.26 and a 200 day moving average of $15.48.

PRA Group (NASDAQ:PRAA) last released its quarterly earnings results on Monday, November 3rd. The business services provider reported $0.53 EPS for the quarter, beating the consensus estimate of $0.50 by $0.03. The firm had revenue of $247.08 million during the quarter, compared to analyst estimates of $295.77 million. PRA Group had a net margin of 8.10% and a return on equity of 6.52%. On average, equities analysts predict that PRA Group, Inc. will post 2.1 EPS for the current fiscal year.

Institutional Investors Weigh In On PRA Group

Hedge funds and other institutional investors have recently modified their holdings of the stock. Deutsche Bank AG grew its stake in shares of PRA Group by 156.1% during the 1st quarter. Deutsche Bank AG now owns 88,460 shares of the business services provider’s stock valued at $1,824,000 after acquiring an additional 53,922 shares during the period. Wolverine Asset Management LLC lifted its holdings in PRA Group by 63.9% during the first quarter. Wolverine Asset Management LLC now owns 56,698 shares of the business services provider’s stock valued at $1,169,000 after purchasing an additional 22,114 shares in the last quarter. Global Alpha Capital Management Ltd. lifted its position in shares of PRA Group by 6.4% in the first quarter. Global Alpha Capital Management Ltd. now owns 2,018,200 shares of the business services provider’s stock valued at $41,615,000 after acquiring an additional 122,200 shares in the last quarter. Public Employees Retirement System of Ohio boosted its stake in shares of PRA Group by 2,650.7% in the second quarter. Public Employees Retirement System of Ohio now owns 43,708 shares of the business services provider’s stock worth $645,000 after acquiring an additional 42,119 shares during the period. Finally, Hsbc Holdings PLC raised its stake in PRA Group by 110.5% during the 1st quarter. Hsbc Holdings PLC now owns 79,775 shares of the business services provider’s stock valued at $1,641,000 after purchasing an additional 41,875 shares during the period. 97.22% of the stock is currently owned by hedge funds and other institutional investors.

PRA Group Company Profile

PRA Group, Inc, a financial and business services company, engages in the purchase, collection, and management of portfolios of nonperforming loans worldwide. It is involved in the purchase of accounts that are primarily the unpaid obligations of individuals owed to credit originators, which include banks and other types of consumer, retail, and auto finance companies.