PRA Group (NASDAQ:PRAA) Stock Passes Above Two Hundred Day Moving Average – What’s Next?

PRA Group, Inc. (NASDAQ:PRAA) shares passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $15.52 and traded as high as $18.23. PRA Group shares last traded at $18.04, with a volume of 234,050 shares trading hands.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the company. Weiss Ratings restated a “sell (d)” rating on shares of PRA Group in a research note on Friday, March 27th. Citizens Jmp downgraded PRA Group from a “market outperform” rating to a “market perform” rating in a research note on Wednesday, January 28th. Zacks Research downgraded PRA Group from a “strong-buy” rating to a “hold” rating in a research note on Monday, January 5th. Finally, Citigroup downgraded PRA Group from an “outperform” rating to a “market perform” rating in a research note on Wednesday, January 28th. One equities research analyst has rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $25.00.

PRA Group Stock Performance

The firm has a market cap of $724.01 million, a price-to-earnings ratio of -2.41 and a beta of 1.14. The business has a 50 day simple moving average of $15.02 and a 200-day simple moving average of $15.56.

PRA Group (NASDAQ:PRAA) last released its quarterly earnings results on Thursday, February 26th. The business services provider reported $1.46 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.50 by $0.96. The business had revenue of $333.39 million during the quarter, compared to the consensus estimate of $288.86 million. PRA Group had a positive return on equity of 10.50% and a negative net margin of 25.39%. As a group, research analysts anticipate that PRA Group, Inc. will post 2.1 earnings per share for the current year.

Hedge Funds Weigh In On PRA Group

Hedge funds have recently added to or reduced their stakes in the stock. Topline Capital Management LLC boosted its stake in PRA Group by 16.2% during the 3rd quarter. Topline Capital Management LLC now owns 2,615,711 shares of the business services provider’s stock valued at $40,387,000 after purchasing an additional 365,082 shares during the last quarter. Squarepoint Ops LLC lifted its position in shares of PRA Group by 437.3% during the 2nd quarter. Squarepoint Ops LLC now owns 93,999 shares of the business services provider’s stock worth $1,386,000 after buying an additional 76,505 shares in the last quarter. Inspire Investing LLC bought a new position in shares of PRA Group during the 3rd quarter worth approximately $461,000. Invenomic Capital Management LP lifted its position in shares of PRA Group by 14.6% during the 3rd quarter. Invenomic Capital Management LP now owns 415,481 shares of the business services provider’s stock worth $6,415,000 after buying an additional 53,068 shares in the last quarter. Finally, Quantbot Technologies LP bought a new position in shares of PRA Group during the 2nd quarter worth approximately $543,000. Institutional investors and hedge funds own 97.22% of the company’s stock.

About PRA Group

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.