PRA Group, Inc. (NASDAQ:PRAA – Get Free Report) Director Geir Olsen purchased 11,750 shares of the business’s stock in a transaction that occurred on Wednesday, August 7th. The shares were purchased at an average cost of $21.39 per share, with a total value of $251,332.50. Following the completion of the acquisition, the director now directly owns 11,750 shares of the company’s stock, valued at $251,332.50. The transaction was disclosed in a document filed with the SEC, which is available at this link.
PRA Group Price Performance
NASDAQ:PRAA traded down $1.00 during trading hours on Friday, reaching $22.37. 139,918 shares of the company were exchanged, compared to its average volume of 201,830. The firm has a market cap of $880.30 million, a price-to-earnings ratio of -41.17 and a beta of 1.48. PRA Group, Inc. has a 52-week low of $11.85 and a 52-week high of $31.43. The stock has a 50 day simple moving average of $21.39 and a 200 day simple moving average of $23.43.
PRA Group (NASDAQ:PRAA – Get Free Report) last posted its quarterly earnings results on Monday, August 5th. The business services provider reported $0.54 earnings per share for the quarter, topping analysts’ consensus estimates of $0.08 by $0.46. PRA Group had a negative net margin of 2.37% and a negative return on equity of 1.76%. The company had revenue of $284.20 million for the quarter, compared to the consensus estimate of $245.04 million. During the same quarter last year, the firm posted ($0.10) earnings per share. PRA Group’s revenue was up 35.9% on a year-over-year basis. On average, analysts predict that PRA Group, Inc. will post 0.7 EPS for the current fiscal year.
Hedge Funds Weigh In On PRA Group
Wall Street Analysts Forecast Growth
Several research firms have recently commented on PRAA. JMP Securities reiterated a “market outperform” rating and issued a $33.00 price target on shares of PRA Group in a research report on Tuesday, May 7th. StockNews.com upgraded shares of PRA Group from a “hold” rating to a “buy” rating in a research report on Wednesday.
Check Out Our Latest Analysis on PRA Group
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.
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