PRA Group, Inc. (NASDAQ:PRAA) Given Consensus Rating of “Hold” by Analysts

PRA Group, Inc. (NASDAQ:PRAA) has received an average recommendation of “Hold” from the five analysts that are covering the firm, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is $25.00.

PRAA has been the subject of several research reports. Wall Street Zen cut shares of PRA Group from a “strong-buy” rating to a “buy” rating in a research report on Sunday, June 7th. Weiss Ratings restated a “sell (d)” rating on shares of PRA Group in a research note on Wednesday, June 24th.

Institutional Investors Weigh In On PRA Group

Several large investors have recently modified their holdings of the business. Los Angeles Capital Management LLC purchased a new stake in PRA Group during the fourth quarter worth $27,000. EverSource Wealth Advisors LLC raised its position in shares of PRA Group by 145.6% in the 4th quarter. EverSource Wealth Advisors LLC now owns 2,481 shares of the business services provider’s stock worth $44,000 after acquiring an additional 1,471 shares in the last quarter. Larson Financial Group LLC boosted its position in PRA Group by 146.8% during the fourth quarter. Larson Financial Group LLC now owns 2,848 shares of the business services provider’s stock valued at $50,000 after purchasing an additional 1,694 shares in the last quarter. Tower Research Capital LLC TRC grew its stake in PRA Group by 375.1% in the second quarter. Tower Research Capital LLC TRC now owns 4,784 shares of the business services provider’s stock valued at $71,000 after purchasing an additional 3,777 shares during the last quarter. Finally, Globeflex Capital L P acquired a new stake in PRA Group in the second quarter valued at approximately $102,000. Institutional investors own 97.22% of the company’s stock.

PRA Group Stock Performance

PRAA opened at $18.03 on Thursday. The stock’s 50 day moving average price is $16.43 and its 200-day moving average price is $16.55. PRA Group has a one year low of $10.25 and a one year high of $22.55. The stock has a market cap of $687.66 million, a price-to-earnings ratio of -2.52 and a beta of 1.10.

PRA Group (NASDAQ:PRAA) last released its earnings results on Thursday, May 7th. The business services provider reported $0.73 earnings per share for the quarter, topping analysts’ consensus estimates of $0.51 by $0.22. The business had revenue of $314.53 million for the quarter, compared to analyst estimates of $295.90 million. PRA Group had a positive return on equity of 13.19% and a negative net margin of 22.51%. As a group, analysts predict that PRA Group will post 2.52 earnings per share for the current fiscal year.

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.