PRA Group, Inc. (NASDAQ:PRAA) Stock Has Average Target Price of $26.00

Shares of PRA Group, Inc. (NASDAQ:PRAA) have earned an average recommendation of “Hold” from the five analysts that are covering the stock, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation, three have given a hold recommendation and one has given a buy recommendation to the company. The average 12-month target price among brokers that have covered the stock in the last year is $26.00.

A number of research firms have recently weighed in on PRAA. Weiss Ratings upgraded shares of PRA Group from a “sell (d)” rating to a “sell (d+)” rating in a research report on Thursday, October 8th. Zacks Research downgraded PRA Group from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, October 6th. Finally, Wall Street Zen lowered PRA Group from a “strong-buy” rating to a “buy” rating in a research note on Saturday.

Institutional Trading of PRA Group

A number of institutional investors have recently modified their holdings of PRAA. Financial Management Professionals Inc. bought a new position in shares of PRA Group in the third quarter worth $30,000. Meeder Asset Management Inc. acquired a new stake in PRA Group during the second quarter worth about $49,000. EverSource Wealth Advisors LLC increased its holdings in PRA Group by 49.6% in the 1st quarter. EverSource Wealth Advisors LLC now owns 3,711 shares of the business services provider’s stock valued at $65,000 after buying an additional 1,230 shares during the period. Fifth Third Bancorp increased its holdings in PRA Group by 7,735.7% in the 1st quarter. Fifth Third Bancorp now owns 9,011 shares of the business services provider’s stock valued at $158,000 after buying an additional 8,896 shares during the period. Finally, The Manufacturers Life Insurance Company acquired a new position in shares of PRA Group in the 2nd quarter valued at approximately $192,000. 97.22% of the stock is currently owned by institutional investors.

PRA Group Stock Performance

PRAA stock opened at $19.08 on Friday. The company’s 50-day simple moving average is $19.64 and its 200 day simple moving average is $18.41. PRA Group has a 52 week low of $10.25 and a 52 week high of $22.55. The company has a market capitalization of $718.36 million, a PE ratio of -2.84 and a beta of 1.13.

PRA Group (NASDAQ:PRAA) last issued its quarterly earnings data on Thursday, August 6th. The business services provider reported $1.51 earnings per share for the quarter, topping the consensus estimate of $0.52 by $0.99. PRA Group had a negative net margin of 19.91% and a positive return on equity of 15.56%. The business had revenue of $372.17 million during the quarter, compared to analysts’ expectations of $299.99 million. On average, analysts forecast that PRA Group will post 3.93 EPS for the current year.

PRA Group Company Profile

PRA Group, Inc is a global financial services company that purchases and manages portfolios of defaulted consumer accounts. The company works with individuals to help resolve outstanding obligations and provides account management, customer service and debt recovery solutions for acquired portfolios.

The company serves consumers and financial institutions across North America, Europe and Australia. Its activities include acquiring nonperforming consumer debt from banks, credit card companies and other financial institutions, as well as servicing portfolios on behalf of third parties in selected markets.

PRA Group was founded in 1996 and is headquartered in Norfolk, Virginia.