Positive News Coverage Somewhat Unlikely to Affect Pra Group (PRAA) Stock Price

News articles about Pra Group (NASDAQ:PRAA) have been trending positive recently, according to Accern Sentiment Analysis. The research firm identifies negative and positive news coverage by analyzing more than 20 million news and blog sources in real-time. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Pra Group earned a daily sentiment score of 0.39 on Accern’s scale. Accern also gave news headlines about the business services provider an impact score of 46.0606469428357 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.

Shares of Pra Group (NASDAQ:PRAA) opened at $34.95 on Wednesday. The stock has a market capitalization of $1,598.98, a PE ratio of 28.19 and a beta of 1.60. Pra Group has a fifty-two week low of $25.72 and a fifty-two week high of $42.70.

Pra Group (NASDAQ:PRAA) last posted its quarterly earnings data on Wednesday, November 8th. The business services provider reported $0.34 earnings per share for the quarter, missing the consensus estimate of $0.38 by ($0.04). Pra Group had a return on equity of 2.98% and a net margin of 7.57%. The firm had revenue of $201.00 million for the quarter, compared to analyst estimates of $196.96 million. During the same period in the prior year, the company earned $0.68 earnings per share. The firm’s quarterly revenue was down 9.5% on a year-over-year basis. equities analysts forecast that Pra Group will post 1.38 EPS for the current fiscal year.

PRAA has been the topic of a number of recent analyst reports. Citigroup lowered Pra Group to an “underperform” rating in a research note on Thursday, September 21st. Raymond James Financial reissued an “underperform” rating on shares of Pra Group in a research note on Thursday, September 21st. Janney Montgomery Scott lowered Pra Group from a “neutral” rating to a “sell” rating in a research note on Wednesday, October 4th. Keefe, Bruyette & Woods lowered Pra Group from an “outperform” rating to a “market perform” rating and upped their price target for the company from $36.00 to $40.00 in a research note on Tuesday, October 10th. Finally, Zacks Investment Research upgraded Pra Group from a “strong sell” rating to a “hold” rating in a report on Tuesday, November 21st. Three investment analysts have rated the stock with a sell rating and five have given a hold rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $40.00.

In other news, Director Penelope W. Kyle sold 1,975 shares of the firm’s stock in a transaction that occurred on Saturday, December 29th. The stock was sold at an average price of $33.45, for a total value of $66,063.75. Following the completion of the sale, the director now directly owns 36,425 shares of the company’s stock, valued at $1,218,416.25. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 2.10% of the company’s stock.

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About Pra Group

PRA Group, Inc (PRA Group) is a financial and business services company with operations in the Americas and Europe. The Company’s primary business is the purchase, collection and management of portfolios of nonperforming loans. The Company operates through the account receivables management segment. It also provides fee-based services, such as vehicle location, skip tracing and collateral recovery for auto lenders, government entities and law enforcement; revenue administration, audit and revenue discovery/recovery services for local government entities; class action claims recovery services and purchases; servicing of consumer bankruptcy accounts in the United States, and contingent collections of nonperforming loans in Europe and South America.

Insider Buying and Selling by Quarter for Pra Group (NASDAQ:PRAA)

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