Favorable News Coverage Somewhat Unlikely to Affect Pra Group (PRAA) Share Price

Media headlines about Pra Group (NASDAQ:PRAA) have trended positive recently, Accern Sentiment reports. Accern identifies negative and positive news coverage by analyzing more than 20 million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Pra Group earned a media sentiment score of 0.39 on Accern’s scale. Accern also assigned media stories about the business services provider an impact score of 46.0606469428357 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the near future.

These are some of the news articles that may have impacted Accern Sentiment Analysis’s analysis:

Pra Group (PRAA) opened at $35.50 on Wednesday. Pra Group has a 12-month low of $25.72 and a 12-month high of $42.70. The firm has a market capitalization of $1,600.00, a PE ratio of 28.40 and a beta of 1.59.

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 business 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 firm posted $0.68 EPS. Pra Group’s revenue for the quarter was down 9.5% on a year-over-year basis. equities research analysts anticipate that Pra Group will post 1.38 earnings per share for the current year.

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

In other Pra Group news, Director Penelope W. Kyle sold 1,975 shares of the company’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 transaction, the director now owns 36,425 shares of the company’s stock, valued at approximately $1,218,416.25. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Corporate insiders own 2.10% of the company’s stock.

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Pra Group Company Profile

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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