News headlines about PRA Group (NASDAQ:PRAA) have been trending very positive this week, Accern reports. The research group identifies positive and negative media coverage by reviewing more than twenty million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. PRA Group earned a news impact score of 0.56 on Accern’s scale. Accern also gave news headlines about the business services provider an impact score of 0 out of 100, meaning that recent media coverage is extremely unlikely to have an effect on the company’s share price in the immediate future.
PRAA has been the topic of a number of recent analyst reports. Zacks Investment Research upgraded shares of PRA Group from a “strong sell” rating to a “hold” rating in a research note on Tuesday, May 2nd. BidaskClub cut shares of PRA Group from a “buy” rating to a “hold” rating in a research note on Tuesday, July 25th. Finally, Keefe, Bruyette & Woods initiated coverage on shares of PRA Group in a research note on Wednesday, May 24th. They set an “outperform” rating and a $40.00 target price on the stock. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have given a buy rating to the stock. PRA Group has an average rating of “Hold” and a consensus price target of $38.00.
PRA Group (NASDAQ:PRAA) traded up 1.18% during midday trading on Friday, hitting $38.70. 520,119 shares of the stock traded hands. The company’s 50 day moving average price is $38.01 and its 200 day moving average price is $36.35. The firm has a market cap of $1.80 billion, a PE ratio of 17.81 and a beta of 1.49. PRA Group has a 12 month low of $23.15 and a 12 month high of $42.70.
PRA Group (NASDAQ:PRAA) last announced its earnings results on Tuesday, May 9th. The business services provider reported $0.38 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.44 by $0.06. PRA Group had a net margin of 12.47% and a return on equity of 7.57%. The business had revenue of $206.56 million for the quarter, compared to analysts’ expectations of $198.48 million. During the same quarter last year, the business earned $0.85 EPS. The company’s quarterly revenue was down 8.1% on a year-over-year basis. Equities research analysts predict that PRA Group will post $2.05 earnings per share for the current fiscal year.
In other PRA Group news, Director Geir Olsen bought 142,000 shares of the firm’s stock in a transaction dated Tuesday, May 23rd. The shares were purchased at an average price of $34.55 per share, for a total transaction of $4,906,100.00. Following the transaction, the director now directly owns 27,162 shares of the company’s stock, valued at approximately $938,447.10. 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.
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.
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