News headlines about PRA Group (NASDAQ:PRAA) have trended very positive on Wednesday, according to Accern. The research firm identifies negative and positive news coverage by monitoring more than 20 million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. PRA Group earned a media sentiment score of 0.56 on Accern’s scale. Accern also gave media stories about the business services provider an impact score of 0 out of 100, meaning that recent news coverage is extremely unlikely to have an impact on the stock’s share price in the near term.
A number of equities analysts recently issued reports on the company. BidaskClub upgraded PRA Group from a “hold” rating to a “buy” rating in a report on Thursday, June 29th. Zacks Investment Research upgraded PRA Group from a “strong sell” rating to a “hold” rating in a report on Tuesday, May 2nd. Finally, Keefe, Bruyette & Woods assumed coverage on PRA Group in a report on Wednesday, May 24th. They set an “outperform” rating and a $40.00 price objective for the company. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. The company presently has an average rating of “Buy” and an average target price of $38.00.
Shares of PRA Group (NASDAQ PRAA) opened at 38.42 on Wednesday. PRA Group has a one year low of $23.15 and a one year high of $42.70. The stock has a market capitalization of $1.78 billion, a PE ratio of 17.68 and a beta of 1.48. The firm has a 50 day moving average price of $36.42 and a 200 day moving average price of $36.23.
PRA Group (NASDAQ:PRAA) last released its earnings results on Tuesday, May 9th. The business services provider reported $0.38 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.44 by $0.06. The company had revenue of $206.56 million during the quarter, compared to analysts’ expectations of $198.48 million. PRA Group had a net margin of 12.47% and a return on equity of 7.57%. The company’s revenue for the quarter was down 8.1% on a year-over-year basis. During the same quarter last year, the business posted $0.85 earnings per share. 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 purchased 142,000 shares of the firm’s stock in a transaction on Tuesday, May 23rd. The stock was bought at an average cost of $34.55 per share, with a total value of $4,906,100.00. Following the acquisition, the director now directly owns 27,162 shares of the company’s stock, valued at $938,447.10. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 2.10% of the stock is owned by insiders.
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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.
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