Analysts Set PRA Group, Inc. (NASDAQ:PRAA) Target Price at $25.00

by · The Cerbat Gem

PRA Group, Inc. (NASDAQ:PRAA – Get Free Report) has received a consensus rating of “Moderate Buy” from the five analysts that are presently covering the stock, MarketBeat reports. One research analyst has rated the stock with a sell recommendation, three have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year price objective among analysts that have covered the stock in the last year is $25.00.

A number of analysts recently commented on PRAA shares. Weiss Ratings reiterated a “sell (d)” rating on shares of PRA Group in a research report on Monday, December 29th. Zacks Research raised shares of PRA Group from a “hold” rating to a “strong-buy” rating in a research report on Thursday, November 6th. Finally, Truist Financial dropped their price objective on shares of PRA Group from $33.00 to $26.00 and set a “buy” rating on the stock in a report on Tuesday, November 4th.

Read Our Latest Research Report on PRA Group

PRA Group Stock Down 1.2%

Shares of PRA Group stock opened at $17.48 on Friday. PRA Group has a twelve month low of $12.29 and a twelve month high of $23.97. The company’s 50 day moving average is $16.23 and its 200 day moving average is $15.86. The company has a market cap of $681.89 million, a price-to-earnings ratio of -1.99 and a beta of 1.33.

PRA Group (NASDAQ:PRAA – Get Free Report) last posted its earnings results on Monday, November 3rd. The business services provider reported $0.53 EPS for the quarter, topping analysts’ consensus estimates of $0.50 by $0.03. The business had revenue of $247.08 million during the quarter, compared to the consensus estimate of $295.77 million. PRA Group had a negative net margin of 29.55% and a positive return on equity of 7.03%. Sell-side analysts expect that PRA Group will post 2.1 EPS for the current fiscal year.

Insider Buying and Selling at PRA Group

In other PRA Group news, Director Geir Olsen acquired 15,000 shares of the business’s stock in a transaction dated Thursday, November 6th. The stock was purchased at an average price of $14.15 per share, with a total value of $212,250.00. Following the transaction, the director directly owned 58,933 shares in the company, valued at approximately $833,901.95. The trade was a 34.14% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 2.00% of the stock is owned by corporate insiders.

Institutional Trading of PRA Group

Hedge funds have recently bought and sold shares of the stock. Topline Capital Management LLC raised its stake in shares of PRA Group by 168.3% in the second quarter. Topline Capital Management LLC now owns 2,250,629 shares of the business services provider’s stock worth $33,197,000 after buying an additional 1,411,707 shares during the period. Ameriprise Financial Inc. increased its holdings in PRA Group by 130.9% in the 2nd quarter. Ameriprise Financial Inc. now owns 428,135 shares of the business services provider’s stock worth $6,315,000 after acquiring an additional 242,721 shares in the last quarter. Capital Management Corp VA raised its stake in PRA Group by 56.1% during the 2nd quarter. Capital Management Corp VA now owns 551,523 shares of the business services provider’s stock worth $8,135,000 after acquiring an additional 198,152 shares during the period. Wellington Management Group LLP raised its stake in PRA Group by 13.8% during the 3rd quarter. Wellington Management Group LLP now owns 1,140,310 shares of the business services provider’s stock worth $17,606,000 after acquiring an additional 138,256 shares during the period. Finally, First Trust Advisors LP purchased a new position in PRA Group during the third quarter valued at approximately $1,883,000. Institutional investors own 97.22% of the company’s stock.

About PRA Group

(Get Free Report)

PRA Group, Inc is a global specialty finance company focused on the acquisition and management of nonperforming loans. Founded in 1996 as Portfolio Recovery Associates, the company purchases defaulted consumer and commercial receivables at discounted rates from financial institutions, utilities and other creditors. By combining rigorous analytics with a consumer-centric ethos, PRA Group seeks to maximize recoveries while maintaining respectful and compliant interactions with debtors.

The company’s core activities include first-party and third-party collections across a range of asset classes such as credit cards, auto loans and utility receivables.

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