PRA Group, Inc. (NASDAQ:PRAA) Given Consensus Rating of "Hold" by Brokerages

Key Points

• Analysts give PRA Group a consensus "Hold" rating (five brokerages: 1 sell, 3 hold, 1 buy) with an average 1‑year target price of $25.00.
• PRAA reported a strong quarterly beat—EPS of $1.46 vs. $0.50 expected and revenue of $333.4M vs. $288.9M—but still logged a negative net margin of 25.39%.
• The stock opened at $18.04, has a market cap of about $693.7M, a 52‑week range of $10.25–$19.83, and 50/200‑day moving averages near $14.85/$15.52.

PRA Group, Inc. (NASDAQ:PRAA - Get Free Report) has been given an average rating of "Hold" by the five brokerages that are covering the company, MarketBeat reports. One research analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation and one has assigned a buy recommendation to the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is $25.00.

PRAA has been the topic of several analyst reports. Zacks Research lowered shares of PRA Group from a "strong-buy" rating to a "hold" rating in a report on Monday, January 5th. Weiss Ratings reaffirmed a "sell (d)" rating on shares of PRA Group in a report on Friday, March 27th. Citizens Jmp lowered shares of PRA Group from a "market outperform" rating to a "market perform" rating in a report on Wednesday, January 28th. Finally, Citigroup lowered shares of PRA Group from an "outperform" rating to a "market perform" rating in a report on Wednesday, January 28th.

PRA Group Price Performance

Shares of PRA Group stock opened at $18.04 on Tuesday. The firm has a market capitalization of $693.69 million, a PE ratio of -2.31 and a beta of 1.14. The company's fifty day moving average price is $14.85 and its two-hundred day moving average price is $15.52. PRA Group has a 52-week low of $10.25 and a 52-week high of $19.83.

PRA Group (NASDAQ:PRAA - Get Free Report) last announced its quarterly earnings results on Thursday, February 26th. The business services provider reported $1.46 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.50 by $0.96. PRA Group had a negative net margin of 25.39% and a positive return on equity of 10.50%. The firm had revenue of $333.39 million for the quarter, compared to analyst estimates of $288.86 million. Analysts predict that PRA Group will post 2.1 earnings per share for the current fiscal year.

Institutional Investors Weigh In On PRA Group

Several large investors have recently made changes to their positions in PRAA. GAMMA Investing LLC grew its holdings in shares of PRA Group by 301.0% in the 3rd quarter. GAMMA Investing LLC now owns 1,684 shares of the business services provider's stock worth $26,000 after purchasing an additional 1,264 shares during the last quarter. Los Angeles Capital Management LLC acquired a new position in PRA Group during the 4th quarter worth about $27,000. EverSource Wealth Advisors LLC lifted its position in PRA Group by 145.6% during the 4th quarter. EverSource Wealth Advisors LLC now owns 2,481 shares of the business services provider's stock worth $44,000 after buying an additional 1,471 shares in the last quarter. Larson Financial Group LLC lifted its position in PRA Group by 146.8% during the 4th quarter. Larson Financial Group LLC now owns 2,848 shares of the business services provider's stock worth $50,000 after buying an additional 1,694 shares in the last quarter. Finally, CWM LLC lifted its position in PRA Group by 140.0% during the 3rd quarter. CWM LLC now owns 4,618 shares of the business services provider's stock worth $71,000 after buying an additional 2,694 shares in the last quarter. Institutional investors own 97.22% of the company's stock.

PRA Group Company Profile

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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