PRA Group, Inc. (NASDAQ:PRAA) Receives Average Rating of "Hold" from Brokerages

PRA Group, Inc. (NASDAQ:PRAA - Get Free Report) has been given a consensus rating of "Hold" by the five ratings firms that are presently covering the stock, Marketbeat.com reports. One equities research analyst has rated the stock with a sell recommendation, three have given a hold recommendation and one has issued a buy recommendation on the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is $26.00.

Several research firms have commented on PRAA. Weiss Ratings reissued a "sell (d)" rating on shares of PRA Group in a report on Wednesday, June 24th. Wall Street Zen downgraded shares of PRA Group from a "strong-buy" rating to a "buy" rating in a research report on Sunday, June 7th.

Hedge Funds Weigh In On PRA Group

A number of hedge funds have recently modified their holdings of PRAA. Los Angeles Capital Management LLC bought a new position in PRA Group in the 4th quarter worth $27,000. EverSource Wealth Advisors LLC raised its holdings in shares of 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 acquiring an additional 1,471 shares in the last quarter. Meeder Asset Management Inc. bought a new position in shares of PRA Group during the 2nd quarter valued at approximately $49,000. Larson Financial Group LLC boosted its position in shares of 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 valued at $50,000 after acquiring an additional 1,694 shares during the last quarter. Finally, Tower Research Capital LLC TRC grew its holdings in shares of PRA Group by 375.1% in the second quarter. Tower Research Capital LLC TRC now owns 4,784 shares of the business services provider's stock valued at $71,000 after purchasing an additional 3,777 shares in the last quarter. 97.22% of the stock is currently owned by institutional investors.

PRA Group Stock Performance

Shares of PRAA stock opened at $19.79 on Monday. The business's 50 day moving average price is $17.09 and its 200-day moving average price is $16.60. The firm has a market cap of $754.81 million, a P/E ratio of -2.94 and a beta of 1.11. PRA Group has a fifty-two week low of $10.25 and a fifty-two week high of $22.55.

PRA Group (NASDAQ:PRAA - Get Free Report) last issued its quarterly earnings data on Thursday, August 6th. The business services provider reported $1.51 EPS for the quarter, topping the consensus estimate of $0.52 by $0.99. The business had revenue of $372.17 million during the quarter, compared to analyst estimates of $299.99 million. PRA Group had a negative net margin of 19.91% and a positive return on equity of 15.56%. As a group, equities analysts predict that PRA Group will post 2.52 EPS for the current year.

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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