PRA Group's (PRAA) Sell (D+) Rating Reiterated at Weiss Ratings

Key Points

• PRA Group (NASDAQ:PRAA) received a "sell (d+)" rating from Weiss Ratings, indicating ongoing concerns from analysts regarding the stock's performance.
• Despite Weiss Ratings' negative outlook, Citigroup and JMP Securities have given PRA Group an "outperform" and "market outperform" rating respectively, suggesting mixed analyst opinions.
• PRA Group's latest earnings report showed an EPS of $1.08, surpassing expectations significantly, alongside revenues of $287.69 million for the quarter, which also exceeded analyst estimates.

PRA Group (NASDAQ:PRAA - Get Free Report)'s stock had its "sell (d+)" rating reaffirmed by investment analysts at Weiss Ratings in a report issued on Saturday,Weiss Ratings reports.

Several other equities analysts also recently issued reports on the stock. Citigroup reaffirmed an "outperform" rating on shares of PRA Group in a report on Tuesday, August 5th. JMP Securities set a $24.00 price objective on shares of PRA Group and gave the company a "market outperform" rating in a report on Tuesday, August 5th. Finally, Wall Street Zen raised shares of PRA Group from a "sell" rating to a "hold" rating in a report on Saturday, August 9th. Three equities research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $27.50.

PRA Group Stock Performance

Shares of NASDAQ PRAA opened at $14.76 on Friday. The company's fifty day moving average price is $15.77 and its 200 day moving average price is $15.67. PRA Group has a 1 year low of $12.91 and a 1 year high of $25.43. The company has a market capitalization of $576.67 million, a PE ratio of 6.33 and a beta of 1.45.

PRA Group (NASDAQ:PRAA - Get Free Report) last announced its quarterly earnings results on Monday, August 4th. The business services provider reported $1.08 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.62 by $0.46. The firm had revenue of $287.69 million for the quarter, compared to the consensus estimate of $279.34 million. PRA Group had a net margin of 8.10% and a return on equity of 6.52%. On average, equities analysts expect that PRA Group will post 2.1 EPS for the current year.

Institutional Investors Weigh In On PRA Group

Several hedge funds and other institutional investors have recently bought and sold shares of PRAA. Topline Capital Management LLC increased its position in PRA Group by 168.3% during 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 purchasing an additional 1,411,707 shares during the last quarter. Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in PRA Group during the first quarter worth about $5,413,000. Ameriprise Financial Inc. increased its position in PRA Group by 130.9% during the second quarter. Ameriprise Financial Inc. now owns 428,135 shares of the business services provider's stock worth $6,315,000 after purchasing an additional 242,721 shares during the last quarter. Capital Management Corp VA increased its position in PRA Group by 56.1% during the second quarter. Capital Management Corp VA now owns 551,523 shares of the business services provider's stock worth $8,135,000 after purchasing an additional 198,152 shares during the last quarter. Finally, American Century Companies Inc. increased its position in PRA Group by 144.8% during the first quarter. American Century Companies Inc. now owns 280,525 shares of the business services provider's stock worth $5,784,000 after purchasing an additional 165,951 shares during the last quarter. 97.22% of the stock is currently owned by institutional investors and hedge funds.

About PRA Group

PRA Group, Inc, a financial and business services company, engages in the purchase, collection, and management of portfolios of nonperforming loans worldwide. It is involved in the purchase of accounts that are primarily the unpaid obligations of individuals owed to credit originators, which include banks and other types of consumer, retail, and auto finance companies.

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