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

Shares of PRA Group, Inc. (NASDAQ:PRAA) have been given an average recommendation of “Moderate Buy” by the five research firms that are 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 assigned a strong buy recommendation to the company. The average 1 year price objective among brokers that have issued a report on the stock in the last year is $25.00.

PRAA has been the subject of several analyst reports. Wall Street Zen upgraded shares of PRA Group from a “sell” rating to a “hold” rating in a report on Saturday, August 9th. Zacks Research raised PRA Group from a “hold” rating to a “strong-buy” rating in a research note on Thursday, November 6th. Truist Financial decreased their target price on PRA Group from $33.00 to $26.00 and set a “buy” rating for the company in a research note on Tuesday, November 4th. Finally, Weiss Ratings restated a “sell (d)” rating on shares of PRA Group in a report on Monday.

Insider Activity

In other PRA Group news, Director Geir Olsen bought 15,000 shares of PRA Group stock in a transaction that occurred on Thursday, November 6th. The stock was acquired at an average price of $14.15 per share, for a total transaction of $212,250.00. Following the completion of the acquisition, the director owned 58,933 shares of the company’s stock, valued at $833,901.95. This trade represents a 34.14% increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Insiders own 2.00% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. GAMMA Investing LLC lifted its holdings in shares of PRA Group by 301.0% during the third quarter. GAMMA Investing LLC now owns 1,684 shares of the business services provider’s stock worth $26,000 after buying an additional 1,264 shares in the last quarter. CWM LLC increased its position in PRA Group by 140.0% during the third quarter. CWM LLC now owns 4,618 shares of the business services provider’s stock worth $71,000 after acquiring an additional 2,694 shares during the period. Tower Research Capital LLC TRC raised its stake in PRA Group by 375.1% in the 2nd quarter. Tower Research Capital LLC TRC now owns 4,784 shares of the business services provider’s stock worth $71,000 after purchasing an additional 3,777 shares in the last quarter. Advent Capital Management DE acquired a new stake in PRA Group in the 2nd quarter worth about $84,000. Finally, Globeflex Capital L P bought a new stake in PRA Group in the 2nd quarter valued at about $102,000. Institutional investors own 97.22% of the company’s stock.

PRA Group Trading Down 0.9%

NASDAQ PRAA opened at $17.08 on Wednesday. PRA Group has a 1-year low of $12.29 and a 1-year high of $23.97. The stock’s 50 day moving average is $14.98 and its two-hundred day moving average is $15.42. The company has a market capitalization of $666.29 million, a price-to-earnings ratio of -1.94 and a beta of 1.32.

PRA Group (NASDAQ:PRAA) last announced its earnings results on Monday, November 3rd. The business services provider reported $0.53 EPS for the quarter, topping the consensus estimate of $0.50 by $0.03. The business had revenue of $247.08 million for the quarter, compared to the consensus estimate of $295.77 million. PRA Group had a positive return on equity of 7.03% and a negative net margin of 29.55%. On average, analysts predict that PRA Group will post 2.1 earnings per share for the current year.

PRA Group Company Profile

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.