PRA Group, Inc. (NASDAQ:PRAA) Given Average Rating of “Hold” by Analysts

PRA Group, Inc. (NASDAQ:PRAA) has received an average rating of “Hold” from the five research firms that are currently covering the stock, MarketBeat.com reports. One research analyst has rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is $25.00.

PRAA has been the topic of several research analyst reports. Truist Financial lowered their price objective on PRA Group from $33.00 to $26.00 and set a “buy” rating on the stock in a report on Tuesday, November 4th. Citizens Jmp lowered PRA Group from a “market outperform” rating to a “market perform” rating in a research note on Wednesday, January 28th. Citigroup downgraded PRA Group from an “outperform” rating to a “market perform” rating in a research note on Wednesday, January 28th. Weiss Ratings restated a “sell (d)” rating on shares of PRA Group in a report on Monday, December 29th. Finally, Zacks Research lowered shares of PRA Group from a “strong-buy” rating to a “hold” rating in a report on Monday, January 5th.

Institutional Trading of PRA Group

Hedge funds have recently bought and sold shares of the business. Wellington Management Group LLP lifted its stake in PRA Group by 13.7% in the 4th quarter. Wellington Management Group LLP now owns 1,296,830 shares of the business services provider’s stock worth $22,941,000 after purchasing an additional 156,520 shares in the last quarter. Tudor Investment Corp ET AL lifted its position in PRA Group by 427.1% during the fourth quarter. Tudor Investment Corp ET AL now owns 81,468 shares of the business services provider’s stock worth $1,441,000 after buying an additional 66,011 shares in the last quarter. Millennium Management LLC boosted its stake in PRA Group by 242.6% during the fourth quarter. Millennium Management LLC now owns 464,320 shares of the business services provider’s stock worth $8,214,000 after buying an additional 328,804 shares during the last quarter. Invenomic Capital Management LP boosted its stake in PRA Group by 2.9% during the fourth quarter. Invenomic Capital Management LP now owns 427,376 shares of the business services provider’s stock worth $7,560,000 after buying an additional 11,895 shares during the last quarter. Finally, Engineers Gate Manager LP grew its holdings in PRA Group by 57.9% in the 4th quarter. Engineers Gate Manager LP now owns 65,320 shares of the business services provider’s stock valued at $1,156,000 after buying an additional 23,943 shares in the last quarter. Institutional investors and hedge funds own 97.22% of the company’s stock.

PRA Group Stock Performance

Shares of NASDAQ PRAA opened at $10.78 on Monday. The firm has a fifty day moving average of $15.02 and a 200 day moving average of $15.51. The firm has a market cap of $420.53 million, a PE ratio of -1.23 and a beta of 1.29. PRA Group has a one year low of $10.33 and a one year high of $23.36.

About PRA Group

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.