PRA Group, Inc. (NASDAQ:PRAA) Receives Consensus Rating of “Hold” from Analysts

PRA Group, Inc. (NASDAQ:PRAA) has been given an average recommendation of “Hold” by the five brokerages that are currently covering the company, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating on the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is $25.00.

A number of research analysts have weighed in on the company. 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 report on Wednesday, January 28th. Zacks Research lowered PRA Group from a “strong-buy” rating to a “hold” rating in a research note on Monday, January 5th. Finally, Weiss Ratings reissued a “sell (d)” rating on shares of PRA Group in a research note on Monday, December 29th.

Institutional Investors Weigh In On PRA Group

Several hedge funds have recently modified their holdings of PRAA. Topline Capital Management LLC increased its position in PRA Group by 16.2% during the third quarter. Topline Capital Management LLC now owns 2,615,711 shares of the business services provider’s stock worth $40,387,000 after purchasing an additional 365,082 shares during the last quarter. State Street Corp grew its stake in shares of PRA Group by 0.3% during the 4th quarter. State Street Corp now owns 1,499,488 shares of the business services provider’s stock valued at $26,526,000 after buying an additional 4,895 shares during the period. Wellington Management Group LLP grew its stake in shares of PRA Group by 13.7% during the 4th quarter. Wellington Management Group LLP now owns 1,296,830 shares of the business services provider’s stock valued at $22,941,000 after buying an additional 156,520 shares during the period. Geode Capital Management LLC increased its holdings in shares of PRA Group by 1.5% during the 2nd quarter. Geode Capital Management LLC now owns 960,839 shares of the business services provider’s stock worth $14,175,000 after buying an additional 14,197 shares during the last quarter. Finally, Invesco Ltd. increased its holdings in shares of PRA Group by 15.5% during the 2nd quarter. Invesco Ltd. now owns 819,742 shares of the business services provider’s stock worth $12,091,000 after buying an additional 109,857 shares during the last quarter. 97.22% of the stock is owned by institutional investors and hedge funds.

PRA Group Price Performance

Shares of NASDAQ PRAA opened at $16.86 on Friday. The company has a 50-day simple moving average of $14.56 and a 200-day simple moving average of $15.47. The company has a market cap of $648.27 million, a PE ratio of -2.16 and a beta of 1.23. PRA Group has a 12 month low of $10.25 and a 12 month high of $22.01.

PRA Group (NASDAQ:PRAA) last announced its earnings results on Thursday, February 26th. The business services provider reported $1.46 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.50 by $0.96. The firm had revenue of $333.39 million for the quarter, compared to analyst estimates of $288.86 million. PRA Group had a negative net margin of 25.39% and a positive return on equity of 10.50%. On average, analysts anticipate that PRA Group will post 2.1 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.