PRA Group, Inc. (NASDAQ:PRAA) Receives Average Recommendation of “Hold” from Brokerages

PRA Group, Inc. (NASDAQ:PRAA) has earned an average recommendation of “Hold” from the five brokerages that are covering the company, Marketbeat reports. One equities research analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation, one has given a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is $26.00.

PRAA has been the subject of a number of recent analyst reports. Weiss Ratings reiterated a “sell (d)” rating on shares of PRA Group in a report on Monday, September 21st. Zacks Research raised shares of PRA Group from a “hold” rating to a “strong-buy” rating in a report on Monday, August 10th. Finally, Wall Street Zen upgraded shares of PRA Group from a “buy” rating to a “strong-buy” rating in a research report on Saturday, September 26th.

PRA Group Price Performance

PRAA opened at $19.41 on Tuesday. The stock’s 50 day simple moving average is $19.23 and its 200 day simple moving average is $18.19. The firm has a market cap of $730.79 million, a price-to-earnings ratio of -2.88 and a beta of 1.13. PRA Group has a 1 year low of $10.25 and a 1 year high of $22.55.

PRA Group (NASDAQ:PRAA) last released its quarterly earnings data on Thursday, August 6th. The business services provider reported $1.51 earnings per share for the quarter, beating analysts’ consensus estimates of $0.52 by $0.99. PRA Group had a positive return on equity of 15.56% and a negative net margin of 19.91%.The firm had revenue of $372.17 million during the quarter, compared to analyst estimates of $299.99 million. As a group, sell-side analysts anticipate that PRA Group will post 3.93 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of PRAA. BlackRock Inc. purchased a new stake in PRA Group in the 2nd quarter worth approximately $84,183,000. Wellington Management Group LLP raised its holdings in shares of PRA Group by 10.3% during the second quarter. Wellington Management Group LLP now owns 827,720 shares of the business services provider’s stock valued at $15,718,000 after acquiring an additional 77,188 shares in the last quarter. Assenagon Asset Management S.A. raised its holdings in shares of PRA Group by 401.6% during the second quarter. Assenagon Asset Management S.A. now owns 601,444 shares of the business services provider’s stock valued at $11,421,000 after acquiring an additional 481,538 shares in the last quarter. Invenomic Capital Management LP lifted its stake in PRA Group by 2.9% in the fourth quarter. Invenomic Capital Management LP now owns 427,376 shares of the business services provider’s stock worth $7,560,000 after acquiring an additional 11,895 shares during the period. Finally, Susquehanna International Group LLP boosted its holdings in PRA Group by 288.0% in the second quarter. Susquehanna International Group LLP now owns 200,848 shares of the business services provider’s stock valued at $3,814,000 after acquiring an additional 149,078 shares in the last quarter. Hedge funds and other institutional investors own 97.22% of the company’s stock.

PRA Group Company Profile

PRA Group, Inc is a global financial services company that purchases portfolios of nonperforming consumer accounts from banks, credit unions and other lenders. The company works with consumers to resolve outstanding obligations through a range of repayment and account-management arrangements.

Its business includes the acquisition, servicing and collection of unpaid consumer loans and other receivables. PRA Group also provides related portfolio-management and consulting services, using data analysis and customer-focused communication to manage accounts throughout their recovery cycle.

Founded in 1996 and headquartered in Norfolk, Virginia, PRA Group serves consumers and financial institutions across North America, Europe and Australia.