BidaskClub upgraded shares of Pra Group (NASDAQ:PRAA) from a hold rating to a buy rating in a research note published on Thursday morning.

A number of other equities research analysts have also commented on PRAA. ValuEngine lowered shares of Pra Group from a buy rating to a hold rating in a report on Saturday, June 2nd. Oppenheimer reissued a hold rating on shares of Pra Group in a report on Wednesday, June 6th. Finally, Keefe, Bruyette & Woods set a $35.00 price objective on shares of Pra Group and gave the stock a hold rating in a report on Thursday, August 9th. Six analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The company presently has an average rating of Hold and an average target price of $35.00.

Shares of NASDAQ:PRAA opened at $38.85 on Thursday. Pra Group has a 12 month low of $25.72 and a 12 month high of $43.75. The stock has a market cap of $1.76 billion, a price-to-earnings ratio of 24.28 and a beta of 1.57.

Pra Group (NASDAQ:PRAA) last issued its quarterly earnings data on Tuesday, August 7th. The business services provider reported $0.43 EPS for the quarter, topping analysts’ consensus estimates of $0.42 by $0.01. Pra Group had a net margin of 16.81% and a return on equity of 6.41%. The firm had revenue of $221.52 million for the quarter, compared to analyst estimates of $214.17 million. equities analysts forecast that Pra Group will post 1.61 earnings per share for the current year.

In other Pra Group news, SVP Christopher D. Lagow sold 1,405 shares of the stock in a transaction dated Friday, August 31st. The shares were sold at an average price of $36.05, for a total transaction of $50,650.25. Following the sale, the senior vice president now owns 19,747 shares of the company’s stock, valued at approximately $711,879.35. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Steven D. Fredrickson sold 7,500 shares of the stock in a transaction dated Friday, July 20th. The stock was sold at an average price of $43.02, for a total transaction of $322,650.00. Following the sale, the insider now directly owns 306,508 shares in the company, valued at approximately $13,185,974.16. The disclosure for this sale can be found here. In the last three months, insiders have sold 297,659 shares of company stock worth $11,298,022. Insiders own 2.34% of the company’s stock.

Several hedge funds and other institutional investors have recently modified their holdings of PRAA. Barrow Hanley Mewhinney & Strauss LLC boosted its stake in shares of Pra Group by 166.0% in the 1st quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 1,621,684 shares of the business services provider’s stock valued at $61,624,000 after purchasing an additional 1,012,000 shares during the last quarter. Great West Life Assurance Co. Can boosted its stake in shares of Pra Group by 380.6% in the 1st quarter. Great West Life Assurance Co. Can now owns 286,804 shares of the business services provider’s stock valued at $10,868,000 after purchasing an additional 227,126 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of Pra Group by 7.6% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,546,159 shares of the business services provider’s stock valued at $98,155,000 after purchasing an additional 180,276 shares during the last quarter. Stephens Investment Management Group LLC boosted its stake in shares of Pra Group by 22.9% in the 2nd quarter. Stephens Investment Management Group LLC now owns 887,523 shares of the business services provider’s stock valued at $34,436,000 after purchasing an additional 165,269 shares during the last quarter. Finally, WINTON GROUP Ltd bought a new position in shares of Pra Group in the 1st quarter valued at about $6,212,000.

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 in the Americas and Europe. It is involved in the acquisition of accounts that are primarily the unpaid obligations of individuals owed to credit grantors, which include banks and other types of consumer, retail, and auto finance companies.

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Analyst Recommendations for Pra Group (NASDAQ:PRAA)

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