BidaskClub lowered shares of PRA Group, Inc. (NASDAQ:PRAA) from a buy rating to a hold rating in a report released on Tuesday, July 25th.
Several other equities analysts have also weighed in on PRAA. Zacks Investment Research lowered shares of PRA Group from a hold rating to a sell rating in a report on Thursday, July 13th. Keefe, Bruyette & Woods began coverage on shares of PRA Group in a report on Wednesday, May 24th. They issued an outperform rating and a $40.00 target price on the stock. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have assigned a buy rating to the company’s stock. The stock presently has an average rating of Hold and a consensus price target of $38.00.
PRA Group (PRAA) traded up 2.56% during mid-day trading on Tuesday, reaching $40.05. 723,830 shares of the company were exchanged. The company has a market capitalization of $1.86 billion, a price-to-earnings ratio of 18.43 and a beta of 1.49. The company has a 50 day moving average of $38.01 and a 200-day moving average of $36.35. PRA Group has a 1-year low of $23.15 and a 1-year high of $42.70.
PRA Group (NASDAQ:PRAA) last posted its earnings results on Tuesday, May 9th. The business services provider reported $0.38 earnings per share for the quarter, missing the consensus estimate of $0.44 by $0.06. The firm had revenue of $206.56 million during the quarter, compared to analyst estimates of $198.48 million. PRA Group had a net margin of 12.47% and a return on equity of 7.57%. The business’s revenue for the quarter was down 8.1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.85 earnings per share. On average, equities research analysts forecast that PRA Group will post $2.05 EPS for the current year.
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In related news, Director Geir Olsen purchased 142,000 shares of PRA Group stock in a transaction dated Tuesday, May 23rd. The shares were acquired at an average cost of $34.55 per share, with a total value of $4,906,100.00. Following the purchase, the director now owns 27,162 shares of the company’s stock, valued at $938,447.10. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. 2.10% of the stock is currently owned by insiders.
Several large investors have recently added to or reduced their stakes in the stock. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in PRA Group by 12.0% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,829 shares of the business services provider’s stock worth $107,000 after buying an additional 304 shares during the period. Huntington National Bank increased its stake in PRA Group by 5.5% in the second quarter. Huntington National Bank now owns 3,084 shares of the business services provider’s stock worth $117,000 after buying an additional 162 shares during the period. Parkside Financial Bank & Trust increased its stake in PRA Group by 12.6% in the first quarter. Parkside Financial Bank & Trust now owns 3,243 shares of the business services provider’s stock worth $107,000 after buying an additional 364 shares during the period. Quantbot Technologies LP bought a new stake in PRA Group during the first quarter worth about $125,000. Finally, Ameritas Investment Partners Inc. bought a new stake in PRA Group during the first quarter worth about $132,000.
PRA Group Company Profile
PRA Group, Inc (PRA Group) is a financial and business services company with operations in the Americas and Europe. The Company’s primary business is the purchase, collection and management of portfolios of nonperforming loans. The Company operates through the account receivables management segment. It also provides fee-based services, such as vehicle location, skip tracing and collateral recovery for auto lenders, government entities and law enforcement; revenue administration, audit and revenue discovery/recovery services for local government entities; class action claims recovery services and purchases; servicing of consumer bankruptcy accounts in the United States, and contingent collections of nonperforming loans in Europe and South America.
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