Pra Group (PRAA) Downgraded to Sell at BidaskClub

BidaskClub downgraded shares of Pra Group (NASDAQ:PRAA) from a hold rating to a sell rating in a report released on Saturday morning.

Several other analysts also recently weighed in on PRAA. Janney Montgomery Scott downgraded shares of Pra Group from a neutral rating to a sell rating in a research report on Wednesday, October 4th. UBS Group initiated coverage on shares of Pra Group in a research report on Monday, January 8th. They issued a market perform rating for the company. Zacks Investment Research downgraded shares of Pra Group from a hold rating to a strong sell rating in a research report on Tuesday, January 9th. Keefe, Bruyette & Woods downgraded shares of Pra Group from an outperform rating to a market perform rating and upped their price target for the company from $36.00 to $40.00 in a research report on Tuesday, October 10th. Finally, Oppenheimer initiated coverage on shares of Pra Group in a research report on Monday, January 8th. They issued a hold rating for the company. Four investment analysts have rated the stock with a sell rating and four have given a hold rating to the company. The stock currently has an average rating of Hold and an average target price of $40.00.

Shares of Pra Group (PRAA) traded up $0.45 during trading hours on Friday, hitting $34.90. 241,154 shares of the stock traded hands, compared to its average volume of 233,879. The stock has a market cap of $1,576.40, a P/E ratio of 54.53 and a beta of 1.60. Pra Group has a twelve month low of $25.72 and a twelve month high of $42.70.

Pra Group (NASDAQ:PRAA) last issued its quarterly earnings data on Wednesday, November 8th. The business services provider reported $0.34 earnings per share for the quarter, missing the consensus estimate of $0.38 by ($0.04). The company had revenue of $201.00 million for the quarter, compared to analysts’ expectations of $196.96 million. Pra Group had a return on equity of 2.98% and a net margin of 7.57%. The firm’s quarterly revenue was down 9.5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.68 EPS. sell-side analysts predict that Pra Group will post 1.38 earnings per share for the current fiscal year.

In related news, Director Penelope W. Kyle sold 1,975 shares of the company’s stock in a transaction on Saturday, December 29th. The shares were sold at an average price of $33.45, for a total value of $66,063.75. Following the completion of the sale, the director now owns 36,425 shares in the company, valued at approximately $1,218,416.25. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 2.10% of the stock is owned by corporate insiders.

Hedge funds have recently added to or reduced their stakes in the stock. Zurcher Kantonalbank Zurich Cantonalbank raised its position in Pra Group by 12.0% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,829 shares of the business services provider’s stock valued at $107,000 after purchasing an additional 304 shares during the last quarter. Public Employees Retirement System of Ohio increased its stake in Pra Group by 10.7% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 3,150 shares of the business services provider’s stock valued at $119,000 after buying an additional 305 shares during the period. Zions Bancorporation acquired a new position in Pra Group in the 3rd quarter valued at $121,000. SG Americas Securities LLC acquired a new position in Pra Group in the 3rd quarter valued at $189,000. Finally, Advisor Group Inc. increased its stake in Pra Group by 3.5% in the 2nd quarter. Advisor Group Inc. now owns 5,829 shares of the business services provider’s stock valued at $221,000 after buying an additional 196 shares during the period.

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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.

Analyst Recommendations for Pra Group (NASDAQ:PRAA)

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