PRA Group, Inc. (NASDAQ:PRAA - Get Free Report) shares crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $21.81 and traded as high as $22.74. PRA Group shares last traded at $22.62, with a volume of 200,909 shares.
Wall Street Analyst Weigh In
PRAA has been the topic of a number of analyst reports. StockNews.com raised shares of PRA Group from a "hold" rating to a "buy" rating in a report on Wednesday, October 16th. Truist Financial lifted their price objective on shares of PRA Group from $28.00 to $31.00 and gave the stock a "buy" rating in a report on Tuesday, November 5th.
View Our Latest Stock Analysis on PRAA
PRA Group Stock Performance
The company has a market capitalization of $859.57 million, a P/E ratio of 19.82 and a beta of 1.49. The stock has a 50 day moving average price of $21.07 and a 200 day moving average price of $21.80.
PRA Group (NASDAQ:PRAA - Get Free Report) last released its earnings results on Monday, November 4th. The business services provider reported $0.69 EPS for the quarter, topping analysts' consensus estimates of $0.32 by $0.37. The company had revenue of $281.48 million for the quarter, compared to analysts' expectations of $262.20 million. PRA Group had a return on equity of 2.90% and a net margin of 4.16%. The business's revenue for the quarter was up 30.1% compared to the same quarter last year. During the same period in the previous year, the business posted ($0.31) EPS. As a group, sell-side analysts expect that PRA Group, Inc. will post 1.57 earnings per share for the current year.
Institutional Investors Weigh In On PRA Group
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in PRAA. Point72 Asia Singapore Pte. Ltd. bought a new stake in PRA Group in the 2nd quarter valued at about $29,000. Quarry LP raised its stake in PRA Group by 282.6% in the 3rd quarter. Quarry LP now owns 1,316 shares of the business services provider's stock valued at $29,000 after acquiring an additional 972 shares during the period. FMR LLC raised its stake in PRA Group by 55.0% in the 3rd quarter. FMR LLC now owns 1,707 shares of the business services provider's stock valued at $38,000 after acquiring an additional 606 shares during the period. Point72 DIFC Ltd raised its stake in PRA Group by 388.6% in the 3rd quarter. Point72 DIFC Ltd now owns 2,150 shares of the business services provider's stock valued at $48,000 after acquiring an additional 1,710 shares during the period. Finally, nVerses Capital LLC grew its holdings in PRA Group by 168.8% during the 3rd quarter. nVerses Capital LLC now owns 4,300 shares of the business services provider's stock valued at $96,000 after buying an additional 2,700 shares in the last quarter. 97.22% of the stock is currently owned by institutional investors.
About PRA Group
(
Get Free Report)
PRA Group, Inc, a financial and business services company, engages in the purchase, collection, and management of portfolios of nonperforming loans worldwide. It is involved in the purchase of accounts that are primarily the unpaid obligations of individuals owed to credit originators, which include banks and other types of consumer, retail, and auto finance companies.
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