Pra Group (NASDAQ:PRAA) Lowered to “Sell” at BidaskClub

Pra Group (NASDAQ:PRAA) was downgraded by investment analysts at BidaskClub from a “hold” rating to a “sell” rating in a report issued on Wednesday, June 26th, BidAskClub reports.

A number of other equities analysts have also recently commented on PRAA. ValuEngine cut W&T Offshore from a “hold” rating to a “sell” rating in a report on Friday, April 26th. William Blair upgraded DENTSPLY SIRONA from a “market perform” rating to an “outperform” rating in a report on Friday, March 1st. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and one has given a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $35.00.

PRAA stock traded up $0.80 during trading hours on Wednesday, reaching $28.68. 262,400 shares of the stock were exchanged, compared to its average volume of 258,035. The company has a market cap of $1.27 billion, a P/E ratio of 19.91 and a beta of 1.62. The firm’s 50-day simple moving average is $28.58. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.20 and a current ratio of 1.20. Pra Group has a 12 month low of $22.62 and a 12 month high of $43.75.

Pra Group (NASDAQ:PRAA) last announced its quarterly earnings data on Thursday, May 9th. The business services provider reported $0.34 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.35 by ($0.01). Pra Group had a net margin of 6.42% and a return on equity of 5.26%. The company had revenue of $245.90 million during the quarter, compared to the consensus estimate of $244.08 million. During the same quarter in the previous year, the business earned $0.47 EPS. Pra Group’s revenue was up 9.7% on a year-over-year basis. Equities analysts expect that Pra Group will post 1.66 earnings per share for the current year.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in PRAA. Piedmont Investment Advisors Inc. increased its stake in Pra Group by 3.4% in the fourth quarter. Piedmont Investment Advisors Inc. now owns 10,768 shares of the business services provider’s stock valued at $262,000 after acquiring an additional 352 shares during the last quarter. Marshall Wace North America L.P. increased its stake in Pra Group by 32.9% in the first quarter. Marshall Wace North America L.P. now owns 1,655 shares of the business services provider’s stock valued at $44,000 after acquiring an additional 410 shares during the last quarter. Victory Capital Management Inc. increased its stake in Pra Group by 4.0% in the fourth quarter. Victory Capital Management Inc. now owns 12,322 shares of the business services provider’s stock valued at $300,000 after acquiring an additional 479 shares during the last quarter. Mason Street Advisors LLC grew its stake in shares of Pra Group by 3.4% during the first quarter. Mason Street Advisors LLC now owns 14,549 shares of the business services provider’s stock worth $390,000 after buying an additional 480 shares during the last quarter. Finally, Pitcairn Co. grew its stake in shares of Pra Group by 7.4% during the fourth quarter. Pitcairn Co. now owns 9,925 shares of the business services provider’s stock worth $242,000 after buying an additional 683 shares during the last quarter.

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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