Media headlines about PRA Group (NASDAQ:PRAA) have been trending somewhat positive on Saturday, according to AlphaOne Sentiment Analysis. The research group, a subsidiary of Accern, ranks the sentiment of news coverage by monitoring more than twenty million news and blog sources in real time. AlphaOne ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. PRA Group earned a coverage optimism score of 0.11 on AlphaOne’s scale. AlphaOne also gave news stories about the business services provider an impact score of 0 out of 100, indicating that recent news coverage is extremely unlikely to have an impact on the stock’s share price in the near term.
PRA Group (NASDAQ PRAA) traded down 1.64% during trading on Friday, hitting $35.90. The stock had a trading volume of 460,814 shares. The company has a market cap of $1.67 billion, a PE ratio of 16.52 and a beta of 1.66. The stock has a 50-day moving average price of $35.61 and a 200-day moving average price of $36.20. PRA Group has a 52 week low of $21.93 and a 52 week high of $42.70.
PRA Group (NASDAQ:PRAA) last posted its quarterly earnings results on Tuesday, May 9th. The business services provider reported $0.38 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.44 by $0.06. PRA Group had a return on equity of 7.57% and a net margin of 12.47%. The business had revenue of $206.56 million during the quarter, compared to analyst estimates of $198.48 million. During the same period last year, the company earned $0.85 EPS. The business’s revenue for the quarter was down 8.1% on a year-over-year basis. Equities analysts predict that PRA Group will post $2.05 EPS for the current year.
Several equities analysts have recently commented on the company. Keefe, Bruyette & Woods assumed coverage on PRA Group in a report on Wednesday, May 24th. They set an “outperform” rating and a $40.00 target price for the company. Zacks Investment Research raised PRA Group from a “strong sell” rating to a “hold” rating in a report on Tuesday, May 2nd. One analyst has rated the stock with a hold rating and three have issued a buy rating to the company. PRA Group currently has a consensus rating of “Buy” and an average target price of $38.00.
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In other news, Director Geir Olsen acquired 142,000 shares of the company’s stock in a transaction dated Tuesday, May 23rd. The stock was bought at an average price of $34.55 per share, with a total value of $4,906,100.00. Following the completion of the acquisition, the director now owns 27,162 shares in the company, valued at approximately $938,447.10. The acquisition was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Company insiders own 1.70% of the company’s stock.
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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