Pra Group Inc (NASDAQ:PRAA) Director Penelope W. Kyle sold 1,975 shares of the stock in a transaction that occurred on Friday, December 29th. The shares were sold at an average price of $33.45, for a total value of $66,063.75. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website.
Pra Group Inc (PRAA) opened at $34.80 on Friday. The firm has a market capitalization of $1,578.66, a price-to-earnings ratio of 54.61 and a beta of 1.60. Pra Group Inc has a fifty-two week low of $25.72 and a fifty-two week high of $42.70.
Pra Group (NASDAQ:PRAA) last announced its quarterly earnings data on Wednesday, November 8th. The business services provider reported $0.34 earnings per share for the quarter, missing analysts’ consensus estimates of $0.38 by ($0.04). The firm had revenue of $201.00 million during the quarter, compared to analysts’ expectations of $196.96 million. Pra Group had a net margin of 7.57% and a return on equity of 2.98%. The company’s revenue for the quarter was down 9.5% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.68 EPS. analysts forecast that Pra Group Inc will post 1.38 earnings per share for the current year.
A number of research analysts have recently issued reports on PRAA shares. Zacks Investment Research upgraded Pra Group from a “strong sell” rating to a “hold” rating in a research report on Tuesday, November 21st. Keefe, Bruyette & Woods lowered Pra Group from an “outperform” rating to a “market perform” rating and raised their price objective for the company from $36.00 to $40.00 in a report on Tuesday, October 10th. Janney Montgomery Scott upgraded Pra Group from a “sell” rating to a “neutral” rating in a report on Thursday, November 9th. Raymond James Financial restated an “underperform” rating on shares of Pra Group in a report on Thursday, September 21st. Finally, Citigroup lowered Pra Group to an “underperform” rating in a report on Thursday, September 21st. Two equities research analysts have rated the stock with a sell rating and four have assigned a hold rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $40.00.
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About Pra Group
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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