PRA Group (NASDAQ:PRAA) Shares Gap Down – Time to Sell?

Shares of PRA Group, Inc. (NASDAQ:PRAA) gapped down prior to trading on Wednesday . The stock had previously closed at $22.32, but opened at $21.81. PRA Group shares last traded at $21.33, with a volume of 32,001 shares trading hands.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the stock. Truist Financial upped their price target on shares of PRA Group from $28.00 to $31.00 and gave the stock a “buy” rating in a research report on Tuesday, November 5th. StockNews.com raised PRA Group from a “hold” rating to a “buy” rating in a research report on Wednesday, October 16th.

PRA Group Stock Down 6.0 %

The firm has a market cap of $826.85 million, a price-to-earnings ratio of 20.29 and a beta of 1.50. The company has a 50 day moving average of $21.64 and a 200 day moving average of $21.97.

PRA Group (NASDAQ:PRAA) last issued its quarterly earnings results on Monday, November 4th. The business services provider reported $0.69 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.32 by $0.37. The business had revenue of $281.48 million during the quarter, compared to analyst estimates of $262.20 million. PRA Group had a net margin of 4.16% and a return on equity of 2.90%. The business’s revenue was up 30.1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned ($0.31) earnings per share. As a group, equities research analysts expect that PRA Group, Inc. will post 1.57 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. SG Americas Securities LLC bought a new position in shares of PRA Group during the first quarter valued at approximately $103,000. ProShare Advisors LLC bought a new position in shares of PRA Group in the first quarter valued at approximately $203,000. State Board of Administration of Florida Retirement System raised its stake in shares of PRA Group by 389.5% in the 1st quarter. State Board of Administration of Florida Retirement System now owns 53,977 shares of the business services provider’s stock worth $1,408,000 after buying an additional 42,950 shares in the last quarter. UniSuper Management Pty Ltd acquired a new stake in PRA Group in the 1st quarter valued at about $736,000. Finally, Quadrature Capital Ltd lifted its position in shares of PRA Group by 10.7% during the 1st quarter. Quadrature Capital Ltd now owns 19,167 shares of the business services provider’s stock valued at $500,000 after acquiring an additional 1,846 shares during the last quarter. Institutional investors own 97.22% of the company’s stock.

About PRA Group

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.