T. Rowe Price Investment Manageme recently announced the acquisition of new stake in PRA Group Inc. (NASDAQ:PRAA). This fresh investment now brings its stake to 7.25% valued currently at $95.51 million. In addition, Wellington Management Co. LLP raised its holdings by 2145.0 to 2.27 million shares. And Dimensional Fund Advisors LP has lifted its position by 9.12% or 0.18 million shares – to 2.19 million shares.
With over 0.27 million PRA Group Inc. (PRAA) shares trading Tuesday and a closing price of $36.10 on the day, the dollar volume was approximately $9.7 million. The shares have shown a negative half year performance of -3.37% and its price on 01/17/23 gained nearly 1.58%. Currently, there are 39.02M common shares owned by the public and among those 38.23M shares have been available to trade.
The analysts have set the share’s price value over the next 12 months at a high of $48.00 and a low of $31.00. The average price target is 10.49% above its recent price level and a downside to the estimated low will see the stock lose -16.45% over that period. But an upside of 24.79% will see the stock hit the forecast high price target while median target price for the stock is $42.00.
Insiders at the company have transacted a total of 66 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 25 of these insider trades were purchases, accounting for 335,168 shares. Insider sales of the common stock occurred on 41 occasions, with total insider shares sold totaling 177,958 shares.
The top 3 mutual fund holders in PRA Group Inc. are iShares Core S&P Small Cap ETF, Vanguard Total Stock Market Index, and Vanguard Explorer Fund. iShares Core S&P Small Cap ETF owns 2.88 million shares of the company’s stock, all valued at over $97.4 million. The company sold 2120.0 shares recently to bring their total holdings to about 7.40% of the shares outstanding. Vanguard Explorer Fund now owns shares totaling to 2.47% of the shares outstanding.
Shares of PRA Group Inc. (NASDAQ: PRAA) opened at $35.64, up $0.1 from a prior closing price of $35.54. However, the script later moved the day high at 36.12, up 1.58%. The company’s stock has a 5-day price change of 3.44% and 12.50% over the past three months. PRAA shares are trading 6.87% year to date (YTD), with the 12-month market performance down to -28.46% lower. It has a 12-month low price of $29.68 and touched a high of $50.92 over the same period. PRAA has an average intraday trading volume of 205.41K shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 5.91%, 7.10%, and -1.39% respectively.
Institutional ownership of PRA Group Inc. (NASDAQ: PRAA) 39.02M shares outstanding. Mutual fund holders own 39.91%, while other institutional holders and individual stakeholders account for 64.13% and 3.99% respectively.
It has a market capitalization of $1.41B and a beta (3y monthly) value of 1.12. The stock’s trailing 12-month PE ratio is 10.94, while the earnings-per-share (ttm) stands at $3.30. The company has a PEG of 0.30 and the debt-to-equity ratio at 2.18. Price movements for the stock have been influenced by the stock’s volatility, which stands at 2.03% over the week and 2.21% over the month.
Analysts forecast that PRA Group Inc. (PRAA) will achieve an EPS of $0.46 for the current quarter, $0.44 for the next quarter and $2.86 for 2023. The lowest estimate earnings-per-share for the quarter is $0.36 while analysts give the company a high EPS estimate of $0.54. Comparatively, EPS for the current quarter was $0.76 a year ago. Earnings per share for the fiscal year are expected to increase by 24.10%, and -20.11% over the next financial year. EPS should grow at an annualized rate of 36.00% over the next five years, compared to 16.80% over the past 5-year period.
If you are looking to buy this stock, then you may note that the average analyst recommendation by 5 brokerage firm advisors rate PRA Group Inc. (PRAA) as a “Moderate Buy” at a consensus score of 2.20. Specifically, 3 Wall Street analysts polled rate the stock as a buy, while 2 of the 5 advise that investors “hold,” and 0 rated it as a “Sell.”
Looking at the support for the PRAA, a number of firms have released research notes about the stock. JMP Securities stated their Mkt Outperform rating for the stock in a research note on May 08, 2020, with the firm’s price target at $35. Keefe Bruyette coverage for the PRA Group Inc. (PRAA) stock in a research note released on April 13, 2020 offered a Outperform rating with a price target of $35. Janney on their part issued Neutral rating on November 09, 2017.