BidaskClub upgraded shares of Pra Group (NASDAQ:PRAA) from a hold rating to a buy rating in a research report report published on Thursday morning, BidAskClub reports.

A number of other brokerages have also recently issued reports on PRAA. ValuEngine raised Pra Group from a hold rating to a buy rating in a research report on Saturday, August 10th. Buckingham Research upped their target price on Pra Group from $30.00 to $32.00 and gave the company a neutral rating in a research report on Friday, August 9th. Three research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Pra Group has a consensus rating of Buy and a consensus target price of $32.00.

Shares of NASDAQ PRAA traded up $0.68 during trading hours on Thursday, reaching $34.86. The stock had a trading volume of 18,492 shares, compared to its average volume of 232,436. The firm has a market cap of $1.57 billion, a price-to-earnings ratio of 24.20 and a beta of 1.62. The company has a current ratio of 1.20, a quick ratio of 1.20 and a debt-to-equity ratio of 0.07. Pra Group has a fifty-two week low of $22.62 and a fifty-two week high of $39.40. The firm has a 50-day moving average of $32.39 and a 200-day moving average of $29.36.

Pra Group (NASDAQ:PRAA) last announced its earnings results on Thursday, August 8th. The business services provider reported $0.41 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.37 by $0.04. The firm had revenue of $252.06 million during the quarter, compared to analysts’ expectations of $245.48 million. Pra Group had a return on equity of 5.16% and a net margin of 6.11%. The business’s revenue was up 13.8% on a year-over-year basis. During the same period in the prior year, the firm earned $0.43 EPS. On average, equities analysts predict that Pra Group will post 1.71 EPS for the current year.

A number of institutional investors and hedge funds have recently bought and sold shares of PRAA. Ladenburg Thalmann Financial Services Inc. raised its stake in Pra Group by 279.9% during the 2nd quarter. Ladenburg Thalmann Financial Services Inc. now owns 927 shares of the business services provider’s stock valued at $25,000 after acquiring an additional 683 shares during the last quarter. Marshall Wace North America L.P. raised its stake in Pra Group by 32.9% during the 1st 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. Crossmark Global Holdings Inc. purchased a new stake in Pra Group during the 2nd quarter valued at approximately $203,000. LPL Financial LLC purchased a new stake in Pra Group during the 2nd quarter valued at approximately $208,000. Finally, Paloma Partners Management Co purchased a new stake in Pra Group during the 2nd quarter valued at approximately $214,000.

About Pra Group

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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