PRA Group (NASDAQ:PRAA) Stock Price Crosses Above 200 Day Moving Average – Should You Sell?

Shares of PRA Group, Inc. (NASDAQ:PRAA) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $21.81 and traded as high as $22.74. PRA Group shares last traded at $22.62, with a volume of 200,909 shares traded.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on PRAA. StockNews.com raised shares of PRA Group from a “hold” rating to a “buy” rating in a research report on Wednesday, October 16th. Truist Financial increased 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.

PRA Group Stock Up 4.1 %

The firm’s 50 day simple moving average is $21.06 and its 200 day simple moving average is $21.81. The company has a market cap of $891.91 million, a price-to-earnings ratio of 20.56 and a beta of 1.48.

PRA Group (NASDAQ:PRAA) last posted its quarterly earnings data on Monday, November 4th. The business services provider reported $0.69 EPS for the quarter, beating analysts’ consensus estimates of $0.32 by $0.37. PRA Group had a net margin of 4.16% and a return on equity of 2.90%. The business had revenue of $281.48 million for the quarter, compared to analyst estimates of $262.20 million. During the same quarter last year, the business earned ($0.31) earnings per share. The business’s revenue for the quarter was up 30.1% on a year-over-year basis. Analysts anticipate that PRA Group, Inc. will post 1.57 EPS for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. Jane Street Group LLC grew its position in PRA Group by 92.8% in the third quarter. Jane Street Group LLC now owns 88,634 shares of the business services provider’s stock worth $1,982,000 after buying an additional 42,656 shares during the last quarter. Barclays PLC grew its position in PRA Group by 55.0% in the third quarter. Barclays PLC now owns 117,053 shares of the business services provider’s stock worth $2,618,000 after buying an additional 41,525 shares during the last quarter. JPMorgan Chase & Co. grew its position in PRA Group by 40.2% in the third quarter. JPMorgan Chase & Co. now owns 74,937 shares of the business services provider’s stock worth $1,676,000 after buying an additional 21,476 shares during the last quarter. State Street Corp grew its position in PRA Group by 1.0% in the third quarter. State Street Corp now owns 1,502,427 shares of the business services provider’s stock worth $33,594,000 after buying an additional 14,758 shares during the last quarter. Finally, FMR LLC grew its position in PRA Group by 55.0% in the third quarter. FMR LLC now owns 1,707 shares of the business services provider’s stock worth $38,000 after buying an additional 606 shares during the last quarter. Institutional investors and hedge funds 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.