Analyst Rating Update on PRA Group (PRAA)

PRA Group (NASDAQ:PRAA) : 6 analysts are covering PRA Group (NASDAQ:PRAA) and their average rating on the stock is 1.83, which is read as a Buy. 3 equity analysts believe that the stock has a bright future and the price doesnt capture all of its upside, hence they rate the stock as a Strong Buy. PRA Group (NASDAQ:PRAA) also receives 1 more Buy recommendations from analysts who believe that the stock will do well going forward. A Zacks Investment Research rank of 5, which recommends a Strong Sell affirms that they expect a large upside in the stock from the current levels. A total of 2 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.

PRA Group (NASDAQ:PRAA) : Currently there are 3 street experts covering PRA Group (NASDAQ:PRAA) stock. The most bullish and bearish price target for the stock is $38 and $29 respectively for the short term. The average price target of all the analysts comes to $33. The estimated standard deviation from the target is $4.58.

For the current week, the company shares have a recommendation consensus of Buy.

PRA Group (NASDAQ:PRAA): stock turned positive on Tuesday. Though the stock opened at $23.18, the bulls momentum made the stock top out at $23.85 level for the day. The stock recorded a low of $23.02 and closed the trading day at $23.36, in the green by 2.48%. The total traded volume for the day was 750,304. The stock had closed at $22.795 in the previous days trading.

In an insider trading activity, Olsen Geir, director of Pra Group Inc, executed a transaction worth $675,750 on May 17, 2016. A total of 25,000 shares were purchased at an average price of $27.03. The Insider information was divulged by the Securities and Exchange Commission in a Form 4 filing. The information is based on open market trades at the market prices.Option exercises are not covered.

PRA Group Inc. (PRA Group) formerly Portfolio Recovery Associates Inc. and its subsidiaries is a financial and business service company. The Companys primary business is the purchase collection and management of portfolios of defaulted consumer receivables. These are the unpaid obligations of individuals to credit originators which include banks credit unions consumer and auto finance companies and retail merchants. The Company also provides feebased services including vehicle location skip tracing and collateral recovery services for auto lenders Governments and law enforcement through PRA Location Services LLC (PLS) revenue administration audit and debt discovery or recovery services for local Government entities through PRA Government Services LLC and MuniServices LLC (PGS) and class action claims recovery services and related payment processing through Claims Compensation Bureau LLC (CCB).

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