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PRA Group Inc. (NASDAQ: PRAA) In 2023: Will It Be A Valuable Investment?

In the last trading session, 1.13 million shares of the PRA Group Inc. (NASDAQ:PRAA) were traded, and its beta was 1.21. Most recently the company’s share price was $20.31, and it changed around $1.41 or 7.46% from the last close, which brings the market valuation of the company to $801.23M. PRAA currently trades at a discount to its 52-week high of $43.34, offering almost -113.39% off that amount. The share price’s 52-week low was $17.74, which indicates that the current value has risen by an impressive 12.65% since then. We note from PRA Group Inc.’s average daily trading volume that its 10-day average is 0.99 million shares, with the 3-month average coming to 418.49K.

PRA Group Inc. stock received a consensus recommendation rating of an Overweight, based on a mean score of 2.20. If we narrow it down even further, the data shows that 0 out of 5 analysts rate the stock as a Sell; another 0 rate it as Overweight. Among the rest, 2 recommended PRAA as a Hold, whereas 3 deemed it a Buy, and 0 rated it as Underweight. PRA Group Inc. is expected to report earnings per share of -$0.14 for the current quarter.

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PRA Group Inc. (NASDAQ:PRAA) trade information

Instantly PRAA has showed a green trend with a performance of 7.46% at the end of last trading. The performance over the last five days has remained in the green territory. The rise to weekly highs of 20.42 on Tuesday, 05/23/23 increased the stock’s daily price by 0.54%. The company’s shares are currently down -39.88% year-to-date, but still up 8.55% over the last five days. On the other hand, PRA Group Inc. (NASDAQ:PRAA) is -46.13% up in the 30-day period. We can see from the shorts that 1.41 million shares have been sold at a short interest cover period of 7.33 day(s).

The consensus price target as assigned by Wall Street analysts is $34.33, which translates to bulls needing to increase their stock price by 40.84% from its current value. Analyst projections state that PRAA is forecast to be at a low of $19.00 and a high of $42.00. In order for the stock price to hit the forecast high, the stock would need to plunge -106.79% from its current level, while the stock would need to crash 6.45% from its current level to reach the projected low.

PRA Group Inc. (PRAA) estimates and forecasts

PRA Group Inc. share prices are performing particularly well not compared to other companies within the same industry. As is evident from the statistics, the company’s shares have fallen -40.02 percent over the past six months and at a -131.29% annual growth rate that is well below the industry average of 1.70%. Moreover, analysts have decided to roll up on their fiscal year 2023 revenue estimates. The rating firms predict that it will loss -115.40% in revenue this quarter, and will report a decrease of -104.80% in the next quarter. The year-over-year growth rate is expected to be -18.80%, down from the previous year.

Consensus estimates provided by 5 financial analysts predict the company will bring in an average of $205.1 million in revenue for the current quarter. 5 analysts expect PRA Group Inc. to make $210.43 million in revenue for the quarter ending Sep 2023. The company’s sales for the same quarters a year ago were $258.26 million and $227.28 million respectively. Analysts predict that the company’s current quarter sales will drop, forecast at -20.60%. Forecasts for the next quarter put sales growth at -7.40%.

Looking at the company’s year-over-year earnings, the past five years showed a positive earnings growth rate of 8.30%. PRA Group Inc. earnings are expected to increase by -27.30% in 2023, but the outlook is positive 36.00% per year for the next five years.

PRAA Dividends

PRA Group Inc.’s next quarterly earnings report is expected to be released in June.

PRA Group Inc. (NASDAQ:PRAA)’s Major holders

Upon looking at major shareholders, it appears that insiders hold 1.94% of PRA Group Inc. shares, and 103.26% of them are in the hands of institutional investors. The stock currently has a share float of 105.30%. PRA Group Inc. stock is held by 264 institutions, with Blackrock Inc. being the largest institutional investor. By Mar 30, 2023, it held 16.52% of the shares, which is about 6.47 million shares worth $252.06 million.

Vanguard Group, Inc. (The), with 11.16% or 4.37 million shares worth $170.36 million as of Mar 30, 2023, holds the second largest percentage of outstanding shares.

iShares Core S&P Smallcap ETF and Vanguard Total Stock Market Index Fund were the top two Mutual Funds as of Feb 27, 2023. The former held 2.97 million shares worth $126.42 million, making up 7.62% of all outstanding shares. On the other hand, Vanguard Total Stock Market Index Fund held roughly 1.1 million shares worth around $37.0 million, which represents about 2.81% of the total shares outstanding.

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