Brett Paschke, a director at PRA Group Inc. (NASDAQ:PRAA), recently acquired 5,000 shares of the company’s common stock. The timing is notable as InvestingPro data shows the stock trading near its 52-week low of $12.91, with shares down over 30% in the past week. The purchase, valued at approximately $66,950, was executed at a weighted average price of $13.39 per share. The transactions occurred on May 7, 2025, with share prices ranging from $13.05 to $14.02. Following this transaction, Paschke holds a total of 30,056 shares directly. Additionally, through indirect ownership by trust, he holds 12,250 shares. According to InvestingPro, the stock’s RSI suggests oversold territory, while trading at attractive multiples with a P/E ratio of 10.7 and price-to-book of 0.44. Get access to 12 more exclusive ProTips and comprehensive analysis with InvestingPro.
In other recent news, PRA Group reported its first-quarter 2025 earnings, revealing a significant miss on both earnings and revenue expectations. The company posted an earnings per share (EPS) of $0.09, falling short of the forecasted $0.44, while revenue reached $269.62 million, below the anticipated $291.14 million. Despite a 19% growth in portfolio purchases and strong performance in Europe, U.S. collections did not meet expectations, contributing to the earnings shortfall. In response, Citizens JMP analyst David Scharf lowered the price target for PRA Group to $23 from $30, maintaining a Market Outperform rating. The company’s management has revised its full-year guidance for Return on Average Tangible Equity, reducing the forecast from 12% due to the earnings miss. Additionally, PRA Group highlighted the appointment of Martin Sjolund as the new CEO, emphasizing his successful track record in Europe. Analysts from Raymond (NSE:RYMD) James noted that while the company’s GAAP results were below estimates, the broader business trajectory remains stable. Despite these challenges, PRA Group continues to focus on its strategic initiatives and has not altered its financial targets, except for the revised equity return expectations.
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