Option chain shows key data for PRA Group's stock options at various strike prices and expiration dates. Traders use this information to analyze potential trades and assess market sentiment for PRA Group.

PRA Group (NASDAQ:PRAA) Stock, Option Chain

PRA Group

PRA Group Inc is a leader in acquiring and collecting nonperforming loans. The company returns capital to banks and other creditors to help expand financial services for consumers in the Americas, Europe, and Australia. It is also engaged in providing fee-based services on class action claims recoveries in the United States. The company's portfolio segments include; Core, which is engaged in purchasing and collecting nonperforming loans, which the originators have not chosen not to pursue, and the Insolvency segment which is engaged in purchasing and collecting nonperforming loans where the customer is involved in a bankruptcy proceeding.

Earnings

News

Penny Stocks

Eurozone

Commodities

Small Cap

Global

Intraday Update

Markets

Trading Ideas

CHNR

HTOO

PRAA

U.S. stocks traded lower toward the end of trading, with the Nasdaq Composite falling around 0.5% on Friday.

The Dow traded down 0.24% to 38,681.46 while the NASDAQ fell 0.56% to 15,816.84. The S&amp;P 500 also fell, dropping, 0.27% to 5,016.06.

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U.S. stocks traded lower midway through trading, with the Nasdaq Composite falling over 50 points on Friday.

The Dow traded down 0.10% to 38,736.15 while the NASDAQ fell 0.34% to 15,852.87. The S&amp;P 500 also fell, dropping, 0.09% to 5,025.26.

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PRA Group Inc

It was upsized by $50.0 million from the previously announced $100.0 million, at a price of 103.625% of their principal amount, in a private transaction that is exempt from the registration requirements of the Securities Act of 1933, as amended.

Offerings

PRA Group Reports Pricing Of Upsized Offering Of Additional $150M Of Senior Notes Due 2030

PRA Group, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PRAA#NASDAQ">PRAA</a>) (the "Company"), a global leader in acquiring and collecting nonperforming loans, announced today that it plans, subject to market and other conditions, to offer $100.0 million aggregate principal amount of senior notes due 2030 (the "notes") in a private transaction that is exempt from the registration requirements of the Securities Act of 1933, as amended (the "Securities Act"). The notes will be a further issuance of the Company's existing 8.875% Senior Notes due 2030 and will be issued as additional notes under the indenture dated as of May 20, 2024, pursuant to which the Company previously issued $400.0 million aggregate principal amount of 8.875% Senior Notes due 2030 (the "existing notes"). The notes will be of the same class and series as, and are otherwise identical to, the existing notes other than with respect to the date of issuance and issue price.

PRA Group Announces Proposed Offering Of Additional $100M Of Senior Notes Due 2030

WIIM

PRA Group shares are trading higher after the company reported better-than-expected Q3 financial results. Additionally, Truist Securities maintained a Buy rating on the stock and raised its price target from $28 to $31.

Truist Securities analyst Mark Hughes maintains PRA Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PRAA#NASDAQ">PRAA</a>) with a Buy and raises the price target from $28 to $31.

Price Target

Analyst Ratings

Truist Securities Maintains Buy on PRA Group, Raises Price Target to $31

PRA Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PRAA#NASDAQ">PRAA</a>) .

Guidance

PRA Group says On Track to Achieve Financial and Operational Targets for 2024; Announces Targets for 2025

PRA Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PRAA#NASDAQ">PRAA</a>) reported quarterly earnings of $0.69 per share which beat the analyst consensus estimate of $0.32 by 115.62 percent. This is a 322.58 percent increase over losses of $(0.31) per share from the same period last year. The company reported quarterly sales of $281.477 million which beat the analyst consensus estimate of $262.198 million by 7.35 percent. This is a 30.05 percent increase over sales of $216.430 million the same period last year.

Earnings Beats

PRA Group Q3 2024 GAAP EPS $0.69 Beats $0.32 Estimate, Sales $281.477M Beat $262.198M Estimate

PRA Group, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PRAA#NASDAQ">PRAA</a>) (the &quot;Company&quot;), a global leader in acquiring and collecting nonperforming loans, announced today that it amended and extended its North American Credit Agreement on October 28, 2024 and its UK Credit Agreement on October 30, 2024. The amendments extended the maturities for both credit facilities, totaling $2.3 billion of aggregate commitment amount, for five years to October 2029. &nbsp;Pricing remains the same as the previous agreements at an interest margin of 2.25% for the North American Credit Agreement and 2.75% for the UK Credit agreement.

Financing

PRA Group Announces Amendment And Extension Of North American And United Kingdom Credit Agreements

Rumors

Watching PRA Group; Shares See Volume As Traders Circulate Stock Picked By Popular Newsletter Service

Truist Securities analyst Mark Hughes maintains PRA Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PRAA#NASDAQ">PRAA</a>) with a Buy and lowers the price target from $42 to $28.

Truist Securities Maintains Buy on PRA Group, Lowers Price Target to $28

PRA Group shares are trading lower. The company reported Q2 financial results.

PRA Group Expects FY24 ~60% Cash Efficiency Ratio; Double-Digit Cash Collections Growth

PRA Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PRAA#NASDAQ">PRAA</a>) reported quarterly earnings of $0.54 per share which beat the analyst consensus estimate of $0.08 by 575 percent. The company reported quarterly sales of $284.229 million which beat the analyst consensus estimate of $245.037 million by 15.99 percent. This is a 35.84 percent increase over sales of $209.236 million the same period last year.

PRA Group Q2 2024 GAAP EPS $0.54 Beats $0.08 Estimate, Sales $284.229M Beat $245.037M Estimate

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Shares of companies within the broader financial sector are trading lower amid overall weakness following concerns about recently issued US economic data.

PRA Group, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PRAA#NASDAQ">PRAA</a>) (the &ldquo;Company&rdquo;), a global leader in acquiring and collecting nonperforming loans, announced today the pricing on May&nbsp;15, 2024 of its offering of&nbsp;$400.0&nbsp;million&nbsp;aggregate principal amount of&nbsp;8.875%&nbsp;Senior Notes due 2030 (the &ldquo;notes&rdquo;), in a private transaction that is exempt from the registration requirements of the Securities Act of 1933, as amended (the &ldquo;Securities Act&rdquo;). The offering of the notes is expected to close on or about May&nbsp;20, 2024, subject to the satisfaction of customary closing conditions.
The notes will be guaranteed on a senior unsecured basis by each of the Company&rsquo;s existing and future domestic subsidiaries that is a borrower or guarantor under the Company&rsquo;s North American Credit Agreement.
PRA Group intends to use the net proceeds from the offering to repay approximately&nbsp;$396.0&nbsp;million&nbsp;of its outstanding borrowings under its North American revolving credit facility (the &ldquo;North American Revolver&rdquo;). The Company intends to subsequently use borrowings under the North American Revolver on or about September&nbsp;1, 2024 to redeem its&nbsp;$298.0&nbsp;million&nbsp;of&nbsp;7.375%&nbsp;Senior Notes due 2025 (the &ldquo;2025 senior notes&rdquo;) and to pay accrued and unpaid interest thereon, if any.

PRA Group Announces Pricing of Offering of $400M of 8.875% Senior Notes due 2030

JMP Securities analyst David Scharf reiterates PRA Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PRAA#NASDAQ">PRAA</a>) with a Market Outperform and maintains $33 price target.

Reiteration

JMP Securities Reiterates Market Outperform on PRA Group, Maintains $33 Price Target

PRA Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PRAA#NASDAQ">PRAA</a>) reported quarterly earnings of $0.09 per share which beat the analyst consensus estimate of $(0.05) by 280 percent. This is a 106 percent increase over losses of $(1.50) per share from the same period last year. The company reported quarterly sales of $255.586 million which beat the analyst consensus estimate of $233.371 million by 9.52 percent. This is a 64.40 percent increase over sales of $155.470 million the same period last year.

PRA Group Q1 2024 GAAP EPS $0.09 Beats $(0.05) Estimate, Sales $255.586M Beat $233.371M Estimate

This whale alert can help traders discover the next big trading opportunities.
Whales are entities with large sums of money and we track their transactions here at Benzinga on our options activity scanner.
Traders often look for circumstances when the market estimation of an option diverges away from its normal worth. Abnormal amounts of trading activity could push option prices to hyperbolic or underperforming levels. 
Below are some instances of options activity happening in the Financials sector: 
<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>PYPL</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>06/21/24</td>
<td>$75.00</td>
<td>$354.0K</td>
<td>12.7K</td>
<td>5.1K</td>
</tr>
<tr>
<td>JPM</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>05/03/24</td>
<td>$195.00</td>
<td>$27.9K</td>
<td>3.5K</td>
<td>3.0K</td>
</tr>
<tr>
<td>COIN</td>
<td>PUT</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>05/03/24</td>
<td>$200.00</td>
<td>$40.0K</td>
<td>1.4K</td>
<td>1.6K</td>
</tr>
<tr>
<td>AMRK</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>09/20/24</td>
<td>$40.00</td>
<td>$70.0K</td>
<td>1.4K</td>
<td>751</td>
</tr>
<tr>
<td>RKT</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>01/16/26</td>
<td>$12.00</td>
<td>$177.8K</td>
<td>10.5K</td>
<td>659</td>
</tr>
<tr>
<td>C</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>01/17/25</td>
<td>$67.50</td>
<td>$32.4K</td>
<td>2.4K</td>
<td>255</td>
</tr>
<tr>
<td>PRAA</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>05/17/24</td>
<td>$25.00</td>
<td>$26.4K</td>
<td>369</td>
<td>240</td>
</tr>
<tr>
<td>FUTU</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>06/21/24</td>
<td>$65.00</td>
<td>$106.1K</td>
<td>2.2K</td>
<td>224</td>
</tr>
<tr>
<td>RILY</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>06/21/24</td>
<td>$30.00</td>
<td>$46.0K</td>
<td>52</td>
<td>197</td>
</tr>
<tr>
<td>BHF</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>08/16/24</td>
<td>$50.00</td>
<td>$53.2K</td>
<td>814</td>
<td>146</td>
</tr>
</tbody>
</table>

<h2>Explanation</h2>
These itemized elaborations have been created using the accompanying table. 
• Regarding PYPL (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PYPL#NASDAQ">PYPL</a>), we observe a call option trade with bearish sentiment. It expires in 53 day(s) on June 21, 2024. Parties traded 2000 contract(s) at a $75.00 strike. The total cost received by the writing party (or parties) was $354.0K, with a price of $177.0 per contract. There were 12756 open contracts at this strike prior to today, and today 5183 contract(s) were bought and sold. 
• For JPM (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JPM#NYSE">JPM</a>), we notice a call option sweep that happens to be bearish, expiring in 4 day(s) on May 3, 2024. This event was a transfer of 225 contract(s) at a $195.00 strike. This particular call needed to be split into 5 different trades to become filled. The total cost received by the writing party (or parties) was $27.9K, with a price of $124.0 per contract. There were 3505 open contracts at this strike prior to today, and today 3063 contract(s) were bought and sold. 
• Regarding COIN (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COIN#NASDAQ">COIN</a>), we observe a put option trade with bullish sentiment. It expires in 4 day(s) on May 3, 2024. Parties traded 100 contract(s) at a $200.00 strike. The total cost received by the writing party (or parties) was $40.0K, with a price of $400.0 per contract. There were 1432 open contracts at this strike prior to today, and today 1670 contract(s) were bought and sold. 
• For AMRK (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMRK#NASDAQ">AMRK</a>), we notice a call option sweep that happens to be bullish, expiring in 144 day(s) on September 20, 2024. This event was a transfer of 125 contract(s) at a $40.00 strike. This particular call needed to be split into 16 different trades to become filled. The total cost received by the writing party (or parties) was $70.0K, with a price of $560.0 per contract. There were 1435 open contracts at this strike prior to today, and today 751 contract(s) were bought and sold. 
• For RKT (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RKT#NYSE">RKT</a>), we notice a call option sweep that happens to be bullish, expiring in 627 day(s) on January 16, 2026. This event was a transfer of 508 contract(s) at a $12.00 strike. This particular call needed to be split into 14 different trades to become filled. The total cost received by the writing party (or parties) was $177.8K, with a price of $350.0 per contract. There were 10531 open contracts at this strike prior to today, and today 659 contract(s) were bought and sold. 
• For C (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/C#NYSE">C</a>), we notice a put option sweep that happens to be bearish, expiring in 263 day(s) on January 17, 2025. This event was a transfer of 40 contract(s) at a $67.50 strike. This particular put needed to be split into 5 different trades to become filled. The total cost received by the writing party (or parties) was $32.4K, with a price of $810.0 per contract. There were 2483 open contracts at this strike prior to today, and today 255 contract(s) were bought and sold. 
• For PRAA (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PRAA#NASDAQ">PRAA</a>), we notice a call option sweep that happens to be bearish, expiring in 18 day(s) on May 17, 2024. This event was a transfer of 240 contract(s) at a $25.00 strike. This particular call needed to be split into 24 different trades to become filled. The total cost received by the writing party (or parties) was $26.4K, with a price of $110.0 per contract. There were 369 open contracts at this strike prior to today, and today 240 contract(s) were bought and sold. 
• Regarding FUTU (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FUTU#NASDAQ">FUTU</a>), we observe a call option trade with bullish sentiment. It expires in 53 day(s) on June 21, 2024. Parties traded 193 contract(s) at a $65.00 strike. The total cost received by the writing party (or parties) was $106.1K, with a price of $550.0 per contract. There were 2268 open contracts at this strike prior to today, and today 224 contract(s) were bought and sold. 
• Regarding RILY (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RILY#NASDAQ">RILY</a>), we observe a put option sweep with bearish sentiment. It expires in 53 day(s) on June 21, 2024. Parties traded 94 contract(s) at a $30.00 strike. This particular put needed to be split into 22 different trades to become filled. The total cost received by the writing party (or parties) was $46.0K, with a price of $490.0 per contract. There were 52 open contracts at this strike prior to today, and today 197 contract(s) were bought and sold. 
• For BHF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BHF#NASDAQ">BHF</a>), we notice a put option sweep that happens to be bullish, expiring in 109 day(s) on August 16, 2024. This event was a transfer of 140 contract(s) at a $50.00 strike. This particular put needed to be split into 28 different trades to become filled. The total cost received by the writing party (or parties) was $53.2K, with a price of $380.0 per contract. There were 814 open contracts at this strike prior to today, and today 146 contract(s) were bought and sold. 
Options Alert Terminology 
 - Call Contracts: The right to buy shares as indicated in the contract. 
 - Put Contracts: The right to sell shares as indicated in the contract. 
 - Expiration Date: When the contract expires. One must act on the contract by this date if one wants to use it. 
 - Premium/Option Price: The price of the contract. 
For more information, visit our <a href="https://pro.benzinga.com/blog/how-to-understand-option-alerts/">Guide to Understanding Options Alerts</a> or read <a href="https://www.benzinga.com/markets/options">more news on unusual options activity</a>. 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Options

AMRK

Brighthouse Financial, Inc. - Common Stock

PYPL

10 Financials Stocks With Whale Alerts In Today's Session

<a href="https://c212.net/c/link/?t=0&amp;l=en&amp;o=4143915-1&amp;h=2806673721&amp;u=https%3A%2F%2Fc212.net%2Fc%2Flink%2F%3Ft%3D0%26l%3Den%26o%3D4073306-1%26h%3D638545641%26u%3Dhttps%253A%252F%252Furldefense.com%252Fv3%252F__https%253A%252Fc212.net%252Fc%252Flink%252F%253Ft%253D0%2526l%253Den%2526o%253D4048487-1%2526h%253D2267749387%2526u%253Dhttp&#x2A;3A&#x2A;2F&#x2A;2Fwww.pragroup.com&#x2A;2F%2526a%253DPRA&#x2A;Group&#x2A;2C&#x2A;Inc.&#x2A;(Nasdaq&#x2A;3A&#x2A;PRAA)&#x2A;2C__%253BJSUlJSslKyslKyU!!HWvQIyGW2tjMtc_MmA!XOKmmKAJxGswPA4hFoUHHupToqkkCwzddts4T-KdsdoYnGy4uwSQDuQw-HBU1bmn_EeLL1rYNQz9elRUCAp_LnInYFs%2524%26a%3DPRA%2BGroup%252C%2BInc.%2B(Nasdaq%253A%2BPRAA)%252C&amp;a=PRA+Group%2C+Inc.+(Nasdaq%3A+PRAA)">PRA Group, Inc. (NASDAQ:</a><a href="https://www.benzinga.com/stock/PRAA#NASDAQ">PRAA</a>), a global leader in acquiring and collecting nonperforming loans, has named&nbsp;Steve Macke&nbsp;as&nbsp;its global operations officer, effective&nbsp;April 29, following an external search.
Macke, who will report to PRA Group President and CEO Vik Atal, will play an instrumental role in driving operational execution and improving efficiency across the business. He will oversee PRA Group's call centers, legal recovery, digital and insolvency operations.
"Steve is a highly experienced leader in the consumer finance industry, with a proven record in managing complex operations and driving productivity while enhancing both customer satisfaction and employee engagement. I am proud to welcome an accomplished partner to&nbsp;PRA Group as we execute on business priorities and focus on delivering improved results,"&nbsp;said Atal.
Macke brings more than three decades of industry experience, having spent his career leading all aspects of operations, including collections, default management and recovery strategy, and business planning and analysis for Citigroup. He joined Citi in 1991 as a collector and rose through the leadership ranks, having most recently served as managing director and global head of contact centers. Previously, he was managing director and global head of collections and default management, as well as managing director and global head of workforce management.&nbsp;Macke holds a Bachelor of Business Administration degree in Management and Finance from the University of Cincinnati.
"I look forward to further strengthening the critically important aspects of&nbsp;PRA Group's operations, bringing increased value to shareholders and serving our customers, employees and communities," said Macke.

Management

PRA Group Names Steve Macke As Its Global Operations Officer, Effective April 29

U.S. stocks traded lower toward the end of trading, with the Nasdaq Composite falling around 0.5% on Friday.
The Dow traded down 0.24% to 38,681.46 while the NASDAQ fell 0.56% to 15,816.84. The S&amp;P 500 also fell, dropping, 0.27% to 5,016.06.
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&nbsp;
<h3>Leading and Lagging Sectors</h3>
&nbsp;
Materials shares rose by 0.8% on Friday.
In trading on Friday, communication services shares fell by 1.4%.
&nbsp;
<h3>Top Headline</h3>
&nbsp;
Shares of TreeHouse Foods, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/ths#NYSE">THS</a>) fell around 16% on Friday after the company reported worse-than-expected fourth-quarter revenue results and issued FY24 outlook below estimates.
The company reported fourth-quarter adjusted EPS of 77 cents, beating the analyst consensus of 73 cents. Quarterly net sales of $910.8 million missed the consensus of $925.44 million.
&nbsp;
<h3>Equities Trading UP</h3>
&nbsp;
The Trade Desk, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/ttd#NASDAQ">TTD</a>) shares shot up 17% to $88.65 after the company reported mixed fourth-quarter financial results.
Shares of PRA Group, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/praa#NASDAQ">PRAA</a>) got a boost, surging 13% to $27.66 following upbeat results.
Fusion Fuel Green PLC (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/htoo#NASDAQ">HTOO</a>) shares were also up, gaining 108% to $2.4999. The company said it had received notification from the European Commission that its HEVO-Portugal project was among 33 selected for approval under the Important Projects of Common European Interest (&ldquo;IPCEI&rdquo;) Hy2Infra program.
&nbsp;
<h3>Equities Trading DOWN</h3>
&nbsp;
China Natural Resources, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/chnr#NASDAQ">CHNR</a>) shares dropped 49% to $1.77. China Natural Resources announced a registered direct placement of $3.27 million of 1,487,870 common shares and private placement warrants at a price of $2.20 per unit.
Shares of Bloom Energy Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/be#NYSE">BE</a>) were down 20% to $9.63 after the company reported worse-than-expected fourth-quarter financial results.
Cooper-Standard Holdings Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/cps#NYSE">CPS</a>) was down, falling 28% to $13.92 following weak quarterly results.
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&nbsp;
<h3>Commodities</h3>
&nbsp;
In commodity news, oil traded up 1.4% to $79.15 while gold traded up 0.4% at $2,023.10.
Silver traded up 2.2% to $23.465 on Friday while copper rose 1.7% to $3.8235.
&nbsp;
<h3>Euro zone</h3>
&nbsp;
European shares closed higher today. The eurozone&rsquo;s STOXX 600 gained 0.62%, London&rsquo;s FTSE 100 rose 1.5% while Spain&rsquo;s IBEX 35 Index fell 0.41% The German DAX rose 0.42% French CAC 40 rose 0.32% while Italy&rsquo;s FTSE MIB Index rose 0.12%.
The annual inflation rate in France eased to 3.1% in January from 3.7% in the prior month, whiel German wholesale prices declined by 2.7% year-over-year in January. Retail sales volumes in the UK rose by 3.4% month-over-month in January.
&nbsp;
<h3>Asia Pacific Markets</h3>
&nbsp;
Asian markets closed higher on Friday, with Japan&rsquo;s Nikkei 225 gaining 0.86%, Hong Kong&rsquo;s Hang Seng Index rising 2.48% and India&rsquo;s S&amp;P BSE Sensex gaining 0.6%.
Singapore&#39;s non-oil domestic exports jumped 16.8% year-over-year in January, topping market estimates of a 5.4% rise.
&nbsp;
<h3>Economics</h3>
&nbsp;
U.S. producer prices for final demand rose 0.3% month-over-month in January, recording the biggest rise in five months, compared to a 0.1% fall in the previous month. However, analysts were expecting a 0.1% increase in producer prices.
U.S. building permits fell by 1.5% to an annual rate of 1.470 million in January.
Housing starts in the U.S. dipped 14.8% month-over-month to an annual rate of 1.331 million in January.
The University of Michigan consumer sentiment rose to a reading of 79.6 in February from 79 in January.
Now Read This: <a href="https://www.benzinga.com/news/24/02/37177466/wall-streets-most-accurate-analysts-say-hold-these-3-tech-stocks-with-over-3-dividend-yields"> Wall Street&#39;s Most Accurate Analysts Say Hold These 3 Tech Stocks With Over 3% Dividend Yields</a>
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JMP Securities analyst David Scharf maintains PRA Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PRAA#NASDAQ">PRAA</a>) with a Market Outperform and raises the price target from $26 to $33.

JMP Securities Maintains Market Outperform on PRA Group, Raises Price Target to $33

Reports Q3 revenue $241.48M, consensus $262.2M. Q3 EPS results include a tax benefit item of $7.7M, or 20c per share. "Our Q3 financial results ref...

PRA Group reports Q3 EPS 69c with items, consensus 32c

An announcement from Pra Group ( ($PRAA) ) is now available. PRA Group, a leader in acquiring nonperforming loans, has announced strong financial r...

PRA Group Reports Strong Q3 2024 Financial Results

PRA Group GAAP EPS of $0.69 beats by $0.33, revenue of $281.48M beats by $19.28M

PRA Group, Inc. (PRAA) Q3 2024 Earnings Call Transcript

Pra Group Inc. ( ($PRAA) ) has released its Q3 earnings. Here is a breakdown of the information Pra Group Inc. presented to its investors. PRA Grou...

PRA Group Reports Strong Q3 2024 Results

In a report released today, David Scharf from JMP Securities maintained a Buy rating on Pra Group (PRAA – Research Report), with a price target of ...

JMP Securities Keeps Their Buy Rating on Pra Group (PRAA)

Truist raised the firm's price target on PRA Group (PRAA) to $31 from $28 and keeps a Buy rating on the shares after its Q3 earnings beat. The firm...

PRA Group price target raised to $31 from $28 at Truist

PRA Group announces pricing of upsized offering of additional $150M of senior notes due 2030

The technology industry is well-positioned for unprecedented growth thanks to the growing demand for tech-driven solutions. Amid this backdrop, it could be wise to buy tech stocks, such as Informatica (INFA), Upwork (UPWK), and PRA Group (PRAA), trading below $50 with high growth potential. Continue reading… With growing investments, rising demand for tech talent, and the rapid adoption of digital solutions worldwide, the tech industry is expected to remain a significant driver of economic innovation and growth in the coming years. Thus, investors could consider adding fundamentally sound tech stocks Informatica Inc. (<a href="https://stocknews.com/stock/INFA/">INFA</a>), Upwork Inc. (<a href="https://stocknews.com/stock/UPWK/">UPWK</a>), and PRA Group, Inc. (<a href="https://stocknews.com/stock/PRAA/">PRAA</a>), trading below $50.
The tech industry is poised for strong growth, fueled by advancements in artificial intelligence and increasing digital transformation across various sectors. The Biden-Harris Administration, through the U.S. Department of Commerce's Economic Development Administration (EDA), announced a funding round of approximately <a href="https://www.commerce.gov/news/press-releases/2024/07/biden-harris-administration-announces-next-funding-round-504-million-12">$504 million in implementation grants to 12 Tech Hubs </a>to scale up the production of critical technologies.
Meanwhile, significant tech spending is driving infrastructure development, with companies expanding their AI investments. Gartner predicts global IT spending will reach <a href="https://www.gartner.com/en/newsroom/press-releases/2024-10-23-gartner-forecasts-worldwide-it-spending-to-grow-nine-point-three-percent-in-2025">$5.74 trillion in 2025</a>, a 9.3% increase from 2024. Likewise, software spending is expected to grow 14% to $1.23 trillion, while communication services will rise 4.4% to $1.60 trillion.
Considering these factors, let's take a look at the fundamentals of the three tech stock picks.
Informatica Inc. (<a href="https://stocknews.com/stock/INFA/">INFA</a>)
INFA is an enterprise cloud data management company that has developed an artificial intelligence-powered platform that connects, manages, and unifies data across multi-vendor, multi-cloud, and hybrid systems at an international enterprise scale. 
On November 12, INFA announced the expansion of the GenAI-powered data management assistant, CLAIRE GPT, in Europe and the Asia Pacific (APAC) regions, followed by its launch in North America this year.
This expansion will enable customers more flexibility and accessibility to leverage GenAI-powered data management capabilities. It will also allow INFA to set its footprint in the Asia Pacific region.
On September 12, INFA announced that Ricoh Company, Ltd., a leading provider of document management solutions, selected its Intelligent Data Management Cloud&#x2122; (IDMC) to accelerate Ricoh's GLIDER data infrastructure project to support the overall business transformation of Ricoh becoming a digital services company.
INFA's 3.89% trailing-12-month net income margin is 7.6% higher than the 3.61% industry average. Furthermore, the stock's 80.25% trailing-12-month gross profit margin is 58.3% higher than the 50.70% industry average.
In the fiscal third quarter (which ended on September 30), INFA's total revenues increased 3.4% year-over-year to $422.48 million. Its non-GAAP income from operations improved 18% from the year-ago value to $151.04 million. The company's non-GAAP net income came in at $88.95 million and $0.28 per share, indicating growth of 10.3% and 3.7% year-over-year, respectively.
Furthermore, the company's adjusted EBITDA increased 17.1% from the prior year's quarter to $154.79 million, and its adjusted free cash flow grew 85.5% from the year-ago value to $107.78 million.
According to the company's financial guidance for the full year 2024, INFA now forecasts revenue to range from $1.66 billion-$1.68 billion and its non-GAAP operating income to range from $538 million-$558 million. The company also expects adjusted unlevered free cash flow to be between $545 million and $565 million.
The consensus revenue estimate of $457.09 million for the fiscal fourth quarter (ending December 2024) represents a 2.7% increase year-over-year. The consensus EPS estimate of $0.38 for the current quarter indicates a 17.5% improvement year-over-year. The company has an impressive surprise history; it surpassed the consensus revenue and EPS in three of the trailing four quarters.
The stock has gained 5.6% over the past three months, closing the last trading session at $26.39.
INFA's <a href="https://stocknews.com/powr-ratings/">POWR Ratings</a> reflect its robust outlook. The stock has an overall rating of B, which translates to a Buy in our proprietary rating system. The POWR Ratings are calculated by considering 118 different factors, with each factor weighted to an optimal degree.
INFA has a B grade for Quality and Growth. It is ranked #5 out of 18 stocks in the A-rated <a href="https://stocknews.com/category/software-saas/">Software - SAAS</a> industry.
Beyond what is stated above, we've also rated INFA for Stability, Momentum, Sentiment, and Value. Get all INFA ratings <a href="https://stocknews.com/stock/INFA/">here</a>.
Upwork Inc. (<a href="https://stocknews.com/stock/UPWK/">UPWK</a>)
UPWK operates a work marketplace that connects businesses with various independent professionals and agencies. The company's work marketplace provides access to talent with various skills across a range of categories, including administrative support, sales and marketing, design and creative, and customer service, as well as web, mobile, and software development. 
UPWK's 11.26% trailing-12-month net income margin is 72.5% higher than the 6.53% industry average. Furthermore, the stock's 76.72% trailing-12-month gross profit margin is 137.7% higher than the 32.28% industry average.
UPWK's marketplace revenue for the third quarter ended September 30, 2024, increased 12% year-over $167.34 billion. The company's gross profit increased 14% year-over-year to $150.37 million. Its non-GAAP net income increased 35.6% year-over-year to $39.16 million, and non-GAAP earnings per share increased 38.1% year-over-year to $0.29.
Street expects UPWK's revenue to be $181.17 million for the year ending December 2024. The company's EPS for the same quarter is expected to increase 27.9% year-over-year to $0.26. Also, UPWK surpassed the consensus revenue and EPS estimates in each of the trailing four quarters, which is impressive.
The stock has gained 73% over the past three months to close the last trading session at $16.91.
UPWK's robust fundamentals are reflected in its POWR Ratings. It has an overall rating of B, which equates to a Buy in our proprietary rating system.
The stock has a B grade for Growth, Value, and Quality. UPWK is ranked #3 out of 24 stocks in the <a href="https://stocknews.com/category/internet-services/">Internet - Services</a> industry.
<a href="https://stocknews.com/stock/UPWK/">Click here</a> to access the additional UPWK ratings (Sentiment, Momentum, and Stability).
PRA Group, Inc. (<a href="https://stocknews.com/stock/PRAA/">PRAA</a>)
PRAA is a financial and business services company that 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.
PRAA's 27.94% trailing-12-month <a href="https://www.investopedia.com/terms/e/ebit.asp">EBIT</a> margin is 22% higher than the 22.91% industry average. Furthermore, the stock's 100% trailing-12-month gross profit margin is 68.5% higher than the 59.34% industry average.
PRAA's revenue for the fiscal second quarter ended June 30, 2024, total revenues grew 2% year-over-year to $284.23 million. Its net income attributable to PRAA and net income per common share attributable to PRAA came in at $21.52 million and $0.55, compared to a net loss of $3.80 million and $0.55 per share.
Street expects PRAA's revenue for the quarter ending November 2024 to increase 24.6% year-over-year to $275.81 million. It surpassed Street revenue and EPS estimates in each of the trailing four quarters.
The stock gained 14% over the past month, closing the last trading session at $21.47.
PRAA's POWR Ratings reflect bright prospects. The stock has an overall rating of B, which equates to a Buy in our proprietary rating system.
The stock has an A grade for Sentiment and a B for Growth and Momentum. PRAA is ranked #5 out of 83 stocks in the <a href="https://stocknews.com/category/enterprise-financial-services/">Financial Services (Enterprise)</a> industry.
In addition to the POWR Ratings highlighted above, one can access PRAA's ratings (Value, Stability, and Quality) <a href="https://stocknews.com/stock/PRAA/">here</a>.
What To Do Next?
Get your hands on this special report with 3 low priced companies with tremendous upside potential even in today's volatile markets:
<a href="https://report.stocknews.com/free-report/3stocks/?formplacement=artbotad_3s">3 Stocks to DOUBLE This Year &gt;</a>

<hr />
INFA shares were trading at $26.39 per share on Thursday afternoon, down $0.21 (-0.79%). Year-to-date, INFA has declined -7.04%, versus a 27.18% rise in the benchmark S&amp;P 500 index during the same period.
<hr><div style="clear:both;"></div> <h2>About the Author: Nidhi Agarwal</h2> <img src='https:/wp-content/uploads/2023/03/Nidhi-Agarwal_Headshot-3.jpg' style="float:left; padding:5px;width:125px;">Nidhi is passionate about the capital market and wealth management, which led her to pursue a career as an investment analyst. She holds a bachelor's degree in finance and marketing and is pursuing the CFA program.

Her fundamental approach to analyzing stocks helps investors identify the best investment opportunities.<a href="https://stocknews.com/authors/?author=nidhi-agarwal">More...</a>The post <a href=https://stocknews.com/news/infa-upwk-praa-3-tech-stocks-trading-below-50-with-high-growth-potential/>3 Tech Stocks Trading Below $50 With High Growth Potential</a> appeared first on <a href=https://stocknews.com/>StockNews.com</a>

3 Tech Stocks Trading Below $50 With High Growth Potential

JMP Securities Reaffirms Their Buy Rating on Pra Group (PRAA)

INFA

UPWK

Press Releases

PRA Group Leader Wins Silver Stevie Award in 2024 International Business Awards

PRA Group Names Adrian Murphy as its Global Chief Data and Analytics Officer

PRA Group to Announce Third Quarter 2024 Results on November 4

PRA Group Announces Amendment and Extension of North American and United Kingdom Credit Agreements

PRA Group Reports Third Quarter 2024 Results

PRA Group to Present at Upcoming November and December 2024 Investor Conferences

PRA Group Announces Proposed Offering of Additional $100.0 Million of Senior Notes due 2030

PRA Group Announces Pricing of Upsized Offering of Additional $150.0 Million of Senior Notes due 2030

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Sidoti Events, LLC's Virtual December Small-Cap Conference

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