PRA Group Announces New CEO Appointment

Pra Group ( (PRAA) ) just unveiled an update.

On April 2, 2025, PRA Group announced the retirement of Vikram A. Atal as President and CEO, effective June 17, 2025, following the company’s annual meeting. Martin Sjolund, who has been leading PRA Group Europe, will succeed Atal as President and CEO. This leadership transition is part of the company’s succession planning to ensure long-term, profitable growth. Atal will remain as a senior advisor until the end of 2025, and Glenn P. Marino will also retire from the Board following the annual meeting. Sjolund’s appointment is expected to further strengthen PRA Group’s global leadership position and create value for shareholders.

Spark’s Take on PRAA Stock

According to Spark, TipRanks’ AI Analyst, PRAA is a Neutral.

PRA Group’s stock score reflects a mix of strengths and challenges. The company shows robust revenue growth and strategic initiatives boosting future prospects, as highlighted in a positive earnings call. However, significant financial risk due to high leverage and liquidity constraints, coupled with bearish technical indicators, weigh heavily on the stock’s performance. The valuation suggests potential undervaluation, but the absence of dividends limits its appeal to income-focused investors.

To see Spark’s full report on PRAA stock, click here.

More about Pra Group

PRA Group, Inc. is a global leader in acquiring and collecting nonperforming loans, helping to return capital to banks and other creditors to expand financial services for consumers across the Americas, Europe, and Australia. The company collaborates with customers to help them resolve their debt, employing thousands of people worldwide.

YTD Price Performance: -6.95%

Average Trading Volume: 293,871

Technical Sentiment Signal: Strong Buy

Current Market Cap: $757M

Find detailed analytics on PRAA stock on TipRanks’ Stock Analysis page.