PRGX Global Inc (NASDAQ:PRGX) has been given a consensus broker rating score of 1.00 (Strong Buy) from the two analysts that cover the company, Zacks Investment Research reports. Two analysts have rated the stock with a strong buy rating.
Analysts have set a 12-month consensus price target of $11.00 for the company and are expecting that the company will post ($0.17) EPS for the current quarter, according to Zacks. Zacks has also given PRGX Global an industry rank of 192 out of 265 based on the ratings given to related companies.
A number of research analysts have weighed in on the stock. Zacks Investment Research cut shares of PRGX Global from a “hold” rating to a “sell” rating in a research note on Thursday, February 1st. Barrington Research boosted their target price on shares of PRGX Global to $11.00 and gave the company an “outperform” rating in a research note on Friday, March 2nd. TheStreet upgraded shares of PRGX Global from a “c+” rating to a “b+” rating in a research note on Tuesday, March 6th. Finally, ValuEngine upgraded shares of PRGX Global from a “hold” rating to a “buy” rating in a research note on Monday, April 2nd.
PRGX stock traded down $0.05 during trading on Friday, reaching $9.70. The stock had a trading volume of 186,628 shares, compared to its average volume of 100,179. PRGX Global has a one year low of $5.40 and a one year high of $9.90. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.60 and a current ratio of 1.60. The company has a market capitalization of $218.42, a price-to-earnings ratio of 46.19, a PEG ratio of 4.11 and a beta of 0.82.
PRGX Global (NASDAQ:PRGX) last issued its quarterly earnings data on Thursday, March 1st. The business services provider reported $0.19 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.14 by $0.05. PRGX Global had a net margin of 1.97% and a return on equity of 5.65%. The business had revenue of $47.07 million during the quarter, compared to the consensus estimate of $45.31 million. sell-side analysts forecast that PRGX Global will post 0.19 EPS for the current fiscal year.
In other PRGX Global news, SVP Victor A. Allums sold 10,003 shares of the business’s stock in a transaction dated Wednesday, March 14th. The shares were sold at an average price of $9.00, for a total value of $90,027.00. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Over the last quarter, insiders sold 66,701 shares of company stock worth $589,968. Corporate insiders own 14.96% of the company’s stock.
Hedge funds have recently made changes to their positions in the stock. Monashee Investment Management LLC purchased a new stake in shares of PRGX Global during the 4th quarter valued at approximately $150,000. Millennium Management LLC purchased a new stake in shares of PRGX Global during the 4th quarter valued at approximately $713,000. Cadence Capital Management LLC lifted its stake in shares of PRGX Global by 5.1% during the 3rd quarter. Cadence Capital Management LLC now owns 248,838 shares of the business services provider’s stock valued at $1,742,000 after buying an additional 12,063 shares in the last quarter. Finally, Thomson Horstmann & Bryant Inc. lifted its stake in shares of PRGX Global by 44.8% during the 4th quarter. Thomson Horstmann & Bryant Inc. now owns 722,119 shares of the business services provider’s stock valued at $5,127,000 after buying an additional 223,379 shares in the last quarter. Institutional investors own 71.01% of the company’s stock.
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PRGX Global Company Profile
PRGX Global, Inc (PRGX), together with its subsidiaries, provides recovery audit and spend analytics services. The Company provides recovery audit, procure-to-pay performance improvement, spend analytics and risk management services principally to large businesses and government agencies. The Company operates through three segments: Recovery Audit Services-Americas, Recovery Audit Services-Europe/Asia-Pacific and Adjacent Services.
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