Shares of PRGX Global Inc. (NASDAQ:PRGX) have been given an average broker rating score of 2.00 (Buy) from the two brokers that provide coverage for the company, Zacks Investment Research reports. One equities research analyst has rated the stock with a hold rating and one has issued a strong buy rating on the company.
Analysts have set a one year consensus target price of $6.00 for the company and are expecting that the company will post $0.03 EPS for the current quarter, according to Zacks. Zacks has also assigned PRGX Global an industry rank of 152 out of 265 based on the ratings given to its competitors.
Several equities research analysts have issued reports on the company. Zacks Investment Research upgraded PRGX Global from a “sell” rating to a “hold” rating in a report on Wednesday. B. Riley restated a “buy” rating and set a $6.00 price objective on shares of PRGX Global in a report on Saturday, July 30th.
A number of large investors have recently bought and sold shares of the company. Cannell Capital LLC purchased a new stake in shares of PRGX Global during the second quarter worth $124,000. Algert Global LLC purchased a new stake in shares of PRGX Global during the second quarter worth $125,000. GSA Capital Partners LLP purchased a new stake in shares of PRGX Global during the second quarter worth $149,000. O Shaughnessy Asset Management LLC increased its stake in shares of PRGX Global by 1,592.9% in the second quarter. O Shaughnessy Asset Management LLC now owns 37,498 shares of the company’s stock worth $196,000 after buying an additional 35,283 shares during the period. Finally, Royal Bank of Canada purchased a new stake in shares of PRGX Global during the second quarter worth $201,000. Institutional investors own 70.14% of the company’s stock.
Shares of PRGX Global (NASDAQ:PRGX) opened at 4.71 on Thursday. PRGX Global has a one year low of $3.04 and a one year high of $5.81. The firm’s market capitalization is $102.82 million. The company’s 50 day moving average price is $4.83 and its 200 day moving average price is $4.91.
PRGX Global (NASDAQ:PRGX) last released its quarterly earnings results on Tuesday, July 26th. The company reported ($0.03) EPS for the quarter, missing the consensus estimate of $0.06 by $0.09. PRGX Global had a positive return on equity of 5.58% and a negative net margin of 1.85%. On average, analysts expect that PRGX Global will post $0.07 EPS for the current fiscal year.
About PRGX Global
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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