Shares of PRGX Global Inc. (NASDAQ:PRGX) have received a consensus broker rating score of 2.00 (Buy) from the two analysts that cover the company, Zacks Investment Research reports. One research analyst has rated the stock with a hold recommendation and one has assigned a strong buy recommendation to the company.
Brokers have set a one year consensus price target of $6.00 for the company and are forecasting that the company will post $0.03 earnings per share 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.
PRGX has been the subject of a number of recent research reports. Zacks Investment Research upgraded shares of PRGX Global from a “sell” rating to a “hold” rating in a research note on Wednesday, September 28th. B. Riley restated a “buy” rating and issued a $6.00 price objective on shares of PRGX Global in a research note on Saturday, July 30th.
Large investors have recently bought and sold shares of the company. Royal Bank of Canada purchased a new stake in PRGX Global during the second quarter valued at $201,000. HCSF Management LLC raised its stake in PRGX Global by 22.0% in the second quarter. HCSF Management LLC now owns 2,773,766 shares of the company’s stock valued at $14,479,000 after buying an additional 500,000 shares during the last quarter. Eagle Global Advisors LLC raised its stake in PRGX Global by 163.7% in the second quarter. Eagle Global Advisors LLC now owns 65,933 shares of the company’s stock valued at $344,000 after buying an additional 40,932 shares during the last quarter. Cannell Capital LLC purchased a new stake in PRGX Global during the second quarter valued at $124,000. Finally, Algert Global LLC purchased a new stake in PRGX Global during the second quarter valued at $125,000. 70.14% of the stock is currently owned by institutional investors and hedge funds.
Shares of PRGX Global (NASDAQ:PRGX) opened at 4.83 on Thursday. The company’s market capitalization is $105.44 million. PRGX Global has a 52-week low of $3.04 and a 52-week high of $5.81. The firm’s 50 day moving average is $4.83 and its 200-day moving average is $4.91.
PRGX Global (NASDAQ:PRGX) last announced its quarterly earnings data on Tuesday, July 26th. The company reported ($0.03) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.06 by $0.09. PRGX Global had a negative net margin of 1.85% and a positive return on equity of 5.58%. Equities research analysts anticipate that PRGX Global will post $0.07 earnings per share for the current fiscal year.
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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