B. Riley set a $8.00 price objective on PRGX Global, Inc. (NASDAQ:PRGX) in a research note issued to investors on Tuesday. The brokerage currently has a buy rating on the business services provider’s stock.

Separately, Zacks Investment Research raised PRGX Global from a hold rating to a buy rating and set a $8.25 price objective on the stock in a research report on Wednesday, October 25th. Two investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. PRGX Global currently has an average rating of Buy and a consensus price target of $7.06.

Shares of PRGX Global (NASDAQ:PRGX) remained flat at $$7.40 during mid-day trading on Tuesday. 3,136 shares of the company’s stock were exchanged, compared to its average volume of 21,522. The company has a current ratio of 1.56, a quick ratio of 1.56 and a debt-to-equity ratio of 0.26.

PRGX Global (NASDAQ:PRGX) last announced its quarterly earnings data on Tuesday, August 1st. The business services provider reported ($0.01) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.07) by $0.06. The company had revenue of $38.51 million for the quarter, compared to the consensus estimate of $37.06 million. PRGX Global had a negative return on equity of 1.77% and a negative net margin of 1.53%. equities research analysts expect that PRGX Global will post 0.09 earnings per share for the current fiscal year.

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In other news, Director Matthew A. Drapkin purchased 37,370 shares of the company’s stock in a transaction dated Wednesday, August 23rd. The shares were acquired at an average price of $6.35 per share, with a total value of $237,299.50. The transaction was disclosed in a filing with the SEC, which is available at this link. Insiders have bought a total of 65,510 shares of company stock worth $414,168 in the last three months. Corporate insiders own 14.96% of the company’s stock.

Several institutional investors and hedge funds have recently bought and sold shares of the company. Thomson Horstmann & Bryant Inc. grew its position in shares of PRGX Global by 33.6% during the 3rd quarter. Thomson Horstmann & Bryant Inc. now owns 498,740 shares of the business services provider’s stock worth $3,491,000 after buying an additional 125,398 shares in the last quarter. Tower Research Capital LLC TRC grew its position in shares of PRGX Global by 161.4% during the 2nd quarter. Tower Research Capital LLC TRC now owns 18,999 shares of the business services provider’s stock worth $123,000 after buying an additional 11,730 shares in the last quarter. Northern Right Capital Management L.P. grew its position in shares of PRGX Global by 13.0% during the 2nd quarter. Northern Right Capital Management L.P. now owns 1,507,806 shares of the business services provider’s stock worth $9,801,000 after buying an additional 173,222 shares in the last quarter. OxFORD Asset Management LLP grew its position in shares of PRGX Global by 74.7% during the 2nd quarter. OxFORD Asset Management LLP now owns 18,858 shares of the business services provider’s stock worth $123,000 after buying an additional 8,063 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its position in shares of PRGX Global by 5.0% during the 2nd quarter. Dimensional Fund Advisors LP now owns 726,299 shares of the business services provider’s stock worth $4,721,000 after buying an additional 34,620 shares in the last quarter. 71.01% of the stock is currently owned by institutional investors and hedge funds.

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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