PRGX Global (PRGX) Receiving Somewhat Favorable News Coverage, Study Shows
News stories about PRGX Global (NASDAQ:PRGX) have trended somewhat positive this week, Accern Sentiment reports. Accern rates the sentiment of media coverage by monitoring more than 20 million blog and news sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. PRGX Global earned a media sentiment score of 0.16 on Accern’s scale. Accern also assigned news articles about the business services provider an impact score of 45.2125128321987 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.
Shares of PRGX Global (NASDAQ PRGX) traded up 0.71% during mid-day trading on Friday, hitting $7.10. The company had a trading volume of 13,951 shares. The firm has a 50-day moving average of $6.79 and a 200-day moving average of $6.46. The company’s market cap is $158.94 million. PRGX Global has a 12 month low of $4.25 and a 12 month high of $7.30.
PRGX Global (NASDAQ:PRGX) last released its earnings results 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 firm had revenue of $38.51 million during the quarter, compared to analyst estimates of $37.06 million. PRGX Global had a positive return on equity of 0.30% and a negative net margin of 0.55%. On average, analysts expect that PRGX Global will post $0.10 EPS for the current year.
A number of analysts recently issued reports on PRGX shares. B. Riley reissued a “buy” rating and set a $8.00 price objective on shares of PRGX Global in a research report on Monday, July 31st. Zacks Investment Research downgraded PRGX Global from a “strong-buy” rating to a “hold” rating in a research report on Friday. Two equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus target price of $6.67.
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In other PRGX Global news, major shareholder Strategic Opportunit Headlands bought 20,000 shares of the company’s stock in a transaction that occurred on Friday, August 4th. The stock was purchased at an average cost of $6.13 per share, for a total transaction of $122,600.00. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Matthew A. Drapkin bought 37,370 shares of the company’s stock in a transaction that occurred on Wednesday, August 23rd. The stock was acquired at an average price of $6.35 per share, with a total value of $237,299.50. The disclosure for this purchase can be found here. Insiders purchased 95,510 shares of company stock valued at $598,368 over the last quarter. Insiders own 14.96% of the company’s stock.
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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