Somewhat Positive Media Coverage Somewhat Unlikely to Affect PRGX Global (PRGX) Share Price
Media stories about PRGX Global (NASDAQ:PRGX) have trended somewhat positive on Thursday, Accern reports. The research firm identifies negative and positive press coverage by reviewing more than 20 million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. PRGX Global earned a news sentiment score of 0.12 on Accern’s scale. Accern also assigned press coverage about the business services provider an impact score of 45.2854081884565 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.
PRGX has been the topic of several recent research reports. Zacks Investment Research raised PRGX Global from a “hold” rating to a “buy” rating and set a $7.50 price target on the stock in a report on Wednesday, October 18th. B. Riley set a $8.00 price target on PRGX Global and gave the stock a “buy” rating in a report on Tuesday, October 31st. Two equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $7.00.
PRGX Global (NASDAQ:PRGX) traded up $0.10 on Thursday, reaching $7.80. The company had a trading volume of 9,300 shares, compared to its average volume of 16,036. PRGX Global has a 12-month low of $5.35 and a 12-month high of $8.00. The company has a current ratio of 1.59, a quick ratio of 1.59 and a debt-to-equity ratio of 0.25. The firm has a market cap of $172.44, a PE ratio of -70.91 and a beta of 1.08.
In other PRGX Global news, Director Matthew A. Drapkin bought 35,000 shares of the stock in a transaction that occurred on Friday, December 15th. The shares were purchased at an average cost of $7.30 per share, for a total transaction of $255,500.00. The purchase was disclosed in a document filed with the SEC, which is available through the SEC website. Also, SVP Tushar K. Sachdev sold 10,000 shares of the firm’s stock in a transaction that occurred on Wednesday, November 15th. The shares were sold at an average price of $7.01, for a total value of $70,100.00. The disclosure for this sale can be found here. Over the last 90 days, insiders purchased 71,942 shares of company stock worth $522,898. 14.96% of the stock is owned by insiders.
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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