Somewhat Positive Press Coverage Somewhat Unlikely to Affect PRGX Global (PRGX) Share Price
News headlines about PRGX Global (NASDAQ:PRGX) have been trending somewhat positive this week, according to Accern Sentiment. The research firm identifies positive and negative press coverage by analyzing more than twenty million blog and news sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. PRGX Global earned a media sentiment score of 0.05 on Accern’s scale. Accern also gave headlines about the business services provider an impact score of 45.8499667556678 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the near term.
Here are some of the news headlines that may have impacted Accern’s rankings:
- $45.31 Million in Sales Expected for PRGX Global, Inc. (PRGX) This Quarter (americanbankingnews.com)
- PRGX Global, Inc. (PRGX) Expected to Post Earnings of $0.14 Per Share (americanbankingnews.com)
- Zacks: Brokerages Set $8.00 Target Price for PRGX Global, Inc. (PRGX) (americanbankingnews.com)
- PRGX Global, Inc. (PRGX) SVP Sells $70,100.00 in Stock (americanbankingnews.com)
Shares of PRGX Global (NASDAQ:PRGX) traded up $0.05 during mid-day trading on Friday, hitting $7.40. The stock had a trading volume of 3,200 shares, compared to its average volume of 27,327. PRGX Global has a 1-year low of $5.10 and a 1-year high of $7.75. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.59 and a current ratio of 1.59.
A number of equities research analysts have recently weighed in on PRGX shares. Zacks Investment Research upgraded PRGX Global from a “hold” rating to a “buy” rating and set a $8.25 price target on the stock in a research note on Wednesday, October 25th. B. Riley restated a “buy” rating and set a $8.00 price target on shares of PRGX Global in a research note on Tuesday, August 22nd. Two research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The company has an average rating of “Buy” and a consensus price target of $7.00.
In other news, SVP Tushar K. Sachdev sold 10,000 shares of the business’s stock in a transaction dated Wednesday, November 15th. The stock was sold at an average price of $7.01, for a total transaction of $70,100.00. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Matthew A. Drapkin bought 25,042 shares of the company’s stock in a transaction that occurred on Friday, November 10th. The stock was purchased at an average price of $7.19 per share, for a total transaction of $180,051.98. The disclosure for this purchase can be found here. 14.96% of the stock is currently 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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