PRGX Global Inc. (PRGX) Trading Down 3.1%
PRGX Global Inc. (NASDAQ:PRGX) fell 3.1% on Tuesday . The company traded as low as $4.98 and last traded at $5.02, with a volume of 78,419 shares traded. The stock had previously closed at $5.18.
A number of research firms recently weighed in on PRGX. B. Riley restated a “buy” rating and issued a $6.25 price target on shares of PRGX Global in a report on Monday. Zacks Investment Research upgraded PRGX Global from a “hold” rating to a “strong-buy” rating and set a $5.50 target price on the stock in a report on Tuesday, May 3rd.
The company’s market cap is $110.01 million. The company’s 50 day moving average price is $5.25 and its 200 day moving average price is $4.57.
PRGX Global (NASDAQ:PRGX) last issued its earnings results on Thursday, April 28th. The company reported ($0.02) EPS for the quarter, beating the Zacks’ consensus estimate of ($0.08) by $0.06. On average, equities analysts forecast that PRGX Global Inc. will post $0.17 earnings per share for the current year.
In related news, major shareholder Strategic Opportunit Headlands bought 500,000 shares of the firm’s stock in a transaction on Friday, April 29th. The stock was bought at an average cost of $4.75 per share, for a total transaction of $2,375,000.00. Following the completion of the purchase, the insider now directly owns 2,523,766 shares in the company, valued at approximately $11,987,888.50. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.
A hedge fund recently raised its stake in PRGX Global stock. Dimensional Fund Advisors LP raised its position in shares of PRGX Global Inc. (NASDAQ:PRGX) by 2.2% during the fourth quarter, according to its most recent filing with the SEC. The fund owned 671,650 shares of the company’s stock after buying an additional 14,698 shares during the period. Dimensional Fund Advisors LP owned about 2.94% of PRGX Global worth $2,499,000 at the end of the most recent reporting period.
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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