Shares of PRGX Global Inc (NASDAQ:PRGX) have been assigned an average broker rating score of 1.00 (Strong Buy) from the two analysts that provide coverage for the company, Zacks Investment Research reports. Two investment analysts have rated the stock with a strong buy rating.

Brokers have set a 1 year consensus target price of $7.13 for the company and are forecasting that the company will post ($0.03) EPS for the current quarter, according to Zacks. Zacks has also given PRGX Global an industry rank of 64 out of 254 based on the ratings given to related companies.

Several research firms have recently commented on PRGX. Zacks Investment Research downgraded PRGX Global from a “buy” rating to a “hold” rating in a report on Saturday, May 2nd. TheStreet downgraded PRGX Global from a “c-” rating to a “d+” rating in a report on Thursday, February 27th. Finally, Barrington Research restated a “buy” rating and set a $7.00 price objective on shares of PRGX Global in a report on Wednesday, April 29th.

Shares of PRGX stock traded up $0.15 during mid-day trading on Friday, reaching $4.12. 4,889 shares of the stock traded hands, compared to its average volume of 114,354. The stock’s fifty day simple moving average is $3.43 and its two-hundred day simple moving average is $3.91. PRGX Global has a 1-year low of $1.77 and a 1-year high of $7.37. The company has a market cap of $83.75 million, a price-to-earnings ratio of -6.89, a price-to-earnings-growth ratio of 1.39 and a beta of 1.22. The company has a quick ratio of 2.84, a current ratio of 2.84 and a debt-to-equity ratio of 1.06.

PRGX Global (NASDAQ:PRGX) last issued its earnings results on Tuesday, April 28th. The business services provider reported ($0.17) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.16) by ($0.01). The business had revenue of $36.84 million during the quarter, compared to the consensus estimate of $36.08 million. PRGX Global had a negative return on equity of 7.24% and a negative net margin of 7.87%. On average, equities research analysts anticipate that PRGX Global will post 0.17 EPS for the current fiscal year.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. North Run Capital LP purchased a new position in shares of PRGX Global during the first quarter valued at approximately $1,848,000. State Street Corp boosted its position in shares of PRGX Global by 4.0% during the fourth quarter. State Street Corp now owns 333,961 shares of the business services provider’s stock valued at $1,643,000 after buying an additional 12,954 shares during the last quarter. Trellus Management Company LLC boosted its position in shares of PRGX Global by 60.0% during the first quarter. Trellus Management Company LLC now owns 299,438 shares of the business services provider’s stock valued at $838,000 after buying an additional 112,239 shares during the last quarter. Geode Capital Management LLC boosted its position in shares of PRGX Global by 6.8% during the first quarter. Geode Capital Management LLC now owns 280,315 shares of the business services provider’s stock valued at $784,000 after buying an additional 17,958 shares during the last quarter. Finally, Wells Fargo & Company MN boosted its position in shares of PRGX Global by 23.0% during the first quarter. Wells Fargo & Company MN now owns 86,660 shares of the business services provider’s stock valued at $243,000 after buying an additional 16,212 shares during the last quarter. Hedge funds and other institutional investors own 69.70% of the company’s stock.

About PRGX Global

PRGX Global, Inc, together with its subsidiaries, provides recovery audit services to businesses and government agencies having payment transactions and procurement environments worldwide. Its recovery audit services are based on the mining of clients' purchasing-related data for overpayments to the third-party suppliers.

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