Somewhat Favorable Media Coverage Somewhat Unlikely to Impact PRGX Global (PRGX) Share Price

Press coverage about PRGX Global (NASDAQ:PRGX) has trended somewhat positive recently, Accern Sentiment Analysis reports. The research firm scores the sentiment of press coverage by reviewing 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 daily sentiment score of 0.08 on Accern’s scale. Accern also assigned media coverage about the business services provider an impact score of 45.3640172337221 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the near term.

These are some of the headlines that may have effected Accern Sentiment Analysis’s analysis:

PRGX Global traded down $0.20, reaching $9.10, during midday trading on Friday, Marketbeat Ratings reports. The company’s stock had a trading volume of 63,148 shares, compared to its average volume of 45,335. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.75 and a current ratio of 1.75. PRGX Global has a 52-week low of $5.40 and a 52-week high of $10.30. The stock has a market cap of $210.75 million, a PE ratio of 43.33, a price-to-earnings-growth ratio of 3.55 and a beta of 0.85.

PRGX Global (NASDAQ:PRGX) last released its quarterly earnings results on Tuesday, May 1st. The business services provider reported ($0.10) EPS for the quarter, beating analysts’ consensus estimates of ($0.17) by $0.07. PRGX Global had a return on equity of 4.60% and a net margin of 1.64%. The company had revenue of $36.72 million during the quarter, compared to analysts’ expectations of $35.00 million. sell-side analysts predict that PRGX Global will post 0.21 EPS for the current fiscal year.

PRGX has been the subject of a number of analyst reports. TheStreet upgraded PRGX Global from a “c+” rating to a “b+” rating in a research note on Tuesday, March 6th. Barrington Research upped their price objective on PRGX Global to $11.00 and gave the stock an “outperform” rating in a research note on Friday, March 2nd. ValuEngine upgraded PRGX Global from a “hold” rating to a “buy” rating in a research note on Monday, April 2nd. Zacks Investment Research upgraded PRGX Global from a “hold” rating to a “buy” rating and set a $9.00 price objective for the company in a research note on Tuesday, March 6th. Finally, B. Riley upped their price objective on PRGX Global from $11.00 to $12.00 and gave the stock a “buy” rating in a research note on Wednesday, May 2nd. Two research analysts have rated the stock with a buy rating and two have given a strong buy rating to the company. The stock currently has a consensus rating of “Strong Buy” and a consensus target price of $11.33.

In related news, Director Matthew A. Drapkin bought 35,766 shares of the company’s stock in a transaction that occurred on Thursday, May 31st. The shares were purchased at an average cost of $9.64 per share, with a total value of $344,784.24. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Matthew A. Drapkin bought 8,706 shares of the company’s stock in a transaction that occurred on Wednesday, May 23rd. The shares were bought at an average cost of $9.59 per share, for a total transaction of $83,490.54. The disclosure for this purchase can be found here. Over the last 90 days, insiders bought 138,118 shares of company stock valued at $1,316,511. Company insiders own 17.10% of the company’s stock.

PRGX Global Company Profile

PRGX Global, Inc, together with its subsidiaries, provides recovery audit services to businesses and government agencies having payment transactions and procurement environments. It operates through three segments: Recovery Audit Services ? Americas, Recovery Audit Services – Europe/Asia-Pacific, and Adjacent Services.

Insider Buying and Selling by Quarter for PRGX Global (NASDAQ:PRGX)

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