Insider Buying: PRGX Global, Inc. (PRGX) Director Purchases $58,362.85 in Stock
PRGX Global, Inc. (NASDAQ:PRGX) Director Matthew A. Drapkin bought 9,191 shares of PRGX Global stock in a transaction on Monday, August 21st. The stock was acquired at an average price of $6.35 per share, for a total transaction of $58,362.85. The purchase was disclosed in a filing with the SEC, which is available through the SEC website.
Matthew A. Drapkin also recently made the following trade(s):
- On Tuesday, August 22nd, Matthew A. Drapkin bought 13,947 shares of PRGX Global stock. The stock was acquired at an average price of $6.34 per share, for a total transaction of $88,423.98.
- On Wednesday, August 23rd, Matthew A. Drapkin bought 37,370 shares of PRGX Global stock. The stock was acquired at an average price of $6.35 per share, for a total transaction of $237,299.50.
Shares of PRGX Global, Inc. (PRGX) traded down 0.76% during midday trading on Friday, hitting $6.50. The stock had a trading volume of 8,665 shares. PRGX Global, Inc. has a 12-month low of $4.25 and a 12-month high of $7.25. The stock has a 50-day moving average price of $6.23 and a 200-day moving average price of $6.29. The stock’s market cap is $145.51 million.
PRGX Global (NASDAQ:PRGX) last released its quarterly earnings data on Tuesday, August 1st. The business services provider reported ($0.01) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.07) by $0.06. PRGX Global had a negative net margin of 0.55% and a positive return on equity of 0.30%. The business had revenue of $38.51 million during the quarter, compared to analyst estimates of $37.06 million. Equities analysts forecast that PRGX Global, Inc. will post $0.10 earnings per share for the current year.
A number of research firms have commented on PRGX. B. Riley restated a “buy” rating and issued a $8.00 target price on shares of PRGX Global in a research report on Tuesday. ValuEngine cut PRGX Global from a “hold” rating to a “sell” rating and dropped their price objective for the company from $6.00 to $4.00 in a research note on Thursday, May 11th. Finally, Zacks Investment Research raised PRGX Global from a “strong sell” rating to a “hold” rating in a research note on Wednesday, June 28th. Two analysts have rated the stock with a hold rating and two have given a buy rating to the company. The stock has a consensus rating of “Buy” and an average target price of $6.31.
Large investors have recently added to or reduced their stakes in the stock. Thomson Horstmann & Bryant Inc. acquired a new stake in PRGX Global during the second quarter valued at about $2,426,000. Renaissance Technologies LLC raised its stake in PRGX Global by 1.0% in the first quarter. Renaissance Technologies LLC now owns 1,667,810 shares of the business services provider’s stock valued at $10,674,000 after buying an additional 17,320 shares during the last quarter. Cadence Capital Management LLC raised its stake in PRGX Global by 4.4% in the first quarter. Cadence Capital Management LLC now owns 223,852 shares of the business services provider’s stock valued at $1,433,000 after buying an additional 9,429 shares during the last quarter. Cannell Capital LLC raised its stake in PRGX Global by 14.3% in the first quarter. Cannell Capital LLC now owns 652,043 shares of the business services provider’s stock valued at $4,173,000 after buying an additional 81,587 shares during the last quarter. Finally, Credit Agricole S A purchased a new position in PRGX Global during the first quarter worth $296,000. 70.92% of the stock is owned by institutional investors and hedge funds.
About PRGX Global
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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