Equities analysts expect PRGX Global Inc (NASDAQ:PRGX) to announce sales of $52.44 million for the current quarter, according to Zacks Investment Research. Two analysts have made estimates for PRGX Global’s earnings, with the highest sales estimate coming in at $52.50 million and the lowest estimate coming in at $52.38 million. PRGX Global reported sales of $47.07 million during the same quarter last year, which suggests a positive year over year growth rate of 11.4%. The company is expected to issue its next earnings results on Thursday, March 7th.

According to Zacks, analysts expect that PRGX Global will report full-year sales of $174.58 million for the current financial year, with estimates ranging from $174.52 million to $174.64 million. For the next financial year, analysts anticipate that the business will post sales of $188.79 million, with estimates ranging from $188.57 million to $189.00 million. Zacks’ sales calculations are an average based on a survey of research firms that follow PRGX Global.

A number of equities research analysts have commented on PRGX shares. B. Riley set a $12.00 price target on PRGX Global and gave the company a “buy” rating in a research report on Friday, November 2nd. Zacks Investment Research upgraded PRGX Global from a “strong sell” rating to a “hold” rating and set a $10.00 target price on the stock in a research report on Saturday, November 3rd. ValuEngine lowered PRGX Global from a “strong-buy” rating to a “buy” rating in a research report on Monday, February 4th. Finally, TheStreet upgraded PRGX Global from a “c+” rating to a “b” rating in a research report on Friday, November 2nd. Four equities research analysts have rated the stock with a buy rating, The stock has a consensus rating of “Buy” and a consensus target price of $12.00.

In other PRGX Global news, Director Matthew A. Drapkin bought 21,964 shares of the business’s stock in a transaction that occurred on Wednesday, November 14th. The shares were bought at an average price of $8.91 per share, for a total transaction of $195,699.24. The purchase was disclosed in a filing with the SEC, which is available through this link. In the last 90 days, insiders have purchased 31,450 shares of company stock worth $280,469. 17.10% of the stock is owned by corporate insiders.

Several institutional investors have recently made changes to their positions in PRGX. Ramsey Quantitative Systems boosted its position in shares of PRGX Global by 110.4% during the 3rd quarter. Ramsey Quantitative Systems now owns 16,583 shares of the business services provider’s stock valued at $144,000 after purchasing an additional 8,700 shares in the last quarter. Macquarie Group Ltd. boosted its position in shares of PRGX Global by 68.0% during the 2nd quarter. Macquarie Group Ltd. now owns 15,790 shares of the business services provider’s stock valued at $153,000 after purchasing an additional 6,390 shares in the last quarter. Rhumbline Advisers boosted its position in shares of PRGX Global by 53.3% during the 4th quarter. Rhumbline Advisers now owns 26,633 shares of the business services provider’s stock valued at $252,000 after purchasing an additional 9,262 shares in the last quarter. Wells Fargo & Company MN boosted its position in shares of PRGX Global by 89.2% during the 3rd quarter. Wells Fargo & Company MN now owns 43,663 shares of the business services provider’s stock valued at $380,000 after purchasing an additional 20,582 shares in the last quarter. Finally, Schwab Charles Investment Management Inc. boosted its position in shares of PRGX Global by 352.7% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 49,800 shares of the business services provider’s stock valued at $484,000 after purchasing an additional 38,800 shares in the last quarter. Institutional investors own 77.64% of the company’s stock.

NASDAQ PRGX opened at $9.26 on Friday. PRGX Global has a 12 month low of $7.22 and a 12 month high of $10.30. The stock has a market capitalization of $219.17 million, a price-to-earnings ratio of 44.10, a P/E/G ratio of 2.43 and a beta of 0.46. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.80 and a current ratio of 1.80.

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.

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