PRGX Global Inc (NASDAQ:PRGX) Director Matthew A. Drapkin purchased 38,884 shares of PRGX Global stock in a transaction dated Thursday, May 25th. The shares were acquired at an average cost of $6.23 per share, with a total value of $242,247.32. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

PRGX Global Inc (NASDAQ:PRGX) traded down 0.80% during midday trading on Thursday, reaching $6.20. 26,473 shares of the company traded hands. PRGX Global Inc has a 1-year low of $4.25 and a 1-year high of $6.93. The firm has a 50-day moving average of $6.37 and a 200-day moving average of $5.95. The stock’s market capitalization is $137.17 million.

PRGX Global (NASDAQ:PRGX) last announced its quarterly earnings results on Wednesday, April 26th. The business services provider reported ($0.08) earnings per share for the quarter, missing the consensus estimate of ($0.06) by $0.02. The company had revenue of $33.57 million for the quarter, compared to analysts’ expectations of $33.37 million. PRGX Global had a net margin of 2.33% and a return on equity of 13.66%. On average, analysts predict that PRGX Global Inc will post $0.05 earnings per share for the current year.

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

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Several equities research analysts have recently commented on the stock. ValuEngine lowered shares of PRGX Global from a “hold” rating to a “sell” rating and reduced their price target for the company from $6.00 to $4.00 in a research report on Thursday, May 11th. B. Riley reissued a “buy” rating and issued a $8.00 target price on shares of PRGX Global in a report on Saturday, April 29th. Zacks Investment Research lowered shares of PRGX Global from a “hold” rating to a “sell” rating in a report on Saturday, March 4th. TheStreet lowered shares of PRGX Global from a “b-” rating to a “c+” rating in a report on Wednesday, March 1st. Finally, Barrington Research raised shares of PRGX Global from a “market perform” rating to an “outperform” rating and set a $8.00 target price for the company in a report on Wednesday, March 1st. Two equities research analysts have rated the stock with a sell rating and two have issued a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $6.31.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. HCSF Management LLC boosted its position in shares of PRGX Global by 5.1% in the fourth quarter. HCSF Management LLC now owns 2,915,726 shares of the business services provider’s stock valued at $17,203,000 after buying an additional 141,960 shares in the last quarter. Renaissance Technologies LLC boosted its position in shares of 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 in the last quarter. Vanguard Group Inc. boosted its position in shares of PRGX Global by 1.2% in the first quarter. Vanguard Group Inc. now owns 1,183,504 shares of the business services provider’s stock valued at $7,574,000 after buying an additional 13,531 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in shares of PRGX Global by 0.6% in the first quarter. Dimensional Fund Advisors LP now owns 691,679 shares of the business services provider’s stock valued at $4,427,000 after buying an additional 3,993 shares in the last quarter. Finally, Cannell Capital LLC boosted its position in shares of 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 in the last quarter. Institutional investors own 72.40% of the company’s stock.

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.

12 Month Chart for NASDAQ:PRGX

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