Wall Street analysts expect that PRGX Global Inc (NASDAQ:PRGX) will report sales of $45.31 million for the current quarter, according to Zacks Investment Research. Two analysts have provided estimates for PRGX Global’s earnings, with the lowest sales estimate coming in at $45.00 million and the highest estimate coming in at $45.62 million. PRGX Global posted sales of $39.18 million in the same quarter last year, which would indicate a positive year over year growth rate of 15.6%. The company is expected to announce its next quarterly earnings report on Tuesday, February 27th.

On average, analysts expect that PRGX Global will report full year sales of $45.31 million for the current fiscal year, with estimates ranging from $159.55 million to $160.17 million. For the next year, analysts anticipate that the company will post sales of $168.50 million per share, with estimates ranging from $167.00 million to $170.00 million. Zacks’ sales averages are an average based on a survey of research firms that cover PRGX Global.

PRGX has been the topic of a number of recent research reports. Zacks Investment Research upgraded PRGX Global from a “hold” rating to a “buy” rating and set a $8.25 target price on the stock in a report on Wednesday, October 25th. B. Riley set a $8.00 target price on PRGX Global and gave the stock a “buy” rating in a report on Tuesday, October 31st. Two investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. PRGX Global has an average rating of “Buy” and a consensus target price of $7.00.

Shares of PRGX Global (PRGX) traded down $0.20 during midday trading on Friday, hitting $7.65. The company had a trading volume of 9,677 shares, compared to its average volume of 22,582. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.59 and a current ratio of 1.59. PRGX Global has a twelve month low of $5.35 and a twelve month high of $8.00.

In other PRGX Global news, Director Matthew A. Drapkin bought 11,900 shares of the firm’s stock in a transaction dated Tuesday, December 12th. The stock was acquired at an average price of $7.34 per share, with a total value of $87,346.00. Following the completion of the transaction, the director now directly owns 133,153 shares in the company, valued at approximately $977,343.02. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, SVP Tushar K. Sachdev sold 10,000 shares of the firm’s stock in a transaction on Wednesday, November 15th. The stock was sold at an average price of $7.01, for a total value of $70,100.00. The disclosure for this sale can be found here. Insiders purchased a total of 71,942 shares of company stock worth $522,898 over the last 90 days. Insiders own 14.96% of the company’s stock.

Several institutional investors have recently modified their holdings of PRGX. Tower Research Capital LLC TRC boosted its position in shares of PRGX Global by 161.4% in the second quarter. Tower Research Capital LLC TRC now owns 18,999 shares of the business services provider’s stock worth $123,000 after buying an additional 11,730 shares during the period. OxFORD Asset Management LLP boosted its position in shares of PRGX Global by 74.7% in the second quarter. OxFORD Asset Management LLP now owns 18,858 shares of the business services provider’s stock worth $123,000 after buying an additional 8,063 shares during the period. GSA Capital Partners LLP boosted its position in shares of PRGX Global by 3.7% in the second quarter. GSA Capital Partners LLP now owns 44,014 shares of the business services provider’s stock worth $286,000 after buying an additional 1,584 shares during the period. Cadence Capital Management LLC boosted its position in shares of PRGX Global by 5.1% in the third quarter. Cadence Capital Management LLC now owns 248,838 shares of the business services provider’s stock worth $1,742,000 after buying an additional 12,063 shares during the period. Finally, Thomson Horstmann & Bryant Inc. boosted its position in shares of PRGX Global by 33.6% in the third quarter. Thomson Horstmann & Bryant Inc. now owns 498,740 shares of the business services provider’s stock worth $3,491,000 after buying an additional 125,398 shares during the period. 70.09% of the stock is owned by institutional investors and hedge funds.

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PRGX Global Company Profile

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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