In a report released today, Alexander Paris from Barrington reiterated a Buy rating on PRGX Global (NASDAQ: PRGX), with a price target of $13. The company’s shares opened today at $9.60.
According to TipRanks.com, Paris is a 4-star analyst with an average return of 7.8% and a 53.3% success rate. Paris covers the Services sector, focusing on stocks such as Adtalem Global Education Inc, American Public Education, and Franklin Covey Company.
Currently, the analyst consensus on PRGX Global is a Moderate Buy with an average price target of $12.50.
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Based on PRGX Global’s latest earnings release for the quarter ending June 30, the company reported a quarterly GAAP net loss of $2.91 million. In comparison, last year the company had a net profit of $733K.
Based on the recent corporate insider activity of 37 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of PRGX in relation to earlier this year.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
PRGX Global, Inc. is a business analytics and information services company. It operates through following segments: Recovery Audit Services-Americas, Recovery Audit Services-Europe/Asia-Pacific, and Adjacent Services. The Recovery Audit Services -Americas segment provides recovery audit services in U.S., Canada and Latin America.