Barrington analyst Alexander Paris maintained a Buy rating on PRGX Global (PRGX) today and set a price target of $13. The company’s shares closed on Friday at $7.65, close to its 52-week low of $7.17.
Paris said:
“We expect first quarter revenue of $38.7 million, up 5.4% from $36.7 million last year; adjusted EBITDA, which excludes one-time items, foreign currency gains/losses on intercompany balances and stock-based comp, of $3.4 million, up 2.7% from $3.3 million last year; and a net loss per share of $0.08, compared to a net loss per share of $0.10 last year. The FactSet consensus calls for revenue of $38.9 million (two estimates of $38.7 million and $39.0 million), adjusted EBITDA of $2.7 million (two estimates of $2.1 million and $3.4 million) and a net loss per share of $0.12 (two estimates of -$0.15 and -$0.08).”
According to TipRanks.com, Paris is a 5-star analyst with an average return of 10.9% and a 56.8% success rate. Paris covers the Services sector, focusing on stocks such as Adtalem Global Education Inc, American Public Education, and Strategic Education Inc.
PRGX Global has an analyst consensus of Moderate Buy, with a price target consensus of $12.50.
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The company has a one-year high of $10.20 and a one-year low of $7.17. Currently, PRGX Global has an average volume of 39.41K.
Based on the recent corporate insider activity of 32 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.
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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.
