Institutional Investors Sentiment Indicator of PRGX Global Inc (NASDAQ:PRGX) Increases in Q1 2018

June 17, 2018 - By Vivian Currie

PRGX Global, Inc. (NASDAQ:PRGX) Logo

Sentiment for PRGX Global Inc (NASDAQ:PRGX)

PRGX Global Inc (NASDAQ:PRGX) institutional sentiment increased to 2.13 in Q1 2018. Its up 1.13, from 1 in 2017Q4. The ratio is better, as 32 institutional investors started new and increased positions, while 15 cut down and sold holdings in PRGX Global Inc. The institutional investors in our partner’s database now have: 16.02 million shares, up from 15.46 million shares in 2017Q4. Also, the number of institutional investors holding PRGX Global Inc in their top 10 positions was flat from 1 to 1 for the same number . Sold All: 6 Reduced: 9 Increased: 16 New Position: 16.

PRGX Global, Inc., together with its subsidiaries, provides recovery audit services to businesses and government agencies having payment transactions and procurement environments. The company has market cap of $210.75 million. It operates through three divisions: Recovery Audit Services – Americas, Recovery Audit Services – Europe/Asia-Pacific, and Adjacent Services. It has a 62.76 P/E ratio. The companyÂ’s recovery audit services are based on the mining of clientsÂ’ purchasing related data for overpayments to the third-party suppliers.

The stock decreased 2.15% or $0.2 during the last trading session, reaching $9.1. About 63,148 shares traded or 2.71% up from the average. PRGX Global, Inc. (NASDAQ:PRGX) has risen 55.65% since June 17, 2017 and is uptrending. It has outperformed by 43.08% the S&P500.

Analysts await PRGX Global, Inc. (NASDAQ:PRGX) to report earnings on August, 7. They expect $-0.05 EPS, down 400.00 % or $0.04 from last year’s $-0.01 per share. After $-0.10 actual EPS reported by PRGX Global, Inc. for the previous quarter, Wall Street now forecasts -50.00 % EPS growth.

Hcsf Management Llc holds 19.62% of its portfolio in PRGX Global, Inc. for 2.94 million shares. Cannell Capital Llc owns 661,184 shares or 2.01% of their US portfolio. Moreover, Thomson Horstmann & Bryant Inc has 1.11% invested in the company for 896,614 shares. The California-based First Wilshire Securities Management Inc has invested 1% in the stock. Rbf Capital Llc, a California-based fund reported 316,700 shares.

Since January 1, 0001, it had 4 insider purchases, and 4 sales for $446,816 activity.

PRGX Global, Inc. (NASDAQ:PRGX) Ratings Coverage

Ratings analysis reveals 100% of PRGX Global’s analysts are positive. Out of 3 Wall Street analysts rating PRGX Global, 3 give it “Buy”, 0 “Sell” rating, while 0 recommend “Hold”. The lowest target is $8.0 while the high is $12. The stock’s average target of $10 is 9.89% above today’s ($9.1) share price. PRGX was included in 3 notes of analysts from February 26, 2018. The firm earned “Buy” rating on Tuesday, February 27 by FBR Capital. The firm earned “Buy” rating on Wednesday, May 2 by B. Riley & Co.

More recent PRGX Global, Inc. (NASDAQ:PRGX) news were published by: Nasdaq.com which released: “PRGX Set to Join Russell 3000® Index” on June 11, 2018. Also Investingnews.com published the news titled: “PRGX OPTIX Suite Powers Adjacent Services Momentum” on June 15, 2018. Globenewswire.com‘s news article titled: “PRGX OPTIX® Suite Powers Adjacent Services Momentum” with publication date: June 14, 2018 was also an interesting one.

PRGX Global, Inc. (NASDAQ:PRGX) Institutional Positions Chart

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.

Free Email Newsletter

Enter your email address below to get the latest news and analysts' ratings for your stocks with our free daily email newsletter: