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Performant Healthcare, Inc. - Common Stock (NASDAQ:PHLT) Director Lisa Im Sells 180,867 Shares

Performant Healthcare, Inc. - Common Stock logo with Medical background

Performant Healthcare, Inc. - Common Stock (NASDAQ:PHLT - Get Free Report) Director Lisa Im sold 180,867 shares of the firm's stock in a transaction on Tuesday, June 3rd. The shares were sold at an average price of $3.25, for a total transaction of $587,817.75. Following the completion of the transaction, the director now directly owns 1,229,413 shares of the company's stock, valued at approximately $3,995,592.25. This trade represents a 12.82% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.

Performant Healthcare, Inc. - Common Stock Stock Up 1.3%

NASDAQ PHLT traded up $0.04 during trading hours on Friday, hitting $3.04. 29,827 shares of the company were exchanged, compared to its average volume of 156,395. The stock has a 50-day moving average price of $2.60. The company has a current ratio of 2.67, a quick ratio of 2.67 and a debt-to-equity ratio of 0.11. Performant Healthcare, Inc. - Common Stock has a 52 week low of $2.17 and a 52 week high of $4.35. The stock has a market capitalization of $238.06 million, a PE ratio of -30.40 and a beta of 0.30.

Performant Healthcare, Inc. - Common Stock (NASDAQ:PHLT - Get Free Report) last announced its earnings results on Thursday, May 8th. The company reported $0.02 EPS for the quarter, topping analysts' consensus estimates of ($0.02) by $0.04. The firm had revenue of $33.27 million during the quarter, compared to analysts' expectations of $29.92 million. Performant Healthcare, Inc. - Common Stock had a negative return on equity of 10.19% and a negative net margin of 6.74%. As a group, sell-side analysts anticipate that Performant Healthcare, Inc. - Common Stock will post -0.13 earnings per share for the current year.

Wall Street Analyst Weigh In

Separately, B. Riley upgraded shares of Performant Healthcare, Inc. - Common Stock to a "strong-buy" rating in a research report on Wednesday, March 12th.

Get Our Latest Report on Performant Healthcare, Inc. - Common Stock

About Performant Healthcare, Inc. - Common Stock

(Get Free Report)

Performant Healthcare, Inc engages in the provision of technology-enabled audit, recovery, customer care, and related analytics services. Its services help identify improper payments, and in some markets, restructure and recover delinquent or defaulted assets and improper payments for both government and private clients.

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