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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 business'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 sale, the director now owns 1,229,413 shares of the company's stock, valued at approximately $3,995,592.25. The trade was a 12.82% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Performant Healthcare, Inc. - Common Stock Price Performance

Shares of NASDAQ PHLT traded up $0.11 during mid-day trading on Friday, hitting $3.11. The company had a trading volume of 95,551 shares, compared to its average volume of 157,042. Performant Healthcare, Inc. - Common Stock has a 12 month low of $2.17 and a 12 month high of $4.35. The company has a current ratio of 2.67, a quick ratio of 2.67 and a debt-to-equity ratio of 0.11. The firm's 50 day simple moving average is $2.60. The firm has a market cap of $243.54 million, a PE ratio of -31.10 and a beta of 0.30.

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

Wall Street Analysts Forecast Growth

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

Read Our Latest Stock Analysis on PHLT

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.

Further Reading

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