Performant Financial (PFMT) Stock Price, News & Analysis

Company Overview

Performant Financial Corporation provides technology-enabled audit, recovery, and analytics services in the United States. The company identifies improper payments resulting from incorrect coding, procedures that were not medically necessary, incomplete documentation or claims submitted based on outdated fee schedules, and coverage discrepancies; and provides first party call center and other outsourced services. The company also offers Performant Insight that provides various services, such as post- and pre-payment audit of healthcare claims, detection of fraud, waste and abuse of healthcare claims, coordination of benefits, and pharmacy fraud detection services. It offers services to government and commercial healthcare markets. The company was formerly known as DCS Holdings, Inc. and changed its name to Performant Financial Corporation in 2005. Performant Financial Corporation was founded in 1976 and is headquartered in Plantation, Florida.

Key Stats

• Today's Range: N/A
• 50-Day Range: $2.92 to $4.28
• 52-Week Range: N/A
• Volume: 166,175 shs
• Average Volume: 150,997 shs
• Market Capitalization: $278.72 million
• P/E Ratio: N/A
• Dividend Yield: N/A
• Price Target: $7.00
• Consensus Rating: Strong Buy

PFMT Stock Analysis - Frequently Asked Questions

How were Performant Financial's earnings last quarter?

Performant Financial Co. (NASDAQ:PFMT) released its quarterly earnings results on Wednesday, November, 6th. The business services provider reported ($0.03) earnings per share (EPS) for the quarter, meeting the consensus estimate of ($0.03). The business services provider earned $31.52 million during the quarter, compared to the consensus estimate of $31.70 million. Performant Financial had a negative net margin of 6.74% and a negative trailing twelve-month return on equity of 10.19%.
Read the conference call transcript.

What other stocks do shareholders of Performant Financial own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Performant Financial investors own include Tesla (TSLA), Advanced Micro Devices (AMD), Meta Platforms (META), JPMorgan Chase & Co. (JPM), NVIDIA (NVDA), Home Depot (HD) and Netflix (NFLX).

Company Calendar

• Last Earnings: 11/06/2024
• Today: 5/05/2025
• Fiscal Year End: 12/31/2025

Industry, Sector and Symbol

• Stock Exchange: NASDAQ
• Sector: Business Services
• Industry: Miscellaneous business services
• Sub-Industry: Diversified Support Services
• Current Symbol: NASDAQ:PFMT
• CIK: 1550695
• Web: performantcorp.com
• Phone: (925) 960-4800
• Fax: 925-960-4880
• Employees: 930
• Year Founded: 1976

Price Target and Rating

• Average Stock Price Target: $7.00
• High Stock Price Target: $7.00
• Low Stock Price Target: $7.00
• Consensus Rating: Strong Buy
• Rating Score (0-4): 3.50
• Research Coverage: 2 Analysts

Profitability

• EPS (Most Recent Fiscal Year): ($0.10)
• Trailing P/E Ratio: N/A
• Forward P/E Ratio: N/A
• P/E Growth: N/A
• Net Income: $-7,520,000.00
• Net Margins: -6.74%
• Pretax Margin: -6.68%
• Return on Equity: -10.19%
• Return on Assets: -7.83%

Debt

• Debt-to-Equity Ratio: 0.11
• Current Ratio: 2.67
• Quick Ratio: 2.67

Sales & Book Value

• Annual Sales: $120.78 million
• Price / Sales: 0.00
• Cash Flow: N/A
• Price / Cash Flow: N/A
• Book Value: $1.05 per share
• Price / Book: N/A

Miscellaneous

• Outstanding Shares: 78,291,000
• Free Float: 71,088,000
• Market Cap: $278.72 million
• Optionable: Optionable
• Beta: 0.09