Performant Healthcare (NASDAQ:PHLT - Get Free Report)'s stock had its "sell (d-)" rating reissued by analysts at Weiss Ratings in a research note issued to investors on Wednesday,Weiss Ratings reports.
Several other brokerages have also weighed in on PHLT. Citizens Jmp lowered Performant Healthcare from a "strong-buy" rating to a "hold" rating in a research report on Friday, August 1st. JMP Securities assumed coverage on Performant Healthcare in a research report on Thursday, July 10th. They issued a "market outperform" rating and a $8.00 target price on the stock. B. Riley lowered Performant Healthcare from a "strong-buy" rating to a "hold" rating in a research report on Monday, August 4th. Craig Hallum lowered Performant Healthcare from a "strong-buy" rating to a "hold" rating and set a $7.75 target price on the stock. in a research report on Monday, August 4th. Finally, Lake Street Capital downgraded Performant Healthcare from a "buy" rating to a "hold" rating and set a $7.75 price target for the company. in a research note on Monday, August 4th. One equities research analyst has rated the stock with a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, Performant Healthcare currently has an average rating of "Hold" and a consensus price target of $7.88.
Get Our Latest Stock Analysis on PHLT
Performant Healthcare Stock Performance
Shares of PHLT stock opened at $7.72 on Wednesday. The company has a debt-to-equity ratio of 0.10, a current ratio of 2.64 and a quick ratio of 2.64. Performant Healthcare has a fifty-two week low of $2.17 and a fifty-two week high of $7.74. The stock's 50-day moving average is $7.57 and its two-hundred day moving average is $4.64. The firm has a market cap of $621.00 million, a P/E ratio of -772.00 and a beta of 0.69.
Institutional Inflows and Outflows
A number of hedge funds have recently made changes to their positions in the stock. Squarepoint Ops LLC acquired a new position in shares of Performant Healthcare during the 2nd quarter valued at about $533,000. Topline Capital Management LLC bought a new stake in Performant Healthcare during the 2nd quarter valued at approximately $21,850,000. BNP Paribas Financial Markets bought a new stake in Performant Healthcare during the 2nd quarter valued at approximately $28,000. Bridgeway Capital Management LLC bought a new stake in Performant Healthcare during the 2nd quarter valued at approximately $774,000. Finally, Bank of America Corp DE bought a new stake in Performant Healthcare during the 2nd quarter valued at approximately $347,000. Institutional investors and hedge funds own 77.15% of the company's stock.
About Performant Healthcare
(
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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