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Performant Financial - PFMT Stock Forecast, Price & News

$2.60
-0.16 (-5.80%)
(As of 08/9/2022 12:00 AM ET)
Add
Compare
Today's Range
$2.59
$2.89
50-Day Range
$2.33
$2.85
52-Week Range
$1.85
$5.08
Volume
153,140 shs
Average Volume
227,155 shs
Market Capitalization
$190.17 million
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$11.00

Performant Financial MarketRank™ Forecast

Analyst Rating
Buy
3.00 Rating Score
Upside/​Downside
323.1% Upside
$11.00 Price Target
Short Interest
Healthy
0.73% of Shares Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
1.50mentions of Performant Financial in the last 14 days
Based on 2 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
N/A

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.12 out of 5 stars

Business Services Sector

280th out of 334 stocks

Miscellaneous Business Services Industry

5th out of 6 stocks

PFMT stock logo

About Performant Financial (NASDAQ:PFMT) Stock

Performant Financial Corporation provides technology-enabled audit, recovery, outsource customer, and related analytics services in the United States. The company offers recovery services to the clients in Federal guaranteed student loan program and private institutions; identifies and tracks defaulted borrowers across its clients' portfolios of student loans; rehabilitates and recovers past due student loans; provides tax recovery services to federal, state and municipal agencies; recovers government debt for various federal agencies; and offers audit and recovery services to identify improper healthcare payments for public and private healthcare clients. It also identifies improper payments resulting from incorrect coding, procedures that were not medically necessary, incomplete documentation, and claims submitted based on outdated fee schedules; and provides first party call center and other outsourced services. In addition, the company 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. 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 Livermore, California.

Performant Financial Stock Down 5.8 %

Shares of PFMT traded down $0.16 during midday trading on Tuesday, reaching $2.60. 153,140 shares of the stock were exchanged, compared to its average volume of 227,155. The company has a market capitalization of $190.17 million, a P/E ratio of -21.92 and a beta of -0.32. The company has a current ratio of 4.17, a quick ratio of 4.17 and a debt-to-equity ratio of 0.22. Performant Financial has a 52 week low of $1.85 and a 52 week high of $5.08. The company's 50 day moving average is $2.59 and its two-hundred day moving average is $2.49.

Performant Financial (NASDAQ:PFMT - Get Rating) last released its quarterly earnings data on Monday, May 9th. The business services provider reported ($0.02) earnings per share for the quarter. Performant Financial had a negative return on equity of 10.15% and a negative net margin of 6.26%. The business had revenue of $27.08 million during the quarter. During the same period in the previous year, the business posted ($0.06) earnings per share.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on PFMT shares. StockNews.com raised shares of Performant Financial from a "sell" rating to a "hold" rating in a research note on Friday, July 15th. Lake Street Capital initiated coverage on shares of Performant Financial in a research report on Monday, April 11th. They set a "buy" rating on the stock.

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PFMT Stock News Headlines

Performant Financial (PFMT) to Release Earnings on Monday
The Prognosis On Performant Financial
Performant Financial Insider Makes $3.1M Stock Purchase
See More Headlines
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PFMT Company Calendar

Last Earnings
11/09/2021
Today
8/09/2022
Next Earnings (Estimated)
11/08/2022
Fiscal Year End
12/31/2022

Industry, Sector and Symbol

Industry
Miscellaneous business services
Sub-Industry
Diversified Support Services
Current Symbol
NASDAQ:PFMT
CUSIP
71377E10
Employees
929
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
$11.00
High Stock Price Forecast
$11.00
Low Stock Price Forecast
$11.00
Forecasted Upside/Downside
+323.1%
Consensus Rating
Buy
Rating Score (0-4)
3.00
Research Coverage
2 Analysts

Profitability

Net Income
$-10,290,000.00
Pretax Margin
-6.22%

Debt

Sales & Book Value

Annual Sales
$124.39 million
Book Value
$1.19 per share

Miscellaneous

Free Float
65,244,000
Market Cap
$190.17 million
Optionable
Optionable
Beta
-0.32

Key Executives

  • Ms. Lisa C. Im (Age 57)
    Chairman, CEO & Sec.
    Comp: $492.42k
  • Mr. Simeon M. Kohl (Age 55)
    Pres
    Comp: $353.69k
  • Mr. Ian A. Johnston (Age 67)
    VP & Chief Accounting Officer
    Comp: $285.54k
  • Mr. Harold T. Leach Jr. (Age 64)
    Chief Compliance Officer
    Comp: $324.4k
  • Mr. Rohit Ramchandani
    Sr. VP of Fin. & Strategy
  • Mr. Jeffrey Nelson C.F.A.
    CFP, Ph.D., VP of Technology
  • Mr. Richard Zubek
    Investor Relations Professional
  • Ms. Amanda Purvis
    Head of Product Innovation













PFMT Stock - Frequently Asked Questions

Should I buy or sell Performant Financial stock right now?

2 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Performant Financial in the last twelve months. There are currently 2 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" PFMT shares.
View PFMT analyst ratings
or view top-rated stocks.

What is Performant Financial's stock price forecast for 2022?

2 equities research analysts have issued twelve-month price objectives for Performant Financial's stock. Their PFMT share price forecasts range from $11.00 to $11.00. On average, they anticipate the company's stock price to reach $11.00 in the next twelve months. This suggests a possible upside of 318.3% from the stock's current price.
View analysts price targets for PFMT
or view top-rated stocks among Wall Street analysts.

How has Performant Financial's stock price performed in 2022?

Performant Financial's stock was trading at $2.41 at the start of the year. Since then, PFMT shares have increased by 9.1% and is now trading at $2.63.
View the best growth stocks for 2022 here
.

When is Performant Financial's next earnings date?

Performant Financial is scheduled to release its next quarterly earnings announcement on Tuesday, November 8th 2022.
View our PFMT earnings forecast
.

How were Performant Financial's earnings last quarter?

Performant Financial Co. (NASDAQ:PFMT) released its earnings results on Tuesday, November, 9th. The business services provider reported ($0.03) EPS for the quarter, beating analysts' consensus estimates of ($0.08) by $0.05. The business services provider earned $28.58 million during the quarter. Performant Financial had a negative net margin of 6.26% and a negative trailing twelve-month return on equity of 10.15%. During the same quarter in the prior year, the company posted $0.05 EPS.

What is Lisa Im's approval rating as Performant Financial's CEO?

51 employees have rated Performant Financial Chief Executive Officer Lisa Im on Glassdoor.com. Lisa Im has an approval rating of 53% among the company's employees. This puts Lisa Im in the bottom 25% of approval ratings compared to other CEOs of publicly-traded companies.

What other stocks do shareholders of Performant Financial own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Performant Financial investors own include OPKO Health (OPK), Actinium Pharmaceuticals (ATNM), BIOLASE (BIOL), AcelRx Pharmaceuticals (ACRX), Bank of America (BAC), Catalyst Biosciences (CBIO), Clean Energy Fuels (CLNE), Celsion (CLSN), Comstock Resources (CRK) and Edap Tms (EDAP).

What is Performant Financial's stock symbol?

Performant Financial trades on the NASDAQ under the ticker symbol "PFMT."

Who are Performant Financial's major shareholders?

Performant Financial's stock is owned by a variety of retail and institutional investors. Top institutional investors include Mirador Capital Partners LP (2.28%), Trellus Management Company LLC (0.23%) and Clarus Group Inc. (0.03%). Insiders that own company stock include Ecmc Group, Inc, Eric Yanagi, Parthenon Dcs Holdings, Llc, Pcp Managers Gp, Llc and Prescott Group Capital Managem.
View institutional ownership trends
.

How do I buy shares of Performant Financial?

Shares of PFMT stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is Performant Financial's stock price today?

One share of PFMT stock can currently be purchased for approximately $2.63.

How much money does Performant Financial make?

Performant Financial (NASDAQ:PFMT) has a market capitalization of $192.36 million and generates $124.39 million in revenue each year. The business services provider earns $-10,290,000.00 in net income (profit) each year or ($0.12) on an earnings per share basis.

How many employees does Performant Financial have?

Performant Financial employs 929 workers across the globe.

How can I contact Performant Financial?

Performant Financial's mailing address is 333 North Cayons Parkway, Livermore CA, 94551. The official website for the company is performantcorp.com. The business services provider can be reached via phone at (866) 256-0057, via email at investors@performantcorp.com, or via fax at 925-960-4880.

This page (NASDAQ:PFMT) was last updated on 8/9/2022 by MarketBeat.com Staff

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