NASDAQ:PFMT Performant Financial (PFMT) Stock Forecast, Price & News $2.76 -0.05 (-1.78%) (As of 06/9/2023 ET) Add Compare Share Share Today's Range$2.75▼$2.8550-Day Range$2.24▼$3.4052-Week Range$1.72▼$3.97Volume81,354 shsAverage Volume172,003 shsMarket Capitalization$208.39 millionP/E RatioN/ADividend YieldN/APrice Target$8.00 ProfileProfileAnalyst RatingsChartCompetitorsEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial MediaProfileAnalyst RatingsChartCompetitorsEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial Media Performant Financial MarketRank™ ForecastAnalyst RatingBuy3.00 Rating ScoreUpside/Downside185.7% Upside$8.00 Price TargetShort InterestBearish1.29% of Shares Sold ShortDividend StrengthN/ASustainabilityN/ANews SentimentN/AInsider TradingAcquiring Shares$892,844 Bought Last QuarterProj. Earnings GrowthN/ASee Full Details Hide Full Details Overall MarketRank™MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.1.82 out of 5 starsBusiness Services Sector245th out of 332 stocksMiscellaneous Business Services Industry4th out of 5 stocks 3.5 Analyst's Opinion Consensus RatingPerformant Financial has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 1 buy rating, no hold ratings, and no sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of $8.00, Performant Financial has a forecasted upside of 185.7% from its current price of $2.80.Amount of Analyst CoveragePerformant Financial has received no research coverage in the past 90 days. Previous Next 2.0 Short Interest Percentage of Shares Shorted1.29% of the outstanding shares of Performant Financial have been sold short.Short Interest Ratio / Days to CoverPerformant Financial has a short interest ratio ("days to cover") of 7.3.Change versus previous monthShort interest in Performant Financial has recently increased by 15.53%, indicating that investor sentiment is decreasing significantly. Previous Next 0.0 Dividend Strength Dividend YieldPerformant Financial does not currently pay a dividend.Dividend GrowthPerformant Financial does not have a long track record of dividend growth. Previous Next N/A Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreThere is no current Upright™ data available for PFMT. Previous Next 0.6 News and Social Media Coverage Search Interest1 people have searched for PFMT on MarketBeat in the last 30 days. Previous Next 3.3 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Performant Financial insiders have bought more of their company's stock than they have sold. Specifically, they have bought $892,844.00 in company stock and sold $0.00 in company stock.Percentage Held by InsidersOnly 9.40% of the stock of Performant Financial is held by insiders.Percentage Held by Institutions64.79% of the stock of Performant Financial is held by institutions. High institutional ownership can be a signal of strong market trust in this company. Previous Next 0.0 Earnings and Valuation Price to Earnings Ratio vs. the MarketThe P/E ratio of Performant Financial is -23.33, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.Price to Earnings Ratio vs. SectorThe P/E ratio of Performant Financial is -23.33, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.Price to Book Value per Share RatioPerformant Financial has a P/B Ratio of 2.46. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities. Previous Next See Top Rated MarketRank™ Stocks Here About Performant Financial (NASDAQ:PFMT) StockPerformant Financial Corp. 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. The company was founded in 1976 and is headquartered in Livermore, CA.Read More Receive PFMT Stock News and Ratings via Email Sign-up to receive the latest news and ratings for Performant Financial and its competitors with MarketBeat's FREE daily newsletter. Email Address PFMT Stock News HeadlinesMay 31, 2023 | finance.yahoo.comPerformant Financial Corporation (NASDAQ:PFMT) has caught the attention of institutional investors who hold a sizeable 48% stakeMay 14, 2023 | americanbankingnews.comPrescott Group Capital Managem Purchases 30,000 Shares of Performant Financial Co. (NASDAQ:PFMT) StockJune 9, 2023 | Behind the Markets (Ad)The single greatest medical breakthrough of all time?We are on the cusp of a medical breakthrough. And soon, this single breakthrough could lead to the cure of over 6,000 genetic diseases, including Alzheimer's, heart disease, and even cancer! This reminds me of Amgen, where early investors made as much as 46,751% when they released their revolutionary drug to the market.May 9, 2023 | marketwatch.comPerformant Financial Taps New CEO, CFOMay 8, 2023 | americanbankingnews.comPerformant Financial (PFMT) Set to Announce Quarterly Earnings on TuesdayApril 4, 2023 | markets.businessinsider.comAnalysts Offer Insights on Services Companies: Performant Financial (PFMT) and Bowlero Corp. Class A (BOWL)April 2, 2023 | americanbankingnews.comPerformant Financial (NASDAQ:PFMT) Stock Crosses Above 200-Day Moving Average of $2.73March 25, 2023 | americanbankingnews.comPerformant Financial (NASDAQ:PFMT) Rating Increased to Hold at StockNews.comJune 9, 2023 | Behind the Markets (Ad)The single greatest medical breakthrough of all time?We are on the cusp of a medical breakthrough. And soon, this single breakthrough could lead to the cure of over 6,000 genetic diseases, including Alzheimer's, heart disease, and even cancer! This reminds me of Amgen, where early investors made as much as 46,751% when they released their revolutionary drug to the market.March 22, 2023 | 247wallst.comPrescott Group Capital Management Now Owns 20.9% of Performant FinancialMarch 22, 2023 | seekingalpha.comPerformant Financial Faces Multiple Near-Term Headwinds - SellMarch 17, 2023 | finance.yahoo.comPerformant Financial Corporation (NASDAQ:PFMT) Q4 2022 Earnings Call TranscriptMarch 15, 2023 | finance.yahoo.comQ4 2022 Performant Financial Corp Earnings CallMarch 14, 2023 | msn.comPerformant Financial Non-GAAP EPS of $0.01, revenue of $29.2MMarch 14, 2023 | finance.yahoo.comPerformant Financial Corporation Announces Financial Results for Fourth Quarter and Full Year 2022February 1, 2023 | finance.yahoo.comInvestors in Performant Financial (NASDAQ:PFMT) have made a strong return of 197% over the past three yearsJanuary 17, 2023 | seekingalpha.comPerformant Financial: Expect Improved Results As Transformation Gains TractionDecember 21, 2022 | finance.yahoo.comPerformant and CAQH Announce Strategic PartnershipDecember 19, 2022 | finance.yahoo.comPerformant Healthcare Solutions Re-Awarded CMS Medicare Secondary Payer Commercial Repayment Center ContractNovember 8, 2022 | finance.yahoo.comPerformant Financial Corporation Announces Financial Results for Third Quarter 2022November 1, 2022 | finance.yahoo.comPerformant Financial Corporation to Report Third Quarter 2022 Earnings on November 8, 2022November 1, 2022 | msn.comWhy Sonnet BioTherapeutics Shares Surged Over 66%; Here Are 63 Biggest Movers From YesterdayOctober 11, 2022 | finance.yahoo.comPerformant Announces Strategic engagement with Priority HealthSeptember 29, 2022 | seekingalpha.comPerformant Financial: On Track To Achieve Full-Year Targets Despite Ongoing HeadwindsSeptember 27, 2022 | nasdaq.comPerformant Financial Corporation (NASDAQ:PFMT) has caught the attention of institutional investors who hold a sizeable 40% stakeSeptember 20, 2022 | seekingalpha.comPFMT Performant Financial CorporationAugust 10, 2022 | finance.yahoo.comThose who invested in Performant Financial (NASDAQ:PFMT) three years ago are up 128%See More Headlines PFMT Price History View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart PFMT Company Calendar Last Earnings11/09/2021Today6/09/2023Next Earnings (Estimated)8/14/2023Fiscal Year End12/31/2023Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNASDAQ Industry Miscellaneous business services Sub-IndustryDiversified Support Services SectorBusiness Services Current SymbolNASDAQ:PFMT CUSIP71377E10 CIK1550695 Webperformantcorp.com Phone(925) 960-4800Fax925-960-4880Employees1,023Year Founded1976Price Target and Rating Average Stock Price Forecast$8.00 High Stock Price Forecast$8.00 Low Stock Price Forecast$8.00 Forecasted Upside/Downside+185.7%Consensus RatingBuy Rating Score (0-4)3.00 Research Coverage1 Analysts Profitability EPS (Most Recent Fiscal Year)($0.12) Trailing P/E RatioN/A Forward P/E RatioN/A P/E GrowthN/ANet Income$-6,540,000.00 Net Margins-8.35% Pretax Margin-8.24% Return on Equity-10.89% Return on Assets-7.89% Debt Debt-to-Equity Ratio0.12 Current Ratio3.81 Quick Ratio3.81 Sales & Book Value Annual Sales$107.83 million Price / Sales1.96 Cash FlowN/A Price / Cash FlowN/A Book Value$1.14 per share Price / Book2.46Miscellaneous Outstanding Shares75,505,000Free Float68,408,000Market Cap$211.41 million OptionableOptionable Beta-0.34 Social Links Key ExecutivesLisa C. ImExecutive Chairman & SecretarySimeon M. KohlChief Executive Officer & DirectorRohit RamchandaniChief Financial OfficerAmanda PurvisVice President-Technology & InnovationMarlene M. Mullen-ClaytonChief Medical DirectorKey CompetitorsCoreCardNYSE:CCRDClimb Global SolutionsNASDAQ:CLMBTiga AcquisitionNYSE:TINVArqit QuantumNASDAQ:ARQQOppFiNYSE:OPFIView All CompetitorsInsiders & InstitutionsGeode Capital Management LLCBought 40,656 shares on 5/16/2023Ownership: 0.792%Jane Street Group LLCBought 257,033 shares on 5/16/2023Ownership: 0.340%State Street CorpBought 25,500 shares on 5/16/2023Ownership: 0.289%Balyasny Asset Management L.P.Sold 6,420 shares on 5/16/2023Ownership: 0.042%Squarepoint Ops LLCBought 14,879 shares on 5/16/2023Ownership: 0.020%View All Insider TransactionsView All Institutional Transactions PFMT Stock - Frequently Asked Questions Should I buy or sell Performant Financial stock right now? 1 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Performant Financial in the last year. There are currently 1 buy rating for the stock. The consensus among Wall Street equities research 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 2023? 1 Wall Street research analysts have issued 12 month target prices for Performant Financial's shares. Their PFMT share price forecasts range from $8.00 to $8.00. On average, they predict the company's share price to reach $8.00 in the next twelve months. This suggests a possible upside of 185.7% from the stock's current price. View analysts price targets for PFMT or view top-rated stocks among Wall Street analysts. How have PFMT shares performed in 2023? Performant Financial's stock was trading at $3.61 on January 1st, 2023. Since then, PFMT shares have decreased by 22.4% and is now trading at $2.80. View the best growth stocks for 2023 here. When is Performant Financial's next earnings date? The company is scheduled to release its next quarterly earnings announcement on Monday, August 14th 2023. View our PFMT earnings forecast. How were Performant Financial's earnings last quarter? Performant Financial Co. (NASDAQ:PFMT) posted its earnings results on Tuesday, November, 9th. The business services provider reported ($0.03) EPS for the quarter, topping 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 trailing twelve-month return on equity of 10.89% and a negative net margin of 8.35%. During the same quarter in the prior year, the business earned $0.05 earnings per share. 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), Imunon (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 institutional and retail investors. Top institutional investors include Prescott Group Capital Management L.L.C. (20.88%), First Light Asset Management LLC (10.87%), Cooper Creek Partners Management LLC (4.84%), Punch & Associates Investment Management Inc. (3.39%), Mirador Capital Partners LP (2.14%) and Renaissance Technologies LLC (1.13%). 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 $2.80. How much money does Performant Financial make? Performant Financial (NASDAQ:PFMT) has a market capitalization of $211.41 million and generates $107.83 million in revenue each year. The business services provider earns $-6,540,000.00 in net income (profit) each year or ($0.12) on an earnings per share basis. How many employees does Performant Financial have? The company employs 1,023 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 (925) 960-4800, via email at investors@performantcorp.com, or via fax at 925-960-4880. This page (NASDAQ:PFMT) was last updated on 6/9/2023 by MarketBeat.com Staff Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat All Access to add more stocks to your watchlist. Adding Performant Financial Co. 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