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NASDAQ:PFMTPerformant Financial Stock Price, Forecast & News

$0.72
+0.03 (+4.75 %)
(As of 05/25/2020 04:00 PM ET)
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Today's Range
$0.68
Now: $0.72
$0.75
50-Day Range
$0.65
MA: $0.72
$0.79
52-Week Range
$0.60
Now: $0.72
$1.73
Volume247,700 shs
Average Volume89,056 shs
Market Capitalization$38.96 million
P/E RatioN/A
Dividend YieldN/A
Beta-0.2
Performant Financial Corporation provides technology-enabled audit, recovery, outsource customer, and related analytics services in the United States. The company offers recovery services primarily to the government-supported student loan industry serving guaranty agencies, private financial institutions, and the Department of Education; and restructures and recovers student loans issued directly by banks to students outside of federal lending programs. It also provides audit and recovery services related to improper payments in the healthcare market; and recovery and risk management advisory services to the Department of the Treasury and various financial institutions, as well as to federal, state, and municipal tax authorities. In addition, the company offers services from post-and pre-payment audit of healthcare claims to detection of fraud, waste and abuse of healthcare claims, to coordination of benefits and pharmacy fraud detection. 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.
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Beat the Market (BTM) Rank

Analyst Opinion: 0.0Community Rank: 2.3Dividend Strength: 0.0Insider Behavior: 4.0Valuation: 1.3 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

1.51 out of 5 stars


Industry, Sector and Symbol

Industry Miscellaneous business services
Sub-IndustryDiversified Support Services
SectorBusiness Services
Current SymbolNASDAQ:PFMT
CUSIP71377E10
Phone925-960-4800

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$150.43 million
Book Value$0.99 per share

Profitability

Net Income$-26,820,000.00

Miscellaneous

Employees1,615
Market Cap$38.96 million
Next Earnings Date8/11/2020 (Estimated)
OptionableOptionable

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Performant Financial (NASDAQ:PFMT) Frequently Asked Questions

How has Performant Financial's stock been impacted by COVID-19 (Coronavirus)?

Performant Financial's stock was trading at $0.95 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization. Since then, PFMT stock has decreased by 23.9% and is now trading at $0.7228. View which stocks have been most impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of Performant Financial?

1 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Performant Financial in the last year. There are currently 1 hold rating for the stock, resulting in a consensus recommendation of "Hold." View analyst ratings for Performant Financial.

When is Performant Financial's next earnings date?

Performant Financial is scheduled to release its next quarterly earnings announcement on Tuesday, August 11th 2020. View our earnings forecast for Performant Financial.

How were Performant Financial's earnings last quarter?

Performant Financial Corp (NASDAQ:PFMT) released its earnings results on Tuesday, May, 19th. The business services provider reported $0.04 earnings per share for the quarter, beating the consensus estimate of ($0.06) by $0.10. The business services provider had revenue of $45.89 million for the quarter, compared to analysts' expectations of $38.80 million. Performant Financial had a negative return on equity of 21.08% and a negative net margin of 19.09%. View Performant Financial's earnings history.

What guidance has Performant Financial issued on next quarter's earnings?

Performant Financial issued an update on its FY 2020 After-Hours earnings guidance on Tuesday, March, 17th. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $170-180 million, compared to the consensus revenue estimate of $175.4 million.

Has Performant Financial been receiving favorable news coverage?

Media headlines about PFMT stock have trended negative this week, InfoTrie Sentiment reports. InfoTrie identifies negative and positive media coverage by analyzing more than six thousand blog and news sources in real time. The firm ranks coverage of publicly-traded companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Performant Financial earned a coverage optimism score of -2.7 on InfoTrie's scale. They also gave media headlines about the business services provider a news buzz of 0.0 out of 10, meaning that recent media coverage is extremely unlikely to have an impact on the stock's share price in the immediate future. View the latest news aboutPerformant Financial.

Are investors shorting Performant Financial?

Performant Financial saw a increase in short interest during the month of May. As of May 15th, there was short interest totaling 39,600 shares, an increase of 7.3% from the April 30th total of 36,900 shares. Based on an average trading volume of 97,900 shares, the days-to-cover ratio is currently 0.4 days. Currently, 0.1% of the shares of the stock are sold short. View Performant Financial's Current Options Chain.

Who are some of Performant Financial's key competitors?

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 NovaBay Pharmaceuticals (NBY), NovaBay Pharmaceuticals (NBY), Actinium Pharmaceuticals (ATNM), Opko Health (OPK), VBI Vaccines (VBIV), Ampio Pharmaceuticals (AMPE), Aphria (APHA), Accuray (ARAY), Bank of America (BAC) and Catalyst Biosciences (CBIO).

Who are Performant Financial's key executives?

Performant Financial's management team includes the following people:
  • Ms. Lisa C. Im, Chairman & CEO (Age 54)
  • Mr. Ian A. Johnston, VP, CAO & Acting Principal Financial Officer (Age 64)
  • Mr. Harold T. Leach Jr., Chief Compliance Officer (Age 61)
  • Mr. Simeon M. Kohl, VP of Healthcare & GM of Healthcare (Age 52)
  • Mr. Jeffrey Nelson C.F.A., C.F.P., Ph.D., VP of Technology

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 many different institutional and retail investors. Top institutional investors include Prescott Group Capital Management L.L.C. (23.28%). Company insiders that own Performant Financial stock include Prescott Group Capital Managem and Simeon Kohl. View institutional ownership trends for Performant Financial.

Which institutional investors are buying Performant Financial stock?

PFMT stock was acquired by a variety of institutional investors in the last quarter, including Prescott Group Capital Management L.L.C.. View insider buying and selling activity for Performant Financial.

How do I buy shares of Performant Financial?

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

What is Performant Financial's stock price today?

One share of PFMT stock can currently be purchased for approximately $0.72.

How big of a company is Performant Financial?

Performant Financial has a market capitalization of $38.96 million and generates $150.43 million in revenue each year. The business services provider earns $-26,820,000.00 in net income (profit) each year or ($0.40) on an earnings per share basis. Performant Financial employs 1,615 workers across the globe.

What is Performant Financial's official website?

The official website for Performant Financial is performantcorp.com.

How can I contact Performant Financial?

Performant Financial's mailing address is 333 North Cayons Parkway, Livermore CA, 94551. The business services provider can be reached via phone at 925-960-4800 or via email at [email protected]

This page was last updated on 5/26/2020 by MarketBeat.com Staff

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