Performant Financial (PFMT) Scheduled to Post Quarterly Earnings on Tuesday

Performant Financial (NASDAQ:PFMT – Get Rating) will release its earnings data after the market closes on Tuesday, March 14th. Investors that are interested in participating in the company’s conference call can do so using this link.

Performant Financial Stock Down 3.0 %

NASDAQ PFMT opened at $3.19 on Friday. The company has a current ratio of 4.22, a quick ratio of 4.22 and a debt-to-equity ratio of 0.22. The company has a market cap of $236.95 million, a price-to-earnings ratio of -26.58 and a beta of -0.39. The company has a 50 day moving average of $3.35 and a 200-day moving average of $2.64. Performant Financial has a 1-year low of $1.72 and a 1-year high of $3.97.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Bank of New York Mellon Corp boosted its stake in shares of Performant Financial by 11.9% in the 3rd quarter. Bank of New York Mellon Corp now owns 63,198 shares of the business services provider’s stock valued at $117,000 after purchasing an additional 6,727 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in Performant Financial by 4.6% in the first quarter. Dimensional Fund Advisors LP now owns 255,499 shares of the business services provider’s stock valued at $795,000 after buying an additional 11,317 shares in the last quarter. State Street Corp grew its stake in shares of Performant Financial by 9.9% during the first quarter. State Street Corp now owns 148,208 shares of the business services provider’s stock worth $461,000 after buying an additional 13,300 shares during the last quarter. Citigroup Inc. acquired a new position in shares of Performant Financial during the fourth quarter worth $53,000. Finally, Shay Capital LLC lifted its stake in shares of Performant Financial by 59.0% in the 1st quarter. Shay Capital LLC now owns 40,033 shares of the business services provider’s stock valued at $125,000 after acquiring an additional 14,853 shares during the last quarter. Institutional investors own 64.79% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently weighed in on the company. TheStreet upgraded Performant Financial from a “d+” rating to a “c-” rating in a research report on Wednesday, December 28th. StockNews.com raised shares of Performant Financial from a “sell” rating to a “hold” rating in a report on Monday, November 21st. Finally, Lake Street Capital reaffirmed a “buy” rating and set a $8.00 price target on shares of Performant Financial in a report on Tuesday, December 20th.

Performant Financial Company Profile

(Get Rating)

Performant 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.