Performant Financial (NASDAQ:PFMT) was upgraded by research analysts at Compass Point from a “neutral” rating to a “buy” rating in a research report issued on Friday, January 12th, MarketBeat Ratings reports.
PFMT has been the subject of a number of other research reports. Zacks Investment Research raised shares of Performant Financial from a “sell” rating to a “hold” rating in a research note on Wednesday, October 18th. ValuEngine upgraded shares of Performant Financial from a “sell” rating to a “hold” rating in a research report on Friday, December 1st.
Shares of Performant Financial (PFMT) traded down $0.04 during trading hours on Friday, reaching $2.55. 142,878 shares of the company were exchanged, compared to its average volume of 527,057. Performant Financial has a 1 year low of $1.50 and a 1 year high of $3.52. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 0.49. The company has a market capitalization of $129.95, a PE ratio of -5.00 and a beta of 1.39.
In other Performant Financial news, CEO Lisa Im sold 150,000 shares of the stock in a transaction that occurred on Friday, January 12th. The shares were sold at an average price of $2.88, for a total value of $432,000.00. Following the completion of the sale, the chief executive officer now owns 1,428,234 shares in the company, valued at approximately $4,113,313.92. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 33.60% of the stock is owned by corporate insiders.
Several institutional investors have recently added to or reduced their stakes in the company. 22NW LP raised its holdings in shares of Performant Financial by 2.5% during the 3rd quarter. 22NW LP now owns 1,149,038 shares of the business services provider’s stock valued at $2,091,000 after purchasing an additional 28,533 shares in the last quarter. Sterling Capital Management LLC raised its holdings in shares of Performant Financial by 2.0% during the 2nd quarter. Sterling Capital Management LLC now owns 404,570 shares of the business services provider’s stock valued at $846,000 after purchasing an additional 8,060 shares in the last quarter. Finally, Northern Trust Corp raised its holdings in shares of Performant Financial by 5.6% during the 2nd quarter. Northern Trust Corp now owns 72,716 shares of the business services provider’s stock valued at $152,000 after purchasing an additional 3,857 shares in the last quarter. Institutional investors and hedge funds own 54.48% of the company’s stock.
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Performant Financial Company Profile
Performant Financial Corporation (Performant) provides technology-enabled recovery and related analytics services in the United States. The Company’s services identify and recover delinquent or defaulted assets and improper payments for both government and private clients in a range of markets. The Company provides its services on an outsourced basis where the Company handles many or all aspects of its clients’ recovery processes.
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