Performant Financial (PFMT) Receiving Somewhat Positive News Coverage, Analysis Finds

News headlines about Performant Financial (NASDAQ:PFMT) have trended somewhat positive on Saturday, Accern Sentiment reports. The research group identifies positive and negative press coverage by monitoring more than 20 million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Performant Financial earned a coverage optimism score of 0.23 on Accern’s scale. Accern also gave news coverage about the business services provider an impact score of 46.4590817773187 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.

Shares of Performant Financial stock traded down $0.06 during mid-day trading on Friday, reaching $2.95. 12,708 shares of the stock were exchanged, compared to its average volume of 36,700. The stock has a market capitalization of $154.60, a P/E ratio of -15.53 and a beta of 1.16. The company has a quick ratio of 1.29, a current ratio of 1.29 and a debt-to-equity ratio of 0.48. Performant Financial has a fifty-two week low of $1.52 and a fifty-two week high of $3.52.

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Performant Financial (NASDAQ:PFMT) last announced its earnings results on Tuesday, March 6th. The business services provider reported $0.02 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.03) by $0.05. The business had revenue of $33.30 million during the quarter, compared to analysts’ expectations of $30.15 million. Performant Financial had a negative net margin of 9.64% and a negative return on equity of 11.97%. The firm’s revenue for the quarter was down 1.5% on a year-over-year basis. During the same quarter last year, the company posted ($0.03) EPS. equities analysts anticipate that Performant Financial will post -0.17 earnings per share for the current year.

PFMT has been the subject of a number of recent analyst reports. Compass Point upgraded shares of Performant Financial from a “neutral” rating to a “buy” rating in a research report on Friday, January 12th. TheStreet upgraded shares of Performant Financial from a “d” rating to a “c-” rating in a research report on Friday, March 9th. Finally, Zacks Investment Research upgraded shares of Performant Financial from a “sell” rating to a “hold” rating in a research report on Thursday, March 8th.

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About Performant Financial

Performant Financial Corporation provides technology-enabled audit, recovery, customer care, and related analytics services in the United States. The company offers recovery services primarily to the government-supported student loan industry, serving guaranty agencies, the Department of Education, and private financial institutions; and restructures and recovers student loans issued directly by banks to students outside of federal lending programs.

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