Performant Financial (PFMT) Stock Price, News & Analysis

Company Overview

Performant Financial Corporation provides technology-enabled audit, recovery, and analytics services in the United States. The company identifies improper payments resulting from incorrect coding, procedures that were not medically necessary, incomplete documentation or claims submitted based on outdated fee schedules, and coverage discrepancies; and provides first party call center and other outsourced services. The company also offers Performant Insight that provides various services, such as post- and pre-payment audit of healthcare claims, detection of fraud, waste and abuse of healthcare claims, coordination of benefits, and pharmacy fraud detection services. It offers services to government and commercial healthcare markets. 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 Plantation, Florida.

Key Stats

• Today's Range: $2.90 to $3.06
• 50-Day Range: $2.92 to $4.28
• 52-Week Range: $2.37 to $4.35
• Volume: 79,732 shs
• Average Volume: 176,364 shs
• Market Capitalization: $228.61 million
• P/E Ratio: N/A
• Dividend Yield: N/A
• Price Target: $7.00
• Consensus Rating: Strong Buy

Performant Financial Stock Analysis - MarketRank™

Performant Financial scored higher than 49% of companies evaluated by MarketBeat, and ranked 183rd out of 328 stocks in the business services sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 3.8 / 5
• Analyst Rating: Strong Buy

Consensus Rating

Performant Financial has received a consensus rating of Strong Buy. The company's average rating score is 3.50, and is based on 1 buy rating, no hold ratings, and no sell ratings.

Amount of Analyst Coverage

Performant Financial has only been the subject of 2 research reports in the past 90 days.

Earnings and Valuation

• Score: 0.6 / 5
• Proj. Earnings Growth: Growing

Earnings Growth

Earnings for Performant Financial are expected to grow in the coming year, from ($0.13) to ($0.06) per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Performant Financial is -29.20, 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. Sector

The P/E ratio of Performant Financial is -29.20, 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 Ratio

Performant Financial has a P/B Ratio of 3.04. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

Short Interest

• Score: 2.0 / 5
• Short Interest Level: Bearish

Percentage of Shares Shorted

1.39% of the outstanding shares of Performant Financial have been sold short.

Short Interest Ratio / Days to Cover

Performant Financial has a short interest ratio ("days to cover") of 7.6.

Change versus previous month

Short interest in Performant Financial has recently increased by 4.81%, indicating that investor sentiment is decreasing.

Dividend

• Score: 0.0 / 5
• Dividend Strength: N/A

Dividend Yield

Performant Financial does not currently pay a dividend.

Dividend Growth

Performant Financial does not have a long track record of dividend growth.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Percentage of Shares Shorted

1.39% of the outstanding shares of Performant Financial have been sold short.

Short Interest Ratio / Days to Cover

Performant Financial has a short interest ratio ("days to cover") of 7.6.

Change versus previous month

Short interest in Performant Financial has recently increased by 4.81%, indicating that investor sentiment is decreasing.

News and Social Media

• Score: N/A
• News Sentiment: N/A

Company Ownership

• Score: 1.7 / 5
• Insider Trading: N/A

Insider Buying vs. Insider Selling

In the past three months, Performant Financial insiders have not sold or bought any company stock.

Percentage Held by Insiders

Only 9.20% of the stock of Performant Financial is held by insiders.

Percentage Held by Institutions

77.15% of the stock of Performant Financial is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

PFMT Stock Analysis - Frequently Asked Questions

How have PFMT shares performed this year?

Performant Financial's stock was trading at $3.13 at the start of the year. Since then, PFMT stock has decreased by 6.7% and is now trading at $2.92.
View the best growth stocks for 2024 here.

How were Performant Financial's earnings last quarter?

Performant Financial Co. (NASDAQ:PFMT) released its earnings results on Wednesday, November, 6th. The business services provider reported ($0.03) EPS for the quarter, meeting analysts' consensus estimates of ($0.03). The business services provider had revenue of $31.52 million for the quarter, compared to analysts' expectations of $31.70 million. Performant Financial had a negative trailing twelve-month return on equity of 10.19% and a negative net margin of 6.74%.

Who are Performant Financial's major shareholders?

Top institutional shareholders of Performant Financial include Mirador Capital Partners LP (2.68%), Geode Capital Management LLC (2.08%), Parkman Healthcare Partners LLC (1.84%) and State Street Corp (1.41%). Insiders that own company stock include Prescott Group Capital Managem and Ecmc Group, Inc.
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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of Performant Financial own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Performant Financial investors own include Tesla (TSLA), Advanced Micro Devices (AMD), Meta Platforms (META), JPMorgan Chase & Co. (JPM), NVIDIA (NVDA), Home Depot (HD) and Netflix (NFLX).

Company Calendar

• Last Earnings: 11/06/2024
• Today: 11/21/2024
• Fiscal Year End: 12/31/2024
• Next Earnings (Estimated): 3/11/2025

Industry, Sector and Symbol

• Stock Exchange: NASDAQ
• Sector: Business Services
• Industry: Miscellaneous business services
• Sub-Industry: Diversified Support Services
• Current Symbol: NASDAQ:PFMT
• CUSIP: 71377E10
• CIK: 1550695
• Web: performantcorp.com
• Phone: (925) 960-4800
• Fax: 925-960-4880
• Employees: 930
• Year Founded: 1976

Price Target and Rating

• Average Stock Price Target: $7.00
• High Stock Price Target: $7.00
• Low Stock Price Target: $7.00
• Potential Upside/Downside: +139.7%
• Consensus Rating: Strong Buy
• Rating Score (0-4): 3.50
• Research Coverage: 2 Analysts

Profitability

• EPS (Most Recent Fiscal Year): ($0.10)
• Trailing P/E Ratio: N/A
• Forward P/E Ratio: N/A
• P/E Growth: N/A
• Net Income: $-7,520,000.00
• Net Margins: -6.74%
• Pretax Margin: -6.68%
• Return on Equity: -10.19%
• Return on Assets: -7.83%

Debt

• Debt-to-Equity Ratio: 0.11
• Current Ratio: 2.67
• Quick Ratio: 2.67

Sales & Book Value

• Annual Sales: $113.74 million
• Price / Sales: 2.01
• Cash Flow: N/A
• Price / Cash Flow: N/A
• Book Value: $0.96 per share
• Price / Book: 3.04

Miscellaneous

• Outstanding Shares: 78,290,000
• Free Float: 71,088,000
• Market Cap: $228.61 million
• Optionable: Optionable
• Beta: 0.14