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Performant Financial Corp. (NASDAQ:PFMT) was downgraded by stock analysts at Goldman Sachs Group Inc. from a “buy” rating to a “neutral” rating in a report issued on Thursday, reports.

Performant Financial Corp. (NASDAQ:PFMT) traded down 7.85% during mid-day trading on Thursday, hitting $8.80. 1,619,301 shares of the company’s stock traded hands. Performant Financial Corp. has a one year low of $8.42 and a one year high of $14.09. The stock’s 50-day moving average is $10.44 and its 200-day moving average is $10.49. The company has a market cap of $423.8 million and a P/E ratio of 13.64.

In other Performant Financial Corp. news, Insider Jon Shaver sold 22,000 shares of the stock on the open market in a transaction dated Thursday, January 9th. The shares were sold at an average price of $11.09, for a total value of $243,980.00. Following the completion of the transaction, the insider now directly owns 338,987 shares in the company, valued at approximately $3,759,366. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

Performant Financial Corporation (NASDAQ:PFMT) provide technology-enabled recovery and related analytics services in the United States.

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