Insider Selling: Harold Leach, Jr. Unloads 45,538 Shares of Performant Financial Corp Stock (PFMT)
Performant Financial Corp (NASDAQ:PFMT) COO Harold Leach, Jr. unloaded 45,538 shares of the stock on the open market in a transaction that occurred on Tuesday, July 8th. The shares were sold at an average price of $10.52, for a total transaction of $479,059.76. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
A number of research firms have recently commented on PFMT. Analysts at Compass Point raised their price target on shares of Performant Financial Corp from $11.00 to $12.00 in a research note on Tuesday. They now have a “buy” rating on the stock. Separately, analysts at SunTrust reiterated a “buy” rating on shares of Performant Financial Corp in a research note on Wednesday, June 11th. They now have a $11.75 price target on the stock, up previously from $10.75. Finally, analysts at TheStreet upgraded shares of Performant Financial Corp from a “sell” rating to a “hold” rating in a research note on Thursday, June 5th. Three equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The stock has a consensus rating of “Buy” and an average price target of $11.19.
Performant Financial Corp (NASDAQ:PFMT) remained flat at $10.49 during during mid-day trading trading on Tuesday. The stock had a trading volume of 314,026 shares. Performant Financial Corp has a 1-year low of $7.11 and a 1-year high of $12.01. The stock’s 50-day moving average is $9.74 and its 200-day moving average is $9.03. The company has a market cap of $508.3 million and a price-to-earnings ratio of 12.67.
Performant Financial Corp (NASDAQ:PFMT) last posted its quarterly earnings results on Thursday, May 8th. The company reported $0.15 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.14 by $0.01. The company had revenue of $58.60 million for the quarter, compared to the consensus estimate of $56.73 million. The company’s quarterly revenue was up 18.6% on a year-over-year basis. Analysts expect that Performant Financial Corp will post $0.43 EPS for the current fiscal year.
Performant Financial Corporation (NASDAQ:PFMT) provide technology-enabled recovery and related analytics services in the United States.
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