Performant Financial Corp (NASDAQ:PFMT) CEO Lisa Im sold 150,000 shares of the firm’s stock in a transaction that occurred on Friday, January 12th. The shares were sold at an average price of $2.88, for a total transaction of $432,000.00. Following the completion of the sale, the chief executive officer now directly owns 1,428,234 shares in the company, valued at approximately $4,113,313.92. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Lisa Im also recently made the following trade(s):

  • On Monday, January 8th, Lisa Im sold 40,450 shares of Performant Financial stock. The shares were sold at an average price of $1.60, for a total transaction of $64,720.00.

Shares of Performant Financial Corp (NASDAQ PFMT) traded up $0.11 during trading hours on Tuesday, reaching $2.42. 685,280 shares of the company traded hands, compared to its average volume of 1,021,390. The firm has a market capitalization of $117.72, a PE ratio of -4.75 and a beta of 1.08. Performant Financial Corp has a 52-week low of $1.50 and a 52-week high of $3.52. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 0.49.

Performant Financial (NASDAQ:PFMT) last issued its earnings results on Tuesday, November 7th. The business services provider reported ($0.13) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.05) by ($0.08). The firm had revenue of $29.70 million during the quarter, compared to analyst estimates of $31.45 million. Performant Financial had a negative net margin of 19.27% and a negative return on equity of 15.46%. The firm’s revenue was down 4.8% compared to the same quarter last year. During the same period last year, the business earned $0.02 EPS. research analysts predict that Performant Financial Corp will post -0.25 EPS for the current fiscal year.

Several analysts recently weighed in on PFMT shares. Compass Point raised shares of Performant Financial from a “neutral” rating to a “buy” rating in a report on Friday. Zacks Investment Research raised shares of Performant Financial from a “sell” rating to a “hold” rating in a report on Wednesday, October 18th. Finally, ValuEngine raised shares of Performant Financial from a “sell” rating to a “hold” rating in a report on Friday, December 1st.

Institutional investors have recently made changes to their positions in the business. Northern Trust Corp increased its stake in Performant Financial by 5.6% in the second 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 during the last quarter. Sterling Capital Management LLC increased its stake in Performant Financial by 2.0% in the second 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 during the last quarter. Finally, 22NW LP increased its stake in Performant Financial by 2.5% in the third 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 during the last quarter. Institutional investors own 54.48% of the company’s stock.

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About Performant Financial

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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