Shares of Performant Financial Corp. (NASDAQ:PFMT) saw unusually-high trading volume on Monday . Approximately 107,477 shares traded hands during trading, an increase of 101% from the previous session’s volume of 53,449 shares.The stock last traded at $2.19 and had previously closed at $2.14.

Separately, Zacks Investment Research upgraded shares of Performant Financial Corp. from a “hold” rating to a “buy” rating and set a $2.00 target price for the company in a research report on Friday, April 22nd.

The stock’s 50 day moving average price is $1.87 and its 200-day moving average price is $1.75. The firm has a market cap of $106.99 million and a P/E ratio of 41.96.

Performant Financial Corp. (NASDAQ:PFMT) last announced its earnings results on Thursday, August 4th. The company reported $0.06 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.01) by $0.07. During the same period last year, the firm earned $0.05 EPS. The business had revenue of $38.10 million for the quarter, compared to analyst estimates of $41.30 million. The company’s revenue for the quarter was down 7.7% compared to the same quarter last year. On average, analysts forecast that Performant Financial Corp. will post $0.01 EPS for the current year.

A hedge fund recently raised its stake in Performant Financial Corp. stock. Dimensional Fund Advisors LP raised its stake in Performant Financial Corp. (NASDAQ:PFMT) by 3.4% during the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 1,126,631 shares of the company’s stock after buying an additional 36,569 shares during the period. Dimensional Fund Advisors LP owned about 2.28% of Performant Financial Corp. worth $2,017,000 as of its most recent filing with the SEC.

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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