Performant Financial Corp. (NASDAQ:PFMT) shares rose 8% during mid-day trading on Monday . The company traded as high as $2.07 and last traded at $2.02, with a volume of 111,672 shares changing hands. The stock had previously closed at $1.87.

PFMT has been the subject of a number of research analyst reports. Zacks Investment Research raised Performant Financial Corp. from a “hold” rating to a “buy” rating and set a $2.00 price target for the company in a report on Friday, April 22nd. Goldman Sachs Group Inc. cut their price target on Performant Financial Corp. from $8.00 to $7.00 and set a “neutral” rating for the company in a report on Monday, March 28th.

The stock has a market capitalization of $101.49 million and a PE ratio of 39.80. The firm has a 50 day moving average of $1.70 and a 200 day moving average of $1.72.

Performant Financial Corp. (NASDAQ:PFMT) last posted its quarterly earnings data on Wednesday, May 4th. The company reported $0.04 earnings per share for the quarter, topping the consensus estimate of ($0.01) by $0.05. During the same quarter in the previous year, the business earned ($0.01) EPS. The firm had revenue of $38.30 million for the quarter, compared to the consensus estimate of $36.01 million. The firm’s quarterly revenue was down .8% on a year-over-year basis. Equities analysts anticipate that Performant Financial Corp. will post $0.01 earnings per share for the current fiscal year.

A hedge fund recently raised its stake in Performant Financial Corp. stock. Dimensional Fund Advisors LP increased its stake in Performant Financial Corp. (NASDAQ:PFMT) by 3.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor 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 approximately 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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