Performant Financial Corp (NASDAQ:PFMT) CEO Lisa Im sold 150,000 shares of the 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 transaction, the chief executive officer now owns 1,428,234 shares in the company, valued at $4,113,313.92. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

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 (PFMT) traded up $0.11 during trading on Tuesday, reaching $2.42. 685,280 shares of the company’s stock traded hands, compared to its average volume of 1,021,390. The stock has a market capitalization of $117.72, a price-to-earnings ratio of -4.75 and a beta of 1.08. Performant Financial Corp has a one year low of $1.50 and a one year high of $3.52. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.17 and a quick ratio of 1.17.

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

PFMT has been the topic of several recent analyst reports. Zacks Investment Research upgraded shares of Performant Financial from a “sell” rating to a “hold” rating in a research note on Wednesday, October 18th. ValuEngine upgraded shares of Performant Financial from a “sell” rating to a “hold” rating in a research note on Friday, December 1st. Finally, Compass Point upgraded shares of Performant Financial from a “neutral” rating to a “buy” rating in a research note on Friday.

Institutional investors and hedge funds have recently made changes to their positions in the company. Northern Trust Corp grew its position in shares of Performant Financial by 5.6% during the second quarter. Northern Trust Corp now owns 72,716 shares of the business services provider’s stock worth $152,000 after acquiring an additional 3,857 shares during the last quarter. Sterling Capital Management LLC grew its position in shares of Performant Financial by 2.0% during the second quarter. Sterling Capital Management LLC now owns 404,570 shares of the business services provider’s stock worth $846,000 after acquiring an additional 8,060 shares during the last quarter. Finally, 22NW LP grew its position in shares of Performant Financial by 2.5% during the third quarter. 22NW LP now owns 1,149,038 shares of the business services provider’s stock worth $2,091,000 after acquiring an additional 28,533 shares during the last quarter. Institutional investors and hedge funds own 54.48% of the company’s stock.

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Performant Financial Company Profile

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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