Performant Financial Co. Expected to Post Q1 2025 Earnings of ($0.02) Per Share (NASDAQ:PFMT)

Performant Financial Co. (NASDAQ:PFMT) – Equities research analysts at B. Riley issued their Q1 2025 EPS estimates for shares of Performant Financial in a research report issued to clients and investors on Friday, October 4th. B. Riley analyst K. Bauser expects that the business services provider will post earnings of ($0.02) per share for the quarter. B. Riley has a “Buy” rating and a $8.00 price target on the stock. The consensus estimate for Performant Financial’s current full-year earnings is ($0.11) per share. B. Riley also issued estimates for Performant Financial’s Q2 2025 earnings at ($0.02) EPS, Q3 2025 earnings at $0.00 EPS and Q4 2025 earnings at $0.02 EPS.

Separately, Craig Hallum upgraded shares of Performant Financial to a “strong-buy” rating in a research report on Tuesday, October 1st.

Performant Financial Price Performance

Shares of PFMT stock opened at $3.53 on Monday. Performant Financial has a twelve month low of $2.00 and a twelve month high of $4.04. The company has a current ratio of 2.65, a quick ratio of 2.65 and a debt-to-equity ratio of 0.11. The company has a market capitalization of $272.48 million, a PE ratio of -39.22 and a beta of 0.13. The firm has a fifty day simple moving average of $3.62 and a 200-day simple moving average of $3.15.

Performant Financial (NASDAQ:PFMT) last posted its quarterly earnings results on Wednesday, August 7th. The business services provider reported ($0.04) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.05) by $0.01. The firm had revenue of $29.36 million during the quarter, compared to the consensus estimate of $28.20 million. Performant Financial had a negative return on equity of 8.11% and a negative net margin of 5.32%. During the same quarter in the previous year, the business earned ($0.05) earnings per share.

Hedge Funds Weigh In On Performant Financial

Several hedge funds have recently added to or reduced their stakes in PFMT. First Light Asset Management LLC raised its stake in Performant Financial by 8.7% during the 1st quarter. First Light Asset Management LLC now owns 10,515,127 shares of the business services provider’s stock worth $30,914,000 after buying an additional 845,017 shares during the period. Parkman Healthcare Partners LLC lifted its holdings in shares of Performant Financial by 21.7% in the fourth quarter. Parkman Healthcare Partners LLC now owns 1,580,865 shares of the business services provider’s stock valued at $4,940,000 after purchasing an additional 281,480 shares in the last quarter. HighMark Wealth Management LLC lifted its holdings in shares of Performant Financial by 61.6% in the first quarter. HighMark Wealth Management LLC now owns 725,550 shares of the business services provider’s stock valued at $2,133,000 after purchasing an additional 276,500 shares in the last quarter. Kent Lake Capital LLC bought a new stake in Performant Financial in the 1st quarter valued at approximately $588,000. Finally, Wellington Management Group LLP lifted its position in shares of Performant Financial by 22.4% in the fourth quarter. Wellington Management Group LLP now owns 1,046,100 shares of the business services provider’s stock worth $3,269,000 after purchasing an additional 191,100 shares in the last quarter. Institutional investors own 77.15% of the company’s stock.

About Performant Financial

Performant Financial Corporation provides technology-enabled audit, recovery, and analytics services in the United States. The company identifies improper payments resulting from incorrect coding, procedures that were not medically necessary, incomplete documentation or claims submitted based on outdated fee schedules, and coverage discrepancies; and provides first party call center and other outsourced services.