Lisa Im Sells 180,867 Shares of Performant Healthcare, Inc. – Common Stock (NASDAQ:PHLT) Stock

Performant Healthcare, Inc. – Common Stock (NASDAQ:PHLT) Director Lisa Im sold 180,867 shares of the company’s stock in a transaction on Tuesday, June 3rd. The stock was sold at an average price of $3.25, for a total transaction of $587,817.75. Following the sale, the director now directly owns 1,229,413 shares of the company’s stock, valued at approximately $3,995,592.25. This trade represents a 12.82% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

Performant Healthcare, Inc. – Common Stock Stock Performance

Shares of Performant Healthcare, Inc. – Common Stock stock opened at $3.11 on Friday. The firm has a market cap of $243.54 million, a price-to-earnings ratio of -31.10 and a beta of 0.30. The firm has a 50-day moving average of $2.60. The company has a current ratio of 2.67, a quick ratio of 2.67 and a debt-to-equity ratio of 0.11. Performant Healthcare, Inc. – Common Stock has a 1 year low of $2.17 and a 1 year high of $4.35.

Performant Healthcare, Inc. – Common Stock (NASDAQ:PHLT) last issued its earnings results on Thursday, May 8th. The company reported $0.02 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.02) by $0.04. Performant Healthcare, Inc. – Common Stock had a negative net margin of 6.74% and a negative return on equity of 10.19%. The business had revenue of $33.27 million for the quarter, compared to analyst estimates of $29.92 million. On average, equities analysts predict that Performant Healthcare, Inc. – Common Stock will post -0.13 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Separately, B. Riley upgraded shares of Performant Healthcare, Inc. – Common Stock to a “strong-buy” rating in a report on Wednesday, March 12th.

Performant Healthcare, Inc. – Common Stock Company Profile

Performant Healthcare, Inc engages in the provision of technology-enabled audit, recovery, customer care, and related analytics services. Its services help identify improper payments, and in some markets, restructure and recover delinquent or defaulted assets and improper payments for both government and private clients.