Performant Financial Corporation (NASDAQ:PFMT) Receiving Positive Press Coverage, Report Finds

News coverage about Performant Financial Corporation (NASDAQ:PFMT) has trended positive this week, Accern Sentiment Analysis reports. The research group identifies negative and positive press coverage by monitoring more than 20 million blog and news sources in real time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Performant Financial Corporation earned a media sentiment score of 0.29 on Accern’s scale. Accern also gave news headlines about the business services provider an impact score of 0 out of 100, indicating that recent press coverage is extremely unlikely to have an effect on the company’s share price in the immediate future.

PFMT has been the subject of several research reports. Zacks Investment Research downgraded Performant Financial Corporation from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, May 3rd. ValuEngine raised Performant Financial Corporation from a “sell” rating to a “hold” rating in a research note on Wednesday, May 17th.

Performant Financial Corporation (PFMT) remained flat at $2.00 on Tuesday. The company’s stock had a trading volume of 9,961 shares. Performant Financial Corporation has a 52-week low of $1.50 and a 52-week high of $4.07. The stock’s market cap is $101.00 million. The company’s 50 day moving average is $1.98 and its 200-day moving average is $2.07.

Performant Financial Corporation (NASDAQ:PFMT) last announced its earnings results on Tuesday, August 8th. The business services provider reported ($0.01) earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of ($0.01). Performant Financial Corporation had a negative return on equity of 2.78% and a negative net margin of 10.64%. The business had revenue of $35.90 million during the quarter, compared to analysts’ expectations of $32.65 million. During the same quarter last year, the business posted $0.06 earnings per share. The company’s quarterly revenue was down 5.8% on a year-over-year basis. Analysts anticipate that Performant Financial Corporation will post ($0.06) earnings per share for the current year.

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Performant Financial Corporation 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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