Somewhat Favorable News Coverage Somewhat Unlikely to Affect Performant Financial (PFMT) Stock Price

Media coverage about Performant Financial (NASDAQ:PFMT) has been trending somewhat positive on Friday, Accern Sentiment Analysis reports. The research group rates the sentiment of press coverage by reviewing more than 20 million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Performant Financial earned a news impact score of 0.13 on Accern’s scale. Accern also assigned media headlines about the business services provider an impact score of 44.7792893041273 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the near term.

Here are some of the media headlines that may have impacted Accern’s rankings:

Shares of Performant Financial (NASDAQ PFMT) opened at $2.51 on Friday. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 0.49. The firm has a market cap of $120.78, a price-to-earnings ratio of -5.02 and a beta of 1.08. Performant Financial has a twelve month low of $1.50 and a twelve month high of $3.52.

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

Several research firms have weighed in on PFMT. Compass Point upgraded shares of Performant Financial from a “neutral” rating to a “buy” rating in a report on Friday, January 12th. Zacks Investment Research upgraded shares of Performant Financial from a “strong sell” rating to a “hold” rating in a report on Wednesday, January 10th. Finally, ValuEngine upgraded shares of Performant Financial from a “sell” rating to a “hold” rating in a report on Friday, December 1st.

In other Performant Financial news, CEO Lisa Im sold 150,000 shares of the stock in a transaction on Friday, January 12th. The shares were sold at an average price of $2.88, for a total value of $432,000.00. Following the sale, the chief executive officer now directly owns 1,428,234 shares in the company, valued at $4,113,313.92. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 33.60% 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.

Insider Buying and Selling by Quarter for Performant Financial (NASDAQ:PFMT)

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