Performant Financial Corporation (PFMT) Getting Somewhat Positive Media Coverage, Study Shows
Press coverage about Performant Financial Corporation (NASDAQ:PFMT) has been trending somewhat positive this week, Accern Sentiment reports. The research firm identifies positive and negative press coverage by monitoring more than twenty million blog and news sources in real time. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Performant Financial Corporation earned a news sentiment score of 0.09 on Accern’s scale. Accern also assigned press coverage about the business services provider an impact score of 48.0437299551746 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.
Performant Financial Corporation (NASDAQ:PFMT) traded down 1.12% during mid-day trading on Thursday, reaching $1.77. 4,633 shares of the company were exchanged. Performant Financial Corporation has a one year low of $1.50 and a one year high of $4.07. The company’s market capitalization is $89.91 million. The stock has a 50-day moving average price of $1.88 and a 200 day moving average price of $2.05.
Performant Financial Corporation (NASDAQ:PFMT) last posted its earnings results on Tuesday, August 8th. The business services provider reported ($0.01) earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.02) by $0.01. The business had revenue of $35.90 million for the quarter, compared to analysts’ expectations of $32.65 million. Performant Financial Corporation had a negative net margin of 13.74% and a negative return on equity of 6.81%. The business’s revenue for the quarter was down 5.8% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.06 EPS. Analysts predict that Performant Financial Corporation will post ($0.08) EPS for the current year.
A number of analysts recently issued reports on PFMT shares. Zacks Investment Research upgraded shares of Performant Financial Corporation from a “sell” rating to a “hold” rating in a report on Tuesday, May 30th. ValuEngine upgraded shares of Performant Financial Corporation from a “sell” rating to a “hold” rating in a report on Wednesday, May 17th.
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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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