Media stories about Performant Financial Corporation (NASDAQ:PFMT) have been trending positive this week, according to Accern Sentiment Analysis. Accern identifies positive and negative press coverage by reviewing more than 20 million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Performant Financial Corporation earned a news sentiment score of 0.28 on Accern’s scale. Accern also assigned news headlines about the business services provider an impact score of 46.2723960743523 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.
Shares of Performant Financial Corporation (NASDAQ:PFMT) traded down 0.54% during mid-day trading on Tuesday, reaching $1.85. 39,212 shares of the company’s stock were exchanged. The stock has a 50-day moving average of $1.86 and a 200 day moving average of $2.02. Performant Financial Corporation has a one year low of $1.50 and a one year high of $4.07. The firm’s market capitalization is $93.97 million.
Performant Financial Corporation (NASDAQ:PFMT) last announced its quarterly earnings data on Tuesday, August 8th. The business services provider reported ($0.01) EPS for the quarter, beating the consensus estimate of ($0.02) by $0.01. The business had revenue of $35.90 million during the quarter, compared to analyst estimates of $32.65 million. Performant Financial Corporation had a negative return on equity of 6.81% and a negative net margin of 13.74%. The company’s revenue for the quarter was down 5.8% on a year-over-year basis. During the same quarter last year, the firm posted $0.06 earnings per share. On average, analysts forecast that Performant Financial Corporation will post ($0.09) EPS for the current fiscal year.
PFMT has been the subject of a number of recent research reports. ValuEngine lowered shares of Performant Financial Corporation from a “hold” rating to a “sell” rating in a research note on Thursday, July 6th. Zacks Investment Research lowered shares of Performant Financial Corporation from a “hold” rating to a “sell” rating in a research note on Tuesday, August 22nd.
About Performant Financial Corporation
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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