Stock Price
P/E Ratio
Volume Traded Today
Dividend
52 Week High/low
Performant Financial Corp Market Cap
The Performant Financial Corp (PFMT) share price is expected to increase by 108.42% over the next year. This is based on calculating the average 12-month share price estimate provided by 2 stock analysts who have covered PFMT. Price targets range from $7 at the low end to $8 at the high end. The current analyst consensus for PFMT is a hold. Please note analyst price targets are not guaranteed and could be missed completely.
PFMT is a stock in Industrials which has been forecasted to be worth $7.67 as an average. On the higher end, the forecast price is $8 USD by from Credit Suisse and on the lower end PFMT is forecasted to be $7 by from .
These are the latest 20 analyst ratings of PFMT.
|
Analyst/Firm |
Rating |
Price Target |
Change |
Date |
|---|---|---|---|---|
| Kyle Bauser B. Riley Securities | Buy | $8 | Initiates | Jul 25, 2024 |
| Jacob Stephan Lake Street | Buy | $8 | Assumes | Dec 20, 2022 |
| George Sutton Craig-Hallum | Buy | $10 | Initiates | Jul 7, 2021 |
Colliers Securities | Buy | Initiates | Jun 4, 2021 | |
Compass Point | Buy | Upgrade | Jan 12, 2018 | |
Compass Point | Neutral | Downgrade | Dec 12, 2016 | |
Compass Point | Neutral | Downgrade | Feb 27, 2015 | |
Macquarie | Neutral | Initiates | Nov 25, 2014 | |
Morgan Stanley | Equal-Weight | $9 | Downgrade | Nov 10, 2014 |
William Blair | Market Perform | Downgrade | Nov 7, 2014 | |
Compass Point | Buy | $11 | Maintains | Oct 8, 2014 |
SunTrust Robinson Humphrey | Buy | Maintains | Jun 12, 2014 | |
SunTrust Robinson Humphrey | Buy | $11.75 | Maintains | Jun 11, 2014 |
Compass Point | Buy | $11 | Maintains | Feb 28, 2014 |
Morgan Stanley | Overweight | $12 | Maintains | Feb 28, 2014 |
Credit Suisse | Neutral | $8 | Downgrade | Feb 28, 2014 |
SunTrust Robinson Humphrey | Buy | $10 | Upgrade | Feb 28, 2014 |
Wells Fargo | Market Perform | Downgrade | Feb 21, 2014 | |
Compass Point | Buy | $13 | Maintains | Jan 21, 2014 |
Compass Point | Buy | $14 | Maintains | Oct 4, 2013 |
When did it IPO
2012
Staff Count
958
Country
United States
Sector/Industry
Industrials/Specialty Business Services
CEO
Mr. Simeon M. Kohl
Market Cap
$276.3M
In 2023, PFMT generated $113.7M in revenue, which was a increase of 4.18% from the previous year. This can be seen as a signal that PFMT's business is growing, and its share price could be worth more in the future. However, if the company grows faster (or slower) than expected, this could also have a major impact on the future share price.
Revenue From 2020
Revenue From 2021
Revenue From 2022
Revenue From 2023
Thu, 05 Sep 2024
Sentiment - NEUTRAL
Source - Business Wire
Summary - Performant Financial Corporation has received a tentative award for the New York State Medicaid Recovery Audit Contractor contract, which could span up to five years.
Why It Matters - The tentative award of a five-year Medicaid RAC contract enhances Performant Financial's revenue prospects and market position, potentially driving stock performance and investor interest.
Thu, 22 Aug 2024
Sentiment - NEUTRAL
Source - Business Wire
Summary - Performant Financial Corporation (Nasdaq: PFMT) will attend the Wells Fargo Healthcare Conference on September 4 and Lake Street Capital Markets on September 12, hosting investor meetings.
Why It Matters - Performant Financial's participation in key investor conferences signals potential growth opportunities and increased visibility, which could influence stock performance and investor sentiment.
Wed, 14 Aug 2024
Sentiment - NEUTRAL
Source - Accesswire
Summary - Performant Financial Corporation (NASDAQ:PFMT) specializes in healthcare payment integrity services, leveraging technology to prevent improper payments. They will hold 1-on-1 meetings and a presentation.
Why It Matters - Performant Financial's focus on healthcare payment integrity highlights growth potential in a critical sector, attracting investor interest in its technology-driven solutions and market positioning.
Tue, 13 Aug 2024
Sentiment - POSITIVE
Source - Seeking Alpha
Summary - Performant Financial Corporation's Q2 2024 results exceeded expectations, with positive adjusted EBITDA and $3.7 million in free cash flow, though upcoming elections may impact its government segment.
Why It Matters - Performant Financial's strong Q2 results and positive free cash flow indicate solid performance, but election-related headwinds may impact future growth in its government sector.
Wed, 07 Aug 2024
Sentiment - NEUTRAL
Source - Seeking Alpha
Summary - Performant Financial Corporation (NASDAQ: PFMT) will discuss its Q2 2024 results on August 7, 2024, at 5:00 PM ET, with key executives and analysts participating.
Why It Matters - Performant Financial's Q2 2024 results provide insights into its financial health and growth trajectory, influencing market sentiment and investment decisions.
Wed, 07 Aug 2024
Sentiment - NEUTRAL
Source - Business Wire
Summary - Performant Financial Corporation reported Q2 2024 healthcare revenues of $27.9 million, up 17% year-over-year, with total revenues of $29.4 million, compared to $25.5 million last year.
Why It Matters - Performant Financial's revenue growth signals strong performance in healthcare services, which could indicate increased market demand and potential for future profitability, impacting stock valuation positively.
The information that Ticker Nerd provides is general in nature as it has been prepared without taking account of your objectives, financial situation or needs. It is not intended as legal, financial or investment advice and should not be construed or relied on as such. Ticker Nerd is for information purposes only. Ticker Nerd is not responsible for any damages or losses that may occur as a result of reliance on this information. Before making any commitment of a legal or financial nature you should seek advice from a qualified and registered legal practitioner or financial or investment adviser. All content, group, messaging, tweets, newsletter, article, and email created by Ticker Nerd is intended for educational and information purposes only, is not financial, investment, legal or tax advice, and is a restatement, summary or extract of other data and research reports that are widely distributed from sources such as, but not limited to, Bloomberg, Market Watch, Wall Street Journal, Google Finance, and Yahoo Finance. Ticker Nerd is not a registered financial, investment, legal or tax advisor and is not liable for any financial loss you may incur acting on any information provided by Ticker Nerd. By registering, you agree not to hold Ticker Nerd liable at any time or under any circumstances for your decisions, actions, or results.
