Price Action Don’t Lie: How Analysts Feel About Performant Financial Corp After Today’s Significant Increase?

Price Action Don't Lie: How Analysts Feel About Performant Financial Corp After Today's Significant Increase?

The stock of Performant Financial Corp (NASDAQ:PFMT) is a huge mover today! The stock increased 7.12% or $0.21 on October 3, hitting $3.16. About 58,881 shares traded hands or 4.91% up from the average. Performant Financial Corp (NASDAQ:PFMT) has risen 78.79% since February 29, 2016 and is uptrending. It has outperformed by 66.57% the S&P500.
The move comes after 6 months positive chart setup for the $151.86 million company. It was reported on Oct, 4 by Barchart.com. We have $6.95 PT which if reached, will make NASDAQ:PFMT worth $182.23M more.

Analysts await Performant Financial Corp (NASDAQ:PFMT) to report earnings on November, 2. They expect $-0.06 EPS, down 700.00% or $0.07 from last year’s $0.01 per share. After $0.05 actual EPS reported by Performant Financial Corp for the previous quarter, Wall Street now forecasts -220.00% negative EPS growth.

According to Zacks Investment Research, “Performant Financial Corporation is engaged in providing technology-enabled recovery and related analytics services in the United States. The company’s services help identify and recover delinquent or defaulted assets and improper payments for both government and private clients. Services offered by the company includes financial asset recovery, risk management, audit and recovery cost containment and fraud, waste and abuse marketplace. Performant provides its services on an outsourced basis. It provides services to clients in a range of different markets which includes student lending and healthcare, delinquent state taxes and federal Treasury and other receivables. Performant Financial Corporation is headquartered in Livermore, California.”

More recent Performant Financial Corp (NASDAQ:PFMT) news were published by: Globenewswire.com which released: “Performant Financial Corporation to Report Second Quarter Earnings on August 4 …” on July 27, 2016. Also Seekingalpha.com published the news titled: “Performant Financial Corp. (PFMT) CEO Lisa Im on Q2 2016 Results – Earnings …” on August 04, 2016. Quotes.Wsj.com‘s news article titled: “News Performant Financial Corp.PFMT” with publication date: August 08, 2012 was also an interesting one.

PFMT Company Profile

Performant Financial Corporation (Performant), incorporated on October 8, 2003, 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 Firm provides its services on an outsourced basis where the Company handles many or all aspects of its clients’ recovery processes. The Firm uses its technology-enabled services platform to provide recovery and analytics services in a range of markets for the identification and recovery of student loans, improper healthcare payments and delinquent state tax and federal treasury receivables.

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