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Tuesday, January 31, 2023

The Question Is Whether To Buy Or Not To Buy Performant Financial Corporation (NASDAQ: PFMT)

After Hours

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. After-hours trades for Performant Financial Corporation (PFMT) shows that investor sentiment remained same, with the stock’s consolidated last price remained same to $3.35. The Performant Financial Corporation has recorded 160 volume in the after hours trading session. The stock was recently discussed on Yahoo Finance as it revealed that Performant and CAQH Announce Strategic Partnership.

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Stocks Info

Performant Financial Corporation is listed on the NASDAQ as a member of the Industrials sector and is a part of the Specialty Business Services industry. At the end of the last regular session, the stock closed at $3.35 and fluctuated between $3.3800 as its day high and $3.1100 as its day low. The current market capitalization of Performant Financial Corporation is $257.41M. A total of 1.47 million shares were traded on the day, compared to an average of 191.74K shares.

Insider Activity

Additionally, investors take into account insider trades when predicting how a stock will perform. During the recent three months, PFMT has seen 0 BUY and 0 SELL insider trades, representing the acquisition of 0 and the disposition of 0 shares. Over the last 12 months, there were 14 BUYs and 17 SELLs from insiders. Insiders purchased 1,566,469 shares during that period but sold 434,760.

In the most recent transaction, PRESCOTT GROUP CAPITAL MANAGEM bought 100,000 shares of PFMT for 2.84 per share on Mar 25. After the transaction, the 10% Owner now owns 15,454,704 company shares. In a previous transaction on Mar 16, ECMC Group, Inc. sold 194,334 shares at 2.27 per share. PFMT shares that 10% Owner owns now total 2,044,881.

Among the insiders who sold shares, ECMC Group, Inc. disposed of 24,229 shares on Mar 07 at a per-share price of $2.00. This resulted in the 10% Owner holding 2,239,215 shares of PFMT after the transaction. In another insider transaction, ECMC Group, Inc. sold 17,219 shares at $2.01 per share on Mar 04. Company shares held by the 10% Owner now total 2,263,444.

Though price targets are rarely accurate, they can exert some influence from time to time and were often accepted as valuable by the market. According to analysts who have offered 12-month price targets for PFMT in the last 3 months, the mean price target is $7.50 with high estimates of $8.00 and low estimates of $7.00. In terms of 52-week highs and lows, PFMT has a high of $3.97 and a low of $1.72.

As of this writing, PFMT has an earnings estimate of -$0.03 per share for the current quarter. EPS was calculated based on a consensus of 2 estimates, with a high estimate of -$0.03 per share and a lower estimate of -$0.04. The company reported an EPS of -$0.02 in the last quarter, which was 75.00% higher than expectations of -$0.08.

Balance Sheet Annually/Quarterly

A balance sheet is a report that shows the company’s assets and liabilities. In addition, it shows how much equity investors have invested in the company. Investors can determine the company’s prospects by calculating its financial ratios based on this information.

Analysts Opinion

It may be riskier to trade before market opening and after market closing than during regular market hours. Since issuers often announce critical financial information outside regular trading hours. Extended-hours trading may result in wider spreads for particular securities due to lower liquidity and higher volatility. Currently, 2 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for PFMT is Buy with a score of 5.00. A total of 2 analysts rated the stock as Buy while 0 rated it as Overweight while 0 rated it as Hold. Among the other participants, 0 thought the stock was Underweight and 0 thought it should be Sold.

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