NASDAQ
PFMT

Performant Financial Corporation

Specialty Business Services
Industrials

Prices are adjusted according to historical splits.

Performant Financial Corporation Stock Price

Vitals

Today's Low:
$2.34
Today's High:
$2.44
Open Price:
$2.39
52W Low:
$1.72
52W High:
$3.97
Prev. Close:
$2.38
Volume:
67174

Company Statistics

Market Cap.:
$181.09 million
Book Value:
1.024
Revenue TTM:
$107.63 million
Operating Margin TTM:
-8.82%
Gross Profit TTM:
$23.87 million
Profit Margin:
-9.19%
Return on Assets TTM:
-5.39%
Return on Equity TTM:
-12.18%

Company Profile

Performant Financial Corporation had its IPO on 2012-08-10 under the ticker symbol PFMT.

The company operates in the Industrials sector and Specialty Business Services industry. Performant Financial Corporation has a staff strength of 1,023 employees.

Stock update

Shares of Performant Financial Corporation opened at $2.39 at the start of the last trading session i.e. 2023-09-12.

The stocks traded within a range of $2.34 - $2.44, and closed at $2.37.

This is a -0.42% slip from the previous day's closing price.

A total volume of 67,174 shares were traded at the close of the day’s session.

In the last one week, shares of Performant Financial Corporation have slipped by -2.87%.

Performant Financial Corporation's Key Ratios

Performant Financial Corporation has a market cap of $181.09 million, indicating a price to book ratio of 2.0895 and a price to sales ratio of 1.6851.

In the last 12-months Performant Financial Corporation’s revenue was $107.63 million with a gross profit of $23.87 million and an EBITDA of $-8121000. The EBITDA ratio measures Performant Financial Corporation's overall financial performance and is widely used to measure its profitability.

In the trailing 12-month period, Performant Financial Corporation’s operating margin was -8.82% while its return on assets stood at -5.39% with a return of equity of -12.18%.

In Q2, Performant Financial Corporation’s quarterly earnings growth was a positive 0% while revenue growth was a negative 0.8%.

Performant Financial Corporation’s PE and PEG Ratio

Forward PE
0
Trailing PE
0
PEG
-1

Its diluted EPS in the last 12-months stands at $-0.13 per share while it has a forward price to earnings multiple of 0 and a PEG multiple of -1. A low price to earnings ratio can mean the stock is attractively valued while a high ratio suggests the stock may be overvalued.

The PEG on the other hand provides a broader view compared to the P/E ratio and gives greater insight into Performant Financial Corporation’s profitability.

Performant Financial Corporation stock is trading at a EV to sales ratio of 1.5391 and a EV to EBITDA ratio of 55.2615. Its price to sales ratio in the trailing 12-months stood at 1.6851.

Performant Financial Corporation stock pays annual dividends of $0 per share, indicating a yield of 0% and a payout ratio of 0%.

Balance sheet and cash flow metrics

Total Assets
$100.60 million
Total Liabilities
$12.05 million
Operating Cash Flow
$-1430000.00
Capital Expenditure
$1.43 million
Dividend Payout Ratio
0%

Performant Financial Corporation ended 2024 with $100.60 million in total assets and $0 in total liabilities. Its intangible assets were valued at $100.60 million while shareholder equity stood at $77.92 million.

Performant Financial Corporation ended 2024 with $0 in deferred long-term liabilities, $12.05 million in other current liabilities, 7000.00 in common stock, $-65977000.00 in retained earnings and $47.37 million in goodwill. Its cash balance stood at $14.98 million and cash and short-term investments were $14.98 million. The company’s total short-term debt was $1,902,000 while long-term debt stood at $9.58 million.

Performant Financial Corporation’s total current assets stands at $40.96 million while long-term investments were $0 and short-term investments were $0. Its net receivables were $22.91 million compared to accounts payable of $1.20 million and inventory worth $81000.00.

In 2024, Performant Financial Corporation's operating cash flow was $-1430000.00 while its capital expenditure stood at $1.43 million.

Comparatively, Performant Financial Corporation paid $0 in dividends in 2024.

Other key metrics

Current Trading Price
$2.37
52-Week High
$3.97
52-Week Low
$1.72
Analyst Target Price
$7.5

Performant Financial Corporation stock is currently trading at $2.37 per share. It touched a 52-week high of $3.97 and a 52-week low of $3.97. Analysts tracking the stock have a 12-month average target price of $7.5.

Its 50-day moving average was $2.6 and 200-day moving average was $2.91 The short ratio stood at 9.66 indicating a short percent outstanding of 0%.

Around 1337.3% of the company’s stock are held by insiders while 6915.8% are held by institutions.

Frequently Asked Questions About Performant Financial Corporation

The stock symbol (also called stock or share ticker) of Performant Financial Corporation is PFMT

The IPO of Performant Financial Corporation took place on 2012-08-10

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About

Performant Financial Corporation provides technology-enabled audit, recovery, and analytics services in the United States. The company identifies improper payments resulting from incorrect coding, procedures that were not medically necessary, incomplete documentation, and claims submitted based on outdated fee schedules; and provides first party call center and other outsourced services. It also offers Performant Insight that provides various services, such as post- and pre-payment audit of healthcare claims, detection of fraud, waste and abuse of healthcare claims, coordination of benefits, and pharmacy fraud detection services. It provides services to government and commercial markets. The company was formerly known as DCS Holdings, Inc. and changed its name to Performant Financial Corporation in 2005. Performant Financial Corporation was founded in 1976 and is headquartered in Livermore, California.

Address

333 North Canyons Parkway, Livermore, CA, United States, 94551