Lake Street analyst Jacob Stephan maintained a Buy rating on Performant Financial (PFMT – Research Report) today and set a price target of $8.00. The company’s shares closed yesterday at $2.84.
According to TipRanks, Stephan is a 4-star analyst with an average return of 10.6% and a 58.62% success rate. Stephan covers the Technology sector, focusing on stocks such as Stratasys, 3D Systems, and MoneyLion.
Currently, the analyst consensus on Performant Financial is a Moderate Buy with an average price target of $7.50, representing a 164.08% upside. In a report released today, Craig-Hallum also reiterated a Buy rating on the stock with a $7.00 price target.
Based on Performant Financial’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $32.57 million and a net profit of $1.26 million. In comparison, last year the company earned a revenue of $29.24 million and had a GAAP net loss of $235 thousand
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Performant Financial (PFMT) Company Description:
Performant Financial Corp. engages in the provision of technology-enabled audit, recovery, customer care, and related analytics services. Its services help identify improper payments, and in some markets, restructure and recover delinquent or defaulted assets and improper payments for both government and private clients. The company was founded in 1976 and is headquartered in Livermore, CA.
