Performant Financial (NASDAQ:PFMT – Get Rating) was downgraded by stock analysts at TheStreet from a "c-" rating to a "d+" rating in a note issued to investors on Tuesday, TheStreetRatingsTable reports.
Separately, StockNews.com upgraded Performant Financial from a "sell" rating to a "hold" rating in a research report on Thursday.
Get Performant Financial alerts:Performant Financial Price Performance
Shares of Performant Financial stock opened at $2.18 on Tuesday. The business has a 50 day simple moving average of $2.57 and a two-hundred day simple moving average of $2.50. Performant Financial has a 12 month low of $1.85 and a 12 month high of $5.08. The stock has a market capitalization of $160.93 million, a P/E ratio of -16.77 and a beta of -0.32. The company has a debt-to-equity ratio of 0.22, a current ratio of 3.83 and a quick ratio of 3.83.
Institutional Inflows and Outflows
Several institutional investors have recently modified their holdings of the stock. Dimensional Fund Advisors LP grew its stake in shares of Performant Financial by 4.6% during the 1st quarter. Dimensional Fund Advisors LP now owns 255,499 shares of the business services provider's stock valued at $795,000 after buying an additional 11,317 shares during the period. State Street Corp raised its stake in Performant Financial by 9.9% during the first quarter. State Street Corp now owns 148,208 shares of the business services provider's stock worth $461,000 after acquiring an additional 13,300 shares during the period. Shay Capital LLC grew its position in Performant Financial by 59.0% in the 1st quarter. Shay Capital LLC now owns 40,033 shares of the business services provider's stock worth $125,000 after purchasing an additional 14,853 shares during the last quarter. Virtu Financial LLC bought a new position in Performant Financial in the 1st quarter worth about $57,000. Finally, Clarus Group Inc. bought a new position in shares of Performant Financial in the second quarter valued at approximately $50,000. 80.19% of the stock is currently owned by institutional investors and hedge funds.Performant Financial Company Profile
(Get Rating)
Performant Financial Corporation provides technology-enabled audit, recovery, outsource customer, and related analytics services in the United States. The company offers recovery services to the clients in Federal guaranteed student loan program and private institutions; identifies and tracks defaulted borrowers across its clients' portfolios of student loans; rehabilitates and recovers past due student loans; provides tax recovery services to federal, state and municipal agencies; recovers government debt for various federal agencies; and offers audit and recovery services to identify improper healthcare payments for public and private healthcare clients.
See Also
- Get a free copy of the StockNews.com research report on Performant Financial (PFMT)
- Which Semiconductor Stocks Are Ready For Big Price Moves?
- Miners Advance On Earnings Despite Broader Economic Challenges
- Agilent Technologies Proves Its Worth VS Illumina
- Lowe's Stands Out Amid Q2 Retail Reports
- Target's Results Cap Upside Potential For Retail Stocks
Receive News & Ratings for Performant Financial Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Performant Financial and related companies with MarketBeat.com's FREE daily email newsletter.