Performant Healthcare, Inc. – Common Stock (NASDAQ:PHLT) Director Lisa Im Sells 180,867 Shares

Performant Healthcare, Inc. – Common Stock (NASDAQ:PHLT) Director Lisa Im sold 180,867 shares of the firm’s stock in a transaction that occurred on Tuesday, June 3rd. The stock was sold at an average price of $3.25, for a total transaction of $587,817.75. Following the transaction, the director now directly owns 1,229,413 shares of the company’s stock, valued at $3,995,592.25. This represents a 12.82% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

Performant Healthcare, Inc. – Common Stock Stock Down 5.2%

Shares of PHLT opened at $3.07 on Thursday. The company has a market cap of $240.41 million, a PE ratio of -30.70 and a beta of 0.30. Performant Healthcare, Inc. – Common Stock has a twelve month low of $2.17 and a twelve month high of $4.35. The business’s 50 day simple moving average is $2.60. The company has a quick ratio of 2.67, a current ratio of 2.67 and a debt-to-equity ratio of 0.11.

Performant Healthcare, Inc. – Common Stock (NASDAQ:PHLT) last released its earnings results on Thursday, May 8th. The company reported $0.02 earnings per share for the quarter, beating the consensus estimate of ($0.02) by $0.04. Performant Healthcare, Inc. – Common Stock had a negative net margin of 6.74% and a negative return on equity of 10.19%. The business had revenue of $33.27 million during the quarter, compared to analysts’ expectations of $29.92 million. On average, sell-side analysts anticipate that Performant Healthcare, Inc. – Common Stock will post -0.13 earnings per share for the current fiscal year.

Analyst Ratings Changes

Separately, B. Riley raised shares of Performant Healthcare, Inc. – Common Stock to a “strong-buy” rating in a research note on Wednesday, March 12th.

About Performant Healthcare, Inc. – Common Stock

Performant Healthcare, Inc 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.