Should Investors Be Buying Performant Financial (NASDAQ:PFMT) Stock Following Today’s Compass Point Upgrade?

January 13, 2018 - By Richard Conner

  Should Investors Be Buying Performant Financial (NASDAQ:PFMT) Stock Following Today’s Compass Point Upgrade?

Performant Financial (NASDAQ:PFMT) Stock Upgrade

It will be interesting to watch today’s trading of shares of Performant Financial (NASDAQ:PFMT) as Compass Point upgraded the stock from a Neutral to a respectable Buy.

The stock increased 19.07% or $0.37 during the last trading session, reaching $2.31. About 9.18 million shares traded or 4697.41% up from the average. Performant Financial Corporation (NASDAQ:PFMT) has risen 43.98% since January 13, 2017 and is uptrending. It has outperformed by 27.28% the S&P500.

Analysts await Performant Financial Corporation (NASDAQ:PFMT) to report earnings on March, 7. They expect $-0.03 earnings per share, up 25.00 % or $0.01 from last year’s $-0.04 per share. After $-0.14 actual earnings per share reported by Performant Financial Corporation for the previous quarter, Wall Street now forecasts -78.57 % EPS growth.

Performant Financial Corporation provides technology-enabled recovery and related analytics services in the United States. The company has market cap of $117.72 million. The Company’s services help identify and recover delinquent or defaulted assets and improper payments for government and private clients in various markets. It currently has negative earnings. The firm offers recovery services to guaranty agencies and private institutions; and audit and recovery services to identify improper healthcare payments for public and private healthcare clients.

More notable recent Performant Financial Corporation (NASDAQ:PFMT) news were published by: Globenewswire.com which released: “Performant Financial Corporation Provides Update Regarding Department of …” on December 12, 2016, also Washingtonpost.com with their article: “Education Dept. awards debt-collection contract to company with ties to DeVos” published on January 12, 2018, Washingtonpost.com published: “Dems raise concern about possible links between DeVos and student debt …” on January 17, 2017. More interesting news about Performant Financial Corporation (NASDAQ:PFMT) were released by: Marketwatch.com and their article: “Performant Financial Corp.” published on August 17, 2012 as well as Globenewswire.com‘s news article titled: “Performant Financial Corporation to Report Second Quarter Earnings on August 8 …” with publication date: August 01, 2017.

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