Insider Selling: Performant Healthcare, Inc. – Common Stock (NASDAQ:PHLT) Director Sells $587,817.75 in Stock

Performant Healthcare, Inc. – Common Stock (NASDAQ:PHLT) Director Lisa Im sold 180,867 shares of Performant Healthcare, Inc. – Common Stock stock in a transaction that occurred on Tuesday, June 3rd. The shares were sold at an average price of $3.25, for a total transaction of $587,817.75. Following the sale, the director now owns 1,229,413 shares of the company’s stock, valued at approximately $3,995,592.25. The trade was a 12.82% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.

Performant Healthcare, Inc. – Common Stock Price Performance

Shares of Performant Healthcare, Inc. – Common Stock stock opened at $3.11 on Friday. The firm has a market cap of $243.54 million, a P/E ratio of -31.10 and a beta of 0.30. The company has a debt-to-equity ratio of 0.11, a current ratio of 2.67 and a quick ratio of 2.67. Performant Healthcare, Inc. – Common Stock has a 1 year low of $2.17 and a 1 year high of $4.35. The stock’s 50 day moving average is $2.60.

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

Analysts Set New Price Targets

Separately, B. Riley upgraded shares of Performant Healthcare, Inc. – Common Stock to a “strong-buy” rating in a research report 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.