PFMT - Performant Financial Corp Stock Price, Fair Value and News

2.71USD+0.05 (+1.88%)Delayed as of 01 May 2024, 11:09 am ET

Market Summary

USD2.71+0.05

Delayedas of 01 May 2024, 11:09 am

1.88%

PFMT Stock Price

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PFMT RSI Chart

PFMT Valuation

Market Cap

204.6M

Price/Earnings (Trailing)

-27.21

Price/Sales (Trailing)

1.8

EV/EBITDA

-282.75

Price/Free Cashflow

-723

PFMT Price/Sales (Trailing)

PFMT Profitability

EBT Margin

-6.91%

Return on Equity

-9.32%

Return on Assets

-7.59%

Free Cashflow Yield

-0.14%

PFMT Fundamentals

PFMT Revenue

Revenue (TTM)

113.7M

Rev. Growth (Yr)

11.37%

Rev. Growth (Qtr)

8.69%

PFMT Earnings

Earnings (TTM)

-7.5M

Earnings Growth (Yr)

634.04%

Earnings Growth (Qtr)

316.38%

Breaking Down PFMT Revenue

52 Week Range

2.74

(Low)(High)

Last 7 days

-4.0%

Last 30 days

-9.5%

Last 90 days

-5.7%

Trailing 12 Months

-16.6%

How does PFMT drawdown profile look like?

PFMT Financial Health

Current Ratio

3.21

PFMT Investor Care

Shares Dilution (1Y)

3.50%

Diluted EPS (TTM)

-0.1

Historical Charts for Stock Metrics

Get all data in R, Python etc through our Historical Stock Data APIs

Net sales

Year	Q1	Q2	Q3	Q4
2023	107.8M	107.6M	110.4M	113.7M
2022	120.1M	112.9M	111.5M	109.2M
2021	141.4M	140.5M	132.8M	124.4M
2020	161.4M	159.4M	159.7M	155.9M
2019	133.5M	138.0M	146.3M	150.4M
2018	156.0M	151.4M	149.2M	155.7M
2017	136.2M	134.0M	132.6M	132.0M
2016	159.1M	155.9M	148.6M	141.4M
2015	175.3M	159.2M	158.0M	159.4M
2014	264.6M	252.8M	215.7M	195.4M
2013	213.6M	227.9M	251.3M	255.3M
2012	174.7M	186.5M	198.3M	210.1M
2011	0	0	143.2M	163.0M
2010	0	0	0	123.5M

Get all data in R, Python etc through our Historical Stock Data APIs

Tracking the Latest Insider Buys and Sells of Performant Financial Corp

Filter Transactions

Datesorted ascending	Name	Buy/Sell	$ Value	Avg. Price	# Shares	Title
Jan 19, 2024	yanagi eric	acquired	-	-	27,675	-
Sep 07, 2023	johnston ian	sold (taxes)	-52,870	2.41	-21,938	see remarks
Sep 07, 2023	ramchandani rohit	acquired	-	-	38,689	chief financial officer
Sep 07, 2023	ramchandani rohit	sold (taxes)	-32,245	2.41	-13,380	chief financial officer
Sep 07, 2023	kohl simeon	acquired	-	-	92,247	chief executive officer
Sep 07, 2023	kohl simeon	sold (taxes)	-54,135	2.41	-22,463	chief executive officer
Sep 07, 2023	johnston ian	acquired	-	-	63,683	see remarks
May 29, 2023	johnston ian	acquired	-	-	11,250	see remarks
May 29, 2023	johnston ian	sold (taxes)	-10,245	2.24	-4,574	see remarks
May 16, 2023	kohl simeon	sold (taxes)	-23,553	2.51	-9,384	chief executive officer

Which funds bought or sold PFMT recently?

View All Details

Datesorted ascending	Fund Name	Type	% Chg	$ Change	$ Held	% Portfolio
Apr 29, 2024	HighMark Wealth Management LLC	added	61.57	875,929	2,133,120	1.32%
Apr 25, 2024	Bank of New York Mellon Corp	reduced	-11.19	-97,899	497,251	-%
Apr 25, 2024	SIMPLEX TRADING, LLC	added	1.46	-1,000	12,000	-%
Apr 23, 2024	Global Retirement Partners, LLC	unchanged	-	1,470	21,609	-%
Apr 23, 2024	AMALGAMATED BANK	reduced	-73.64	-20,000	7,000	-%
Apr 22, 2024	MetLife Investment Management, LLC	unchanged	-	30,851	111,456	-%
Apr 18, 2024	Mirador Capital Partners LP	added	4.01	-128,809	5,867,640	1.12%
Apr 18, 2024	Aspire Private Capital, LLC	unchanged	-	-5.00	88.00	-%
Apr 15, 2024	Legato Capital Management LLC	unchanged	-	-42,353	673,066	0.08%
Apr 11, 2024	SALEM INVESTMENT COUNSELORS INC	unchanged	-	-11,489	182,574	0.01%

Are Funds Buying or Selling PFMT?

Are funds buying PFMT calls or puts?

Calls

Puts

No. of funds holding Calls - Puts

Net Call Options

No. of funds that own PFMT

No. of Funds

Unveiling Performant Financial Corp's Major ShareHolders

Date Filed	Name of Filer	Percent of Class	No. of Shares	Form Type
Apr 18, 2024	topline capital management, llc	5.0%	3,882,824	SC 13G
Feb 14, 2024	first light asset management, llc	12.61%	9,696,781	SC 13G/A
Feb 08, 2024	parthenon investors ii. l.p.	2.36%	1,812,106	SC 13G/A
Jan 29, 2024	blackrock inc.	5.9%	4,501,618	SC 13G
Mar 20, 2023	prescott group capital management, l.l.c.	20.9%	15,763,291	SC 13D/A
Feb 14, 2023	ecmc group, inc.	2.25%	1,673,704	SC 13G/A
Feb 08, 2023	parthenon investors ii. l.p.	6.08%	4,513,625	SC 13G/A
Feb 03, 2023	first light asset management, llc	10.49%	7,789,280	SC 13G/A
Aug 31, 2022	mill road capital ii, l.p.	4.4%	3,261,675	SC 13D/A
Feb 14, 2022	first light asset management, llc	7.12%	4,922,444	SC 13G/A

Recent SEC filings of Performant Financial Corp

View All Filings

Date Filed	Form Type	Document
Apr 29, 2024	DEF 14A	DEF 14A
Apr 18, 2024	SC 13G	Major Ownership Report
Apr 05, 2024	4	Insider Trading
Mar 13, 2024	10-K	Annual Report
Mar 12, 2024	8-K	Current Report
Mar 07, 2024	4	Insider Trading
Mar 07, 2024	3	Insider Trading
Mar 06, 2024	8-K	Current Report
Feb 14, 2024	SC 13G/A	Major Ownership Report
Feb 08, 2024	SC 13G/A	Major Ownership Report

Peers (Alternatives to Performant Financial Corp)

Name	Mkt Capsorted ascending	Revenue	Price %, 1M	Returns, 1Y	P/E	P/S	Rev 1-Yr	Inc 1-Yr
LARGE-CAP
ADP	99.4B	18.6B	-3.14%	9.39%	27.93	5.35	7.76%	13.08%
CTAS	66.8B	9.4B	-4.18%	42.40%	44.43	7.1	9.34%	15.98%
CPRT	52.2B	4.1B	-6.23%	38.55%	38.5	12.86	10.52%	25.37%
EFX	27.2B	5.4B	-17.69%	7.21%	48.8	5.09	5.76%	-4.95%
BAH	19.2B	10.3B	-0.52%	52.30%	46.81	1.86	13.90%	-5.05%
ALLE	10.6B	3.6B	-9.76%	9.83%	19.66	2.93	4.33%	10.65%
MID-CAP
RHI	7.3B	6.4B	-12.79%	-5.49%	17.69	1.14	-11.68%	-37.51%
AL	5.6B	2.7B	-2.33%	25.01%	9.08	2.08	15.87%	733.47%
SRCL	4.2B	2.6B	-15.22%	-1.82%	-212.84	1.57	-3.11%	-123.81%
ABM	2.8B	8.2B	-2.06%	2.70%	10.74	0.34	3.98%	33.49%
SMALL-CAP
AZZ	1.8B	2.7B	-7.35%	89.40%	20.62	0.66	104.63%	175.67%
ALTG	364.5M	1.9B	-14.21%	-19.90%	40.95	0.19	19.40%	-4.30%
ARC	112.9M	281.2M	-4.33%	-13.40%	13.71	0.4	-1.68%	-25.77%
AQMS	52.6M	1.1M	-12.96%	-56.07%	-2.2	49.78	336.95%	-55.13%
AWX	8.5M	80.5M	-2.24%	-18.66%	-4.72	0.11	-0.82%	-207.00%

Performant Financial Corp News

Latest updates

Performant Financial Corp Earnings Report: Key Takeaways & Analysis

Income Statement (Last 12 Months)

Income Statement (Quarterly)
Description	(%) Q/Q	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1	2018Q4
Revenue	8.7%	32,567,000	29,962,000	25,485,000	25,729,000	29,242,000	27,178,000	25,681,000	27,083,000	31,579,000	28,582,000	32,842,000	31,390,000	40,036,000	36,228,000	33,785,000	45,888,000	43,823,000	35,903,000	35,830,000	34,876,000	39,730,000
Operating Expenses	0.1%	30,655,000	30,612,000	29,086,000	29,518,000	29,038,000	29,492,000	28,984,000	28,570,000	28,742,000	28,467,000	34,054,000	34,446,000	36,334,000	34,335,000	39,208,000	60,025,000	46,153,000	41,719,000	40,140,000	42,069,000	43,179,000
EBITDA Margin	75.6%	-0.01	-0.03	-0.03	-0.03	-0.01	0.02	0.03	0.07	0.05	0.05	0.06	0.01	-0.06	-	-	-	-	-	-	-	-
Interest Expenses	85.8%	786,000	423,000	351,000	414,000	359,000	277,000	216,000	155,000	5,447,000	2,394,000	2,126,000	1,346,000	1,400,000	1,569,000	2,031,000	2,227,000	2,329,000	2,166,000	1,958,000	1,136,000	1,165,000
Income Taxes	106.1%	25,000	-407,000	21,000	21,000	80,000	-11,000	32,000	31,000	1,000	-9,000	33,000	37,000	-1,415,000	-1,644,000	-249,000	-3,874,000	-789,000	99,000	142,000	171,000	660,000
Earnings Before Taxes	229.7%	1,280,000	-987,000	-3,952,000	-4,200,000	-155,000	-1,471,000	-3,137,000	-1,642,000	-2,635,000	-1,700,000	-1,489,000	-4,402,000	2,305,000	330,000	-7,448,000	-16,358,000	-4,651,000	-7,971,000	-6,257,000	-8,318,000	-4,605,000
EBT Margin	17.9%	-0.07	-0.08	-0.09	-0.08	-0.06	-0.08	-0.08	-0.06	-0.08	-0.04	-0.02	-0.07	-0.14	-	-	-	-	-	-	-	-
Net Income	316.4%	1,255,000	-580,000	-3,973,000	-4,221,000	-235,000	-1,460,000	-3,169,000	-1,673,000	-2,636,000	-1,691,000	-1,522,000	-4,439,000	3,720,000	1,974,000	-7,199,000	-12,484,000	-3,862,000	-8,070,000	-6,399,000	-8,489,000	-5,255,000
Net Income Margin	19.0%	-0.07	-0.08	-0.09	-0.08	-0.06	-0.08	-0.08	-0.06	-0.08	-0.03	0.00	-0.04	-0.09	-	-	-	-	-	-	-	-
Free Cashflow	-207.3%	-3,074,000	2,865,000	2,984,000	-3,058,000	-2,082,000	2,687,000	-1,716,000	-5,351,000	-1,091,000	-1,269,000	-4,136,000	3,996,000	1,887,000	-	-	-	-	-	-	-	-

Balance Sheet

(In Millions)

(*) denotes actual numbers (not divided by Millions)
Balance Sheet																					(In Millions)
Description	(%) Q/Q	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1	2018Q4
Assets	-1.7%	99.00	101	101	104	119	118	120	122	122	151	115	125	126	121	117	128	139	146	142	143	138
Current Assets	-5.3%	40.00	42.00	41.00	44.00	58.00	57.00	54.00	55.00	55.00	83.00	46.00	55.00	55.00	49.00	44.00	46.00	37.00	34.00	29.00	28.00	32.00
Cash Equivalents	-58.1%	7.00	17.00	15.00	12.00	23.00	26.00	16.00	17.00	20.00	51.00	10.00	19.00	18.00	16.00	15.00	9.00	5.00	7.00	4.00	4.00	7.00
Net PPE	-0.7%	10.00	10.00	11.00	11.00	11.00	11.00	15.00	15.00	16.00	16.00	16.00	17.00	17.00	18.00	18.00	18.00	19.00	20.00	21.00	21.00	22.00
Goodwill	-0.1%	47.00	47.00	47.00	47.00	47.00	47.00	47.00	47.00	47.00	47.00	47.00	47.00	47.00	47.00	47.00	55.00	74.00	82.00	82.00	82.00	82.00
Liabilities	-18.1%	18.00	22.00	23.00	23.00	34.00	34.00	35.00	35.00	40.00	67.00	72.00	87.00	84.00	83.00	82.00	87.00	85.00	89.00	78.00	73.00	61.00
Current Liabilities	2.5%	12.00	12.00	12.00	11.00	14.00	13.00	14.00	13.00	18.00	61.00	27.00	81.00	77.00	75.00	16.00	22.00	19.00	20.00	18.00	21.00	14.00
Shareholder's Equity	3.0%	81.00	78.00	78.00	81.00	84.00	84.00	84.00	87.00	82.00	84.00	43.00	38.00	42.00	38.00	35.00	42.00	54.00	57.00	64.00	69.00	77.00
Retained Earnings	1.9%	-65.30	-66.56	-65.98	-62.00	-57.78	-57.55	-56.09	-52.92	-51.25	-48.61	-46.92	-45.40	-40.96	-44.68	-46.65	-39.45	-26.97	-23.11	-15.04	-8.64	-0.15
Additional Paid-In Capital	0.8%	146	145	144	143	142	141	141	140	134	133	90.00	84.00	83.00	82.00	82.00	81.00	81.00	80.00	79.00	78.00	77.00
Shares Outstanding	1.9%	77.00	76.00	76.00	76.00	76.00	74.00	72.00	70.00	69.00	58.00	56.00	55.00	-	-	-	-	-	-	-	-	-
Float	-	-	-	120	-	-	-	136	-	-	-	90.00	-	-	-	7.00	-	-	-	20.00	-	-

Cashflow (Last 12 Months)

(In Thousands)

Cashflow (Quarterly)																					(In Thousands)
Description	(%) Q/Q	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1	2018Q4
Cashflow From Operations	-154.2%	-1,887	3,482	4,414	-2,149	-695	3,296	-827	-4,651	-370	-178	-3,358	4,822	2,817	2,238	8,533	7,221	-2,047	-5,721	-8,011	356	-2,234
Share Based Compensation	-0.7%	1,121	1,129	888	798	824	931	723	558	677	540	774	649	613	657	649	691	568	525	719	499	347
Cashflow From Investing	-92.4%	-1,187	-617	-1,430	-906	-1,387	4,325	-507	-700	-746	-326	1,628	-826	-930	-919	-870	-1,073	-755	-1,039	-1,576	-1,486	-710
Cashflow From Financing	-1195.4%	-6,982	-539	-337	-7,994	-125	-125	-125	5,436	-32,860	41,878	-7,524	-886	-868	-875	-1,026	-947	-751	9,336	9,536	-122	2,858

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PFMT Income Statement

2023-12-31

Consolidated Statements of Operations - USD ($) shares in Thousands, $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Income Statement [Abstract]
Revenues	$ 113,743	$ 109,184
Operating expenses:
Salaries and benefits	90,447	85,312
Other operating expenses	29,424	30,772
Total operating expenses	119,871	116,084
Loss from operations	(6,128)	(6,900)
Gain on sale of certain recovery contracts	3	382
Gain on sale of land and buildings	0	1,120
Interest expense	(1,974)	(1,007)
Interest income	240	0
Loss before provision for (benefit from) income taxes	(7,859)	(6,405)
Provision for (benefit from) income taxes	(340)	132
Net loss	$ (7,519)	$ (6,537)
Net loss per share attributable to common shareholders (see Note 1)
Basic (in usd per share)	$ (0.10)	$ (0.09)
Diluted (in usd per share)	$ (0.10)	$ (0.09)
Weighted average shares (see Note 1)
Basic (in shares)	76,156	72,937
Diluted (in shares)	76,156	72,937

PFMT Balance Sheet

2023-12-31

Consolidated Balance Sheets - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Current assets:
Cash and cash equivalents	$ 7,252	$ 23,384
Restricted cash	81	81
Trade accounts receivable, net of allowance for credit losses	17,584	15,794
Contract assets	10,879	11,460
Prepaid expenses and other current assets	3,651	3,665
Income tax receivable	335	3,123
Total current assets	39,782	57,507
Property, equipment, and leasehold improvements, net	9,724	10,897
Goodwill	47,372	47,372
Debt issuance costs	631	0
Right-of-use assets	531	2,057
Other assets	990	1,000
Total assets	99,030	118,833
Current liabilities:
Current maturities of long-term loan payable, net of unamortized debt issuance costs of $0 and $17, respectively	0	983
Accrued salaries and benefits	7,924	6,938
Accounts payable	727	1,262
Other current liabilities	2,385	2,252
Contract liabilities	493	438
Estimated liability for appeals and disputes	601	1,106
Lease liabilities	250	1,228
Total current liabilities	12,380	14,207
Long-term loan payable, net of current portion and unamortized debt issuance costs of $0 and $316, respectively	5,000	18,184
Lease liabilities	295	1,076
Other liabilities	648	881
Total liabilities	18,323	34,348
Commitments and contingencies
Stockholders’ equity:
Common stock, $0.0001 par value. Authorized, 500,000 shares at December 31, 2023 and 2022, respectively; issued and outstanding, 76,920 and 75,505 shares at December 31, 2023 and 2022, respectively	8	7
Additional paid-in capital	146,001	142,261
Accumulated deficit	(65,302)	(57,783)
Total stockholders’ equity	80,707	84,485
Total liabilities and stockholders’ equity	$ 99,030	$ 118,833

About Performant Financial Corp

Performant Financial Corporation provides technology-enabled audit, recovery, and analytics services in the United States. The company identifies improper payments resulting from incorrect coding, procedures that were not medically necessary, incomplete documentation, and claims submitted based on outdated fee schedules; and provides first party call center and other outsourced services. It also offers Performant Insight that provides various services, such as post- and pre-payment audit of healthcare claims, detection of fraud, waste and abuse of healthcare claims, coordination of benefits, and pharmacy fraud detection services. It provides services to government and commercial markets. The company was formerly known as DCS Holdings, Inc. and changed its name to Performant Financial Corporation in 2005. Performant Financial Corporation was founded in 1976 and is headquartered in Livermore, California.

CEO	Mr. Simeon M. Kohl
WEBSITE	https://performantcorp.com
INDUSTRY	Information Technology Services
EMPLOYEES	1023

Performant Financial Corp Frequently Asked Questions

What is the ticker symbol for Performant Financial Corp? What does PFMT stand for in stocks?

PFMT is the stock ticker symbol of Performant Financial Corp. Every public company that trades on a stock exchange gets a ticker symbol.

What is the market capital of Performant Financial Corp (PFMT)?

As of Tue Apr 30 2024, market cap of Performant Financial Corp is 204.61 Million. The market capitalization is calculated by multiplying the stock price with the number of shares outstanding.

What is the fair value of PFMT stock?

You can check PFMT's fair value in chart for subscribers.

What is the fair value of PFMT stock?

You can check PFMT's fair value in chart for subscribers. The fair value of Performant Financial Corp is provided for various growth and macro-economic scenarios from very pessimiatic to very optimistic assumptions. These fair values are estimates from Grufity's Fair Value model based on company's past performance. However, past performance of Performant Financial Corp is no guarantee of future performance. These fairvalue estimates should only be used as one of the inputs in your stock analysis. We provide model's historical fair value estimates for PFMT so that you know how good or bad the model has been in the past so you can discard it if needed. There are others that provide fair values of stocks such as wallmine, finbox, gurufocus and finviz. Most provide point in time estimates. We provide a history of our models fair value estimates so that you can get a sense of it's usefulness. Otherwise this data point is of little use.

Is Performant Financial Corp a good stock to buy?

The fair value guage provides a quick view whether PFMT is over valued or under valued. Whether Performant Financial Corp is cheap or expensive depends on the assumptions which impact Performant Financial Corp's fair value. We provide several scenarios of inflation and growth to encompass these range of assumptions for PFMT.

What is Performant Financial Corp's Price to Earnings (PE) and Price to sales (PS) ratio?

As of Tue Apr 30 2024, PFMT's PE ratio (Price to Earnings) is -27.21 and Price to Sales (PS) ratio is 1.8. The price to earnings and price to sales ratio are two most important valuation metrics for any company. PE ratio tell us the number of years of earnings investors are ready to pay for owning the company. Historically, S&P500 price to earnings ratio has fallen below 12 during periods of gloom and gone past 30 during periods of euphoria. PFMT PE ratio will change depending on the future growth rate expectations of investors.

What is 5 year return on Performant Financial Corp's stock?

In the past 10 years, Performant Financial Corp has provided -0.111 (multiply by 100 for percentage) rate of return.