Performant Financial Corporation (NASDAQ:PFMT) traded today at a new 52-week high of $2.42. This new high was reached on above average trading volume as 9.1 million shares traded hands, while the average 30-day volume is approximately 536,000 shares.
In the past 52 weeks, shares of Performant Financial Corporation have traded between a low of $0.54 and a high of $2.42 and is now at $2.25, which is 317% above that low price.
Performant Financial Corp provides technology-enabled recovery and related analytics services in the United States. The company provides its services on an outsourced basis where it handles many or all aspects of its clients’ recovery processes. It uses technology-enabled services platform to provide recovery and analytics services in a range of markets for the identification and recovery of student loans, improper healthcare payments and delinquent state tax and federal treasury receivables. The services are primarily offered across a broad range of government and private clients in several markets. The revenue generated here is generally on success-based as it earns fees based on a percentage of the aggregate amount of funds that it enables the clients to recover.
Performant Financial Corporation (NASDAQ:PFMT) is currently priced 33.3% above its average consensus analyst price target of $1.50.
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