Shares of Performant Financial Corporation (NASDAQ:PFMT) traded today at $3.99, eclipsing its 52-week high. So far today approximately 231,000 shares have been exchanged, as compared to an average 30-day volume of 515,000 shares.
In the past 52 weeks, Performant Financial Corporation share prices are bracketed by a low of $0.54 and a high of $3.99 and is now at $3.72, 589% above that low price.
Performant Financial Corporation has overhead space with shares priced $3.72, or 60.4% below the average consensus analyst price target of $9.40.
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.
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