B. Riley Weighs in on Performant Financial Co.’s Q1 2025 Earnings (NASDAQ:PFMT)

by · The Cerbat Gem

Performant Financial Co. (NASDAQ:PFMT – Free Report) – Equities research analysts at B. Riley issued their Q1 2025 earnings per share (EPS) estimates for Performant Financial in a report released on Friday, October 4th. B. Riley analyst K. Bauser forecasts that the business services provider will post earnings of ($0.02) per share for the quarter. B. Riley has a “Buy” rating and a $8.00 price objective on the stock. The consensus estimate for Performant Financial’s current full-year earnings is ($0.11) per share. B. Riley also issued estimates for Performant Financial’s Q2 2025 earnings at ($0.02) EPS, Q3 2025 earnings at $0.00 EPS and Q4 2025 earnings at $0.02 EPS.

Performant Financial (NASDAQ:PFMT – Get Free Report) last announced its earnings results on Wednesday, August 7th. The business services provider reported ($0.04) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.05) by $0.01. Performant Financial had a negative net margin of 5.32% and a negative return on equity of 8.11%. The company had revenue of $29.36 million during the quarter, compared to analysts’ expectations of $28.20 million. During the same quarter in the previous year, the business posted ($0.05) earnings per share.

Separately, Craig Hallum raised shares of Performant Financial to a “strong-buy” rating in a report on Tuesday, October 1st.

Get Our Latest Stock Report on Performant Financial

Performant Financial Stock Performance

NASDAQ:PFMT opened at $3.53 on Monday. The company has a market cap of $272.48 million, a price-to-earnings ratio of -39.22 and a beta of 0.13. Performant Financial has a fifty-two week low of $2.00 and a fifty-two week high of $4.04. The company has a debt-to-equity ratio of 0.11, a quick ratio of 2.65 and a current ratio of 2.65. The stock has a fifty day moving average price of $3.62 and a 200-day moving average price of $3.15.

Hedge Funds Weigh In On Performant Financial

A number of institutional investors have recently added to or reduced their stakes in the stock. Parkman Healthcare Partners LLC grew its holdings in Performant Financial by 21.7% during the 4th quarter. Parkman Healthcare Partners LLC now owns 1,580,865 shares of the business services provider’s stock worth $4,940,000 after acquiring an additional 281,480 shares during the last quarter. First Light Asset Management LLC increased its position in shares of Performant Financial by 3.1% during the fourth quarter. First Light Asset Management LLC now owns 9,670,110 shares of the business services provider’s stock worth $30,219,000 after buying an additional 291,814 shares during the period. Mirador Capital Partners LP grew its holdings in Performant Financial by 4.0% during the 1st quarter. Mirador Capital Partners LP now owns 1,995,795 shares of the business services provider’s stock worth $5,868,000 after acquiring an additional 76,933 shares during the period. Wellington Management Group LLP grew its stake in Performant Financial by 22.4% during the fourth quarter. Wellington Management Group LLP now owns 1,046,100 shares of the business services provider’s stock worth $3,269,000 after purchasing an additional 191,100 shares during the period. Finally, BNP Paribas Financial Markets increased its holdings in Performant Financial by 170.0% in the first quarter. BNP Paribas Financial Markets now owns 50,358 shares of the business services provider’s stock worth $148,000 after purchasing an additional 31,710 shares in the last quarter. 77.15% of the stock is currently owned by institutional investors and hedge funds.

Performant Financial Company Profile

(Get Free Report)

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 or claims submitted based on outdated fee schedules, and coverage discrepancies; and provides first party call center and other outsourced services.

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