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PFMT Showing Recent Insider Activity

Recent activity shows that Performant Financial, PFMT the Insider Confidence level is trending Up due to Corporate Insiders of PFMT Bought $1.3M worth of shares in the last 3 months.  

Before you dig into this report it is important to remember that "Insider Buying" is the purchase of shares in a corporation by a director, officer, or executive within the company. Insider buying is not the same as insider trading, which refers to corporate insiders making illegal stock purchases based on non-public information.
 
"Insider Buying" is not a crime when the buying is based on public information. 
 
Additionally, since insiders have unique insights into their own companies, they often gobble up shares when they believe the stock is undervalued or dump stock when it’s time to sell.  That's why people pay attention to insider buying.

Here is a list of the latest insider activity for PFMT:
  • Prescott Group Capital Management, L.L.C. - >10% Owner, Bought $1,241,680 worth of shares on 2 weeks ago
  • Prescott Group Capital Management, L.L.C. - >10% Owner, Bought $84,252 worth of shares on 5 days ago
  • Johnston Ian - VP and Chief Accounting Officer, $31,478 worth of shares on 2 months ago
  • Kohl Simeon - SVP and General Manager of Health Care, $21,519 worth of shares on 2 months ago
TipRanks.com reports that Performant Financial currently has 1 analysts offering 12-month price targets and the consensus is a Moderate Buy rating with an average price target is $11.00 . The target pricing ranges from a high forecast of $11.00 down to a low forecast of $11.00. Performant Financial (PFMT)’s last closing price was 2.15 which would put the average price target at 411.63% upside.

In addition, TradingView issued a Sell rating for PFMT over the next month, Barchart.com has a Strong sell rating and Yahoo! Finance has a Bearish short-term outlook

Performant Financial, PFMT
Summary: Performant Financial Corporation is engaged in providing technology-enabled recovery and related analytics services in the United States. The company's services help identify and recover delinquent or defaulted assets and improper payments for both government and private clients. Services offered by the company includes financial asset recovery, risk management, audit and recovery cost containment and fraud, waste and abuse marketplace. Performant provides its services on an outsourced basis. It provides services to clients in a range of different markets which includes student lending and healthcare, delinquent state taxes and federal Treasury and other receivables. Performant Financial Corporation is headquartered in Livermore, California.
  • Last Price: 2.15
  • Price Change: -0.01, -0.46%
  • Yearly Gain: 77.69%
  • Market Cap: 148.66M
  • P/E Ratio: -30.979
Remember, securities are volatile, so please do your own research on PFMT. If you are interest in stocks like PFMT or stocks in the Industrials sector, please click here.

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This information was sourced from various 3rd party public sources but to get the best insight into insider activity related to PFMT, you should consider joining TipRanks.com.

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