Performant Financial: Slowly Progressing Towards Long-Term Targets - Hold [Seeking Alpha]
Performant Financial Corporation (PFMT)
Last performant financial corporation earnings: 3/17 04:05 pm
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US:NASDAQ Investor Relations:
investors.performantcorp.com/node/5806
Company Research
Source: Seeking Alpha
Core healthcare revenues increased by approximately 13% with the company's claims-based business showing particular strength. The quarter was highlighted by the strategic decision to acquire an AI platform with the potential to improve the company's audit workflow processes quite meaningfully. However, immediate benefits to the business are likely to be limited. With Performant Financial still not anywhere close to management's stated long-term revenue and profitability targets, I am reiterating my "Hold" rating on the shares. Note: I have covered Performant Financial Corporation or "Performant Financial" ( NASDAQ: PFMT ) previously, so investors should view this as an update to my earlier articles on the company. Last month, Performant Financial reported first quarter 2024 results slightly ahead of consensus Recommended For You Recommended For You
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PFMT
News
- Performant to Participate in June Investor ConferencesBusiness Wire
- Performant Financial Co. (NASDAQ: PFMT) was downgraded by analysts at StockNews.com from a "hold" rating to a "sell" rating.MarketBeat
- Performant Financial Corporation (NASDAQ:PFMT) Q1 2024 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
- Performant Financial Corporation Announces Financial Results for First Quarter 2024Business Wire
- Performant Financial Corporation to Report First Quarter 2024 Earnings on May 7, 2024Business Wire
PFMT
Sec Filings
- 6/24/24 - Form 8-K
- 5/15/24 - Form 4
- 5/15/24 - Form 4
- PFMT's page on the SEC website