PHLT
Performant Healthcare, Inc. Common StockPHLT
PHLT
About: Performant Healthcare Inc provides solutions to payers in the healthcare industry to identify, prevent, and recover waste and improper payments by leveraging technology, analytics, and proprietary data assets.
Employees: 964
0
Funds holding %
of 7,321 funds
–
Analysts bullish %
Fund manager confidence
Based on 2025 Q1 regulatory disclosures by fund managers ($100M+ AUM)
120% more first-time investments, than exits
New positions opened: 11 | Existing positions closed: 5
33% more funds holding in top 10
Funds holding in top 10: 3 [Q4 2024] → 4 (+1) [Q1 2025]
5% more funds holding
Funds holding: 75 [Q4 2024] → 79 (+4) [Q1 2025]
0.37% more ownership
Funds ownership: 84.41% [Q4 2024] → 84.78% (+0.37%) [Q1 2025]
2% less capital invested
Capital invested by funds: $200M [Q4 2024] → $197M (-$3.06M) [Q1 2025]
27% less repeat investments, than reductions
Existing positions increased: 22 | Existing positions reduced: 30
Research analyst outlook
1 Wall Street Analyst provided 1 year price targets over the past 3 months
Low target
$8
111%
upside
Avg. target
$8
111%
upside
High target
$8
111%
upside
1 analyst rating
1 positive
100%
0 neutral
0%
0 negative
0%
JMP Securities Nico Frelick | 111%upside $8 | Market Outperform Initiated | 10 Jul 2025 |
Financial journalist opinion
Positive
Zacks Investment Research
2 weeks ago
Performant Healthcare (PHLT) Upgraded to Strong Buy: What Does It Mean for the Stock?
Performant Healthcare (PHLT) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #1 (Strong Buy).
Positive
Seeking Alpha
4 weeks ago
Performant Healthcare: Guidance Raised After Q1 Outperformance - Buy (Rating Upgrade)
Performant Healthcare reported strong first quarter 2025 results, with revenues and profitability well ahead of consensus expectations. Total healthcare revenues were up by almost 30% on a year-over-year basis, and Adjusted EBITDA increased from ($1.2) million to $3.3 million. With 2025 off to a strong start and considering improving sales and implementation cycles, management raised full-year expectations.
Neutral
Business Wire
2 months ago
Performant to Participate in B Riley Securities' 25th Annual Institutional Investor Conference
PLANTATION, Fla.--(BUSINESS WIRE)--Performant Healthcare, Inc. (Nasdaq: PHLT) (“Performant”), a leading provider of technology-enabled payment integrity, eligibility, and related analytics services, announced today that it will participate in the B Riley Securities 25th Annual Institutional Investor Conference on Wednesday May 21st: Performant's Chief Financial Officer, Rohit Ramchandani, will participate in one-on-one meetings to discuss the company's recently increased guidance, continued mom.
Neutral
Seeking Alpha
2 months ago
Performant Healthcare, Inc. (PHLT) Q1 2025 Earnings Call Transcript
Performant Healthcare, Inc. (NASDAQ:PHLT ) Q1 2025 Earnings Conference Call May 8, 2025 5:00 PM ET Company Participants Jon Bozzuto - Head of Investor Relations Simeon Kohl - Chief Executive Officer Rohit Ramchandani - Chief Financial Officer Conference Call Participants Anderson Schock - B. Riley Securities, Inc. Operator Good afternoon, ladies and gentlemen, and welcome to the Performant Healthcare, Inc., First Quarter 2025 Earnings Conference Call.
Neutral
Business Wire
2 months ago
Performant Healthcare, Inc. Announces Financial Results for First Quarter 2025
PLANTATION, Fla.--(BUSINESS WIRE)--Performant Healthcare, Inc. (Nasdaq: PHLT), a leading provider of healthcare payment integrity services, today reported the following financial results for its first quarter ended March 31, 2025: First Quarter 2025 Financial Highlights Total revenue of $33.3 million, compared to total revenue of $27.3 million in the prior year period. Healthcare revenue of $33.2 million, compared to $25.8 million in the prior year period, an increase of approximately 29%. Net.
Neutral
Business Wire
2 months ago
Performant Healthcare, Inc. to Report First Quarter 2025 Earnings on May 8, 2025
PLANTATION, Fla.--(BUSINESS WIRE)--Performant Healthcare, Inc. (Nasdaq: PHLT) (the “Company”, “Performant”), a leading provider of technology-enabled payment integrity, eligibility, and related analytics services, announced today that the company will report its first quarter 2025 results after the market closes Thursday May 8, 2025. The Company will also hold a conference call to discuss results at 5:00 pm (Eastern Time) that day. To join the conference call: Dial in 800-717-1738 or 646-307-18.
Neutral
Business Wire
3 months ago
Performant Survey Spotlights Top Healthcare Technology Initiatives
PLANTATION, Fla.--(BUSINESS WIRE)--At HIMSS25, Performant Healthcare, Inc. (Nasdaq: PHLT) (the “Company” or “Performant”), a leader in technology-enabled payment integrity, eligibility and related analytics services, conducted a targeted survey of nearly 150 healthcare technology leaders to better understand the key drivers behind healthcare technology decision-making. The findings point to a healthcare landscape increasingly shaped by innovation, efficiency and the imperative to deliver better.
Positive
Seeking Alpha
4 months ago
Performant Healthcare: Decent Quarter And Guidance But Valuation Remains A Concern - Hold
Performant Healthcare reported Q4/2024 results slightly ahead of expectations. Total healthcare revenues of $34.3 million represented a new high, and the company generated $1.5 million in free cash flow. Despite some expected headwinds this year, management guided for double-digit revenue growth and vastly improved profitability this year. With more recently implemented contracts ramping up to full scale, the company's medium term revenue and profitability targets might be within reach by 2026 and 2027 respectively.
Neutral
Seeking Alpha
4 months ago
Performant Healthcare, Inc. (PHLT) Q4 2024 Earnings Call Transcript
Start Time: 17:00 January 1, 0000 5:36 PM ET Performant Healthcare Inc. (NASDAQ:PHLT ) Q4 2024 Earnings Conference Call March 12, 2025, 17:00 PM ET Company Participants Simeon Kohl - CEO Rohit Ramchandani - CFO Jon Bozzuto - Head, IR Conference Call Participants Jacob Stephan - Lake Street Capital George Sutton - Craig Hallum Operator Good afternoon, ladies and gentlemen, and welcome to the Performant Healthcare, Inc. Fourth Quarter 2024 Earnings Conference Call. At this time, all lines are in a listen-only mode.
Neutral
Business Wire
4 months ago
Performant Healthcare, Inc. Announces Financial Results for Fourth Quarter and Full Year 2024
PLANTATION, Fla.--(BUSINESS WIRE)--Performant Healthcare, Inc. (Nasdaq: PHLT), a leading provider of healthcare payment integrity services, today reported the following financial results for its fourth quarter and full year ended December 31, 2024: Fourth Quarter 2024 Financial Highlights Total revenues of $34.8 million, compared to $32.6 million in the prior year period Healthcare revenues of $34.3 million, compared to $31.1 million in the prior year period Net loss of $0.5 million, or $(0.01).
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