Performant Healthcare, Inc. Common Stock (PHLT)

• Market cap: $600M
• 1 day: 0.13%
• 5 days: -0.26%
• 1 month: 108.22%
• 3 months: 170.46%
• 6 months: 190.08%
• Year to date: 150.83%
• 1 year: 116.52%
• 5 years: 1,073.02%
• 10 years: 196.87%
• Sector: Healthcare
• Industry: Health Information Services

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

Fund manager confidence

Based on 2025 Q2 regulatory disclosures by fund managers ($100M+ AUM)

50% more first-time investments, than exits

New positions opened: 15 | Existing positions closed: 10

39% more repeat investments, than reductions

Existing positions increased: 32 | Existing positions reduced: 23

39% more capital invested

Capital invested by funds: $197M [Q1] → $272M (+$75.7M) [Q2]

5% more funds holding

Funds holding: 79 [Q1] → 83 (+4) [Q2]

2.12% more ownership

Funds ownership: 84.78% [Q1] → 86.9% (+2.12%) [Q2]

0% more funds holding in top 10

Funds holding in top 10: 4 [Q1] → 4 (+0) [Q2]

42% less call options, than puts

Call options by funds: $45K | Put options by funds: $78K

Research analyst outlook

2 Wall Street Analysts provided 1 year price targets over the past 3 months

• Low target: $7.75 2% upside
• Avg. target: $7.88 4% upside
• High target: $8 5% upside

2 analyst ratings

• positive: 1 50%
• neutral: 1 50%
• negative: 0 0%

Lake Street Jacob Stephan	2% upside $7.75	Hold Downgraded	4 Aug 2025
JMP Securities Nico Frelick	5% upside $8	Market Outperform Initiated	10 Jul 2025