Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
An update from Performant Healthcare ( (PHLT) ) is now available.
On July 31, 2025, Performant Healthcare, Inc. entered into an Agreement and Plan of Merger with Machinify, a portfolio company of New Mountain Capital. Under the merger agreement, Performant stockholders will receive $7.75 per share, a 139% premium over the 90-day volume-weighted average price, valuing the acquisition at approximately $670 million. The merger, unanimously approved by Performant’s board, aims to combine Machinify’s healthcare intelligence platform with Performant’s expertise to enhance payment accuracy and reduce administrative costs, benefiting stakeholders like the Centers for Medicare and Medicaid. The transaction is expected to close by the end of 2025, subject to customary conditions, and will result in Performant’s delisting from Nasdaq.
The most recent analyst rating on (PHLT) stock is a Buy with a $6.00 price target. To see the full list of analyst forecasts on Performant Healthcare stock, see the PHLT Stock Forecast page.
Spark’s Take on PHLT Stock
According to Spark, TipRanks’ AI Analyst, PHLT is a Neutral.
Performant Healthcare’s overall stock score is primarily impacted by its financial challenges, including inconsistent profitability and cash flow issues. While technical indicators show some positive momentum, the company’s valuation remains unattractive due to a negative P/E ratio. The positive earnings call highlights provide some optimism, but they do not factor into the weighted score due to non-inclusion in the calculation.
To see Spark’s full report on PHLT stock, click here.
More about Performant Healthcare
Performant Healthcare, Inc. is a leading provider of technology-enabled payment integrity, eligibility, and related analytics services. The company supports healthcare payers in identifying, preventing, and recovering waste and improper payments by leveraging advanced technology, analytics, and proprietary data assets. Performant operates in both government and commercial healthcare markets, offering eligibility-based services and claims-based services, including the audit and identification of improperly paid claims.
Average Trading Volume: 191,829
Technical Sentiment Signal: Strong Buy
Current Market Cap: $278M
See more insights into PHLT stock on TipRanks’ Stock Analysis page.