Perion Network (NASDAQ:PERI) issued its quarterly earnings results on Thursday, March 15th. The technology company reported $0.08 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.11 by ($0.03), Morningstar.com reports. Perion Network had a negative net margin of 26.55% and a positive return on equity of 9.35%. The business had revenue of $77.28 million during the quarter.
Shares of NASDAQ PERI traded up $0.01 during mid-day trading on Friday, hitting $0.79. 146,355 shares of the stock traded hands, compared to its average volume of 177,404. The company has a quick ratio of 1.40, a current ratio of 1.40 and a debt-to-equity ratio of 0.34. Perion Network has a twelve month low of $0.72 and a twelve month high of $2.06. The company has a market cap of $61.26, a price-to-earnings ratio of 3.76 and a beta of 1.60.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Deutsche Bank AG boosted its holdings in shares of Perion Network by 228.1% during the 4th quarter. Deutsche Bank AG now owns 128,861 shares of the technology company’s stock valued at $132,000 after acquiring an additional 89,588 shares in the last quarter. Goldman Sachs Group Inc. boosted its holdings in shares of Perion Network by 6.0% during the 2nd quarter. Goldman Sachs Group Inc. now owns 84,989 shares of the technology company’s stock valued at $167,000 after acquiring an additional 4,836 shares in the last quarter. Macquarie Group Ltd. acquired a new stake in shares of Perion Network during the 3rd quarter valued at $232,000. Acadian Asset Management LLC boosted its holdings in shares of Perion Network by 24.5% during the 4th quarter. Acadian Asset Management LLC now owns 573,008 shares of the technology company’s stock valued at $590,000 after acquiring an additional 112,642 shares in the last quarter. Finally, Renaissance Technologies LLC boosted its holdings in shares of Perion Network by 15.9% during the 4th quarter. Renaissance Technologies LLC now owns 2,339,900 shares of the technology company’s stock valued at $2,410,000 after acquiring an additional 320,700 shares in the last quarter. 12.78% of the stock is currently owned by institutional investors.
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About Perion Network
Perion Network Ltd., a technology company, delivers advertising solutions to brands, advertising agencies, and publishers in North America, Europe, and internationally. It develops digital advertising solutions to capture consumer attention and drive engagement, as well as delivers ads across a portfolio of Websites and mobile applications.
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