Shares of Perion Network Ltd (NASDAQ:PERI) have been given a consensus broker rating score of 2.50 (Hold) from the two brokers that cover the stock, Zacks Investment Research reports. One research analyst has rated the stock with a hold rating and one has issued a buy rating on the company. Perion Network’s rating score has improved by 16.7% in the last 90 days as a result of a number of analysts’ upgrades and downgrades.
Analysts have set a 1-year consensus target price of $6.75 for the company and are expecting that the company will post $0.27 earnings per share for the current quarter, according to Zacks. Zacks has also given Perion Network an industry rank of 193 out of 255 based on the ratings given to related companies.
Several research firms have weighed in on PERI. ValuEngine cut shares of Perion Network from a “hold” rating to a “sell” rating in a report on Tuesday, October 2nd. Taglich Brothers reissued a “speculative buy” rating on shares of Perion Network in a report on Monday, August 13th.
Shares of PERI stock opened at $2.83 on Monday. The company has a current ratio of 1.31, a quick ratio of 1.31 and a debt-to-equity ratio of 0.18. The stock has a market capitalization of $73.15 million, a PE ratio of 4.49 and a beta of 1.27. Perion Network has a 52-week low of $2.13 and a 52-week high of $4.05.
Perion Network (NASDAQ:PERI) last issued its earnings results on Thursday, November 1st. The technology company reported $0.08 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.15 by ($0.07). The firm had revenue of $57.18 million during the quarter, compared to the consensus estimate of $64.00 million. Perion Network had a negative net margin of 13.19% and a positive return on equity of 11.26%. As a group, equities analysts forecast that Perion Network will post 0.45 earnings per share for the current year.
Institutional investors have recently added to or reduced their stakes in the business. Essex Investment Management Co. LLC bought a new position in Perion Network in the 2nd quarter valued at about $208,000. Acadian Asset Management LLC raised its holdings in Perion Network by 43.2% in the 2nd quarter. Acadian Asset Management LLC now owns 741,081 shares of the technology company’s stock valued at $865,000 after acquiring an additional 223,473 shares during the period. Finally, Renaissance Technologies LLC raised its holdings in Perion Network by 11.6% in the 2nd quarter. Renaissance Technologies LLC now owns 2,791,600 shares of the technology company’s stock valued at $3,266,000 after acquiring an additional 289,400 shares during the period. 33.07% of the stock is currently owned by hedge funds and other institutional investors.
Perion Network Company Profile
Perion Network Ltd., a technology company, delivers advertising solutions to brands, agencies, and publishers in North America, Europe, and internationally. The company 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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