Perion Network Ltd (NASDAQ:PERI) has been assigned an average broker rating score of 2.50 (Hold) from the two brokers that provide coverage for the stock, Zacks Investment Research reports. One research analyst has rated the stock with a hold recommendation and one has assigned a buy recommendation to the company.
Brokers have set a 1-year consensus price objective of $5.50 for the company and are predicting that the company will post $0.15 earnings per share for the current quarter, according to Zacks. Zacks has also given Perion Network an industry rank of 149 out of 257 based on the ratings given to related companies.
A number of equities analysts have commented on the stock. Zacks Investment Research downgraded shares of Perion Network from a “hold” rating to a “sell” rating in a research note on Saturday, November 10th. ValuEngine downgraded shares of Perion Network from a “hold” rating to a “sell” rating in a research note on Tuesday, October 2nd. Finally, Taglich Brothers reissued a “speculative buy” rating on shares of Perion Network in a research report on Monday, August 13th.
Perion Network stock traded up $0.02 during mid-day trading on Thursday, hitting $2.67. The stock had a trading volume of 18,278 shares, compared to its average volume of 29,293. The company has a market capitalization of $68.50 million, a P/E ratio of 4.24 and a beta of 1.28. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.31 and a current ratio of 1.31. Perion Network has a one year low of $2.13 and a one year high of $4.05.
Perion Network (NASDAQ:PERI) last announced its earnings results on Thursday, November 1st. The technology company reported $0.08 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.15 by ($0.07). The business had revenue of $57.18 million for the quarter, compared to analysts’ expectations of $64.00 million. Perion Network had a negative net margin of 13.19% and a positive return on equity of 11.26%. Analysts forecast that Perion Network will post 0.28 EPS for the current year.
An institutional investor recently raised its position in Perion Network stock. Renaissance Technologies LLC grew its stake in Perion Network Ltd (NASDAQ:PERI) by 11.6% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,791,600 shares of the technology company’s stock after purchasing an additional 289,400 shares during the quarter. Renaissance Technologies LLC owned approximately 3.60% of Perion Network worth $3,266,000 as of its most recent SEC filing. 10.45% of the stock is 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.
Recommended Story: Swap
Get a free copy of the Zacks research report on Perion Network (PERI)
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Perion Network Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Perion Network and related companies with MarketBeat.com's FREE daily email newsletter.