Perion Network Ltd (NASDAQ:PERI) has received an average broker rating score of 2.50 (Hold) from the two brokers that cover the stock, Zacks Investment Research reports. One analyst has rated the stock with a hold rating and one has assigned a buy rating to the company.
Brokerages have set a twelve-month consensus price target of $5.50 for the company and are anticipating that the company will post $0.04 EPS for the current quarter, according to Zacks. Zacks has also assigned Perion Network an industry rank of 73 out of 255 based on the ratings given to related companies.
Separately, Zacks Investment Research raised Perion Network from a “sell” rating to a “hold” rating in a research note on Wednesday, January 9th.
Shares of PERI opened at $2.96 on Friday. The company has a quick ratio of 1.31, a current ratio of 1.35 and a debt-to-equity ratio of 0.16. Perion Network has a 52-week low of $2.13 and a 52-week high of $4.05. The firm has a market capitalization of $76.25 million, a price-to-earnings ratio of 9.55 and a beta of 1.30.
Perion Network (NASDAQ:PERI) last issued its quarterly earnings data on Wednesday, February 13th. The technology company reported $0.19 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.15 by $0.04. Perion Network had a return on equity of 10.33% and a net margin of 3.21%. The firm had revenue of $71.96 million during the quarter, compared to the consensus estimate of $74.25 million. On average, equities research analysts forecast that Perion Network will post 0.32 earnings per share for the current year.
A hedge fund recently raised its stake in Perion Network stock. Essex Investment Management Co. LLC grew its position in Perion Network Ltd (NASDAQ:PERI) by 73.9% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 103,017 shares of the technology company’s stock after buying an additional 43,774 shares during the period. Essex Investment Management Co. LLC owned 0.40% of Perion Network worth $268,000 at the end of the most recent reporting period. Institutional investors own 10.48% of the company’s stock.
About Perion Network
Perion Network Ltd. is a global technology company, which engages in the provision of advertising solutions to brands and publishers. It offers the following business solutions: Undertone, which connects brands to consumers using engaging creatives; Code Fuel, which enables developers to optimize search traffic and generate incremental revenue; MakeMeReach, an automated social management platform that help ad performance across Facebook, Twitter, Instagram, and Snapchat; and Smilebox, a desktop and mobile applications.
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