Perion Network Ltd (NASDAQ:PERI) has been given a consensus broker rating score of 2.50 (Hold) from the two brokers that provide coverage for the stock, Zacks Investment Research reports. One investment analyst has rated the stock with a hold rating and one has assigned a buy rating to the company.
Brokers have set a 12 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 153 out of 255 based on the ratings given to its competitors.
Separately, Zacks Investment Research raised shares of Perion Network from a “hold” rating to a “buy” rating and set a $3.50 price target for the company in a research note on Friday, February 15th.
A hedge fund recently raised its stake in Perion Network stock. Essex Investment Management Co. LLC lifted its stake in Perion Network Ltd (NASDAQ:PERI) by 73.9% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 103,017 shares of the technology company’s stock after acquiring an additional 43,774 shares during the quarter. 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 and hedge funds own 10.48% of the company’s stock.
Shares of Perion Network stock traded up $0.11 during mid-day trading on Wednesday, hitting $3.13. The stock had a trading volume of 264 shares, compared to its average volume of 39,151. Perion Network has a 12-month low of $2.13 and a 12-month high of $4.05. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.35 and a quick ratio of 1.35. The stock has a market cap of $76.26 million, a price-to-earnings ratio of 10.10 and a beta of 1.28.
Perion Network (NASDAQ:PERI) last posted its quarterly earnings results on Wednesday, February 13th. The technology company reported $0.19 earnings per share for the quarter, beating the consensus estimate of $0.15 by $0.04. Perion Network had a net margin of 3.21% and a return on equity of 10.33%. The business had revenue of $71.96 million during the quarter, compared to analysts’ expectations of $74.25 million. Equities analysts expect that Perion Network will post 0.32 earnings per share for the current fiscal year.
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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