Shares of Perion Network Ltd (NASDAQ:PERI) have earned a consensus broker rating score of 3.00 (Hold) from the one analysts that provide coverage for the stock, Zacks Investment Research reports. One analyst has rated the stock with a hold recommendation.
Zacks has also given Perion Network an industry rank of 72 out of 265 based on the ratings given to its competitors.
Separately, Benchmark Co. restated a “hold” rating on shares of Perion Network in a report on Friday, March 10th.
Shares of Perion Network (NASDAQ:PERI) traded down 1.76% on Friday, hitting $1.67. 113,025 shares of the company traded hands. Perion Network has a 1-year low of $0.94 and a 1-year high of $2.38. The firm has a market capitalization of $128.96 million, a P/E ratio of 556.67 and a beta of 1.72. The firm’s 50-day moving average is $1.84 and its 200 day moving average is $1.54.
Perion Network (NASDAQ:PERI) last posted its quarterly earnings data on Tuesday, March 7th. The technology company reported $0.08 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.12 by $0.04. Perion Network had a negative net margin of 5.71% and a positive return on equity of 10.88%. The company had revenue of $84.50 million for the quarter, compared to analyst estimates of $80.13 million. During the same quarter last year, the company earned $0.10 EPS. The business’s revenue was up 25.0% compared to the same quarter last year. On average, analysts anticipate that Perion Network will post $0.32 earnings per share for the current fiscal year.
An institutional investor recently bought a new position in Perion Network stock. First Wilshire Securities Management Inc. bought a new position in shares of Perion Network Ltd (NASDAQ:PERI) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund bought 91,696 shares of the technology company’s stock, valued at approximately $130,000. First Wilshire Securities Management Inc. owned approximately 0.12% of Perion Network at the end of the most recent quarter. 16.18% of the stock is currently owned by institutional investors.
Perion Network Company Profile
Perion Network Ltd. is a global technology company. It is engaged in delivering advertising solutions to brands and publishers. It operates through High Impact Advertising solutions segment. It provides execution, ranging from high-impact advertisement formats to branded search, and a unified social and mobile programmatic platform.
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