Zacks: Perion Network Ltd (PERI) Receives Average Rating of “Hold” from Analysts

Shares of Perion Network Ltd (NASDAQ:PERI) have earned a consensus broker rating score of 2.50 (Hold) from the two analysts that provide coverage for the stock, Zacks Investment Research reports. One analyst has rated the stock with a hold recommendation and one has given a buy recommendation to the company.

Analysts have set a 12-month consensus price objective of $5.50 for the company and are forecasting that the company will post $0.15 EPS for the current quarter, according to Zacks. Zacks has also given Perion Network an industry rank of 157 out of 256 based on the ratings given to its competitors.

PERI has been the subject of several recent research reports. ValuEngine cut Perion Network from a “hold” rating to a “sell” rating in a research note on Tuesday, October 2nd. Zacks Investment Research cut Perion Network from a “hold” rating to a “sell” rating in a research note on Saturday, November 10th.

Shares of PERI opened at $2.87 on Tuesday. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.31 and a quick ratio of 1.31. The stock has a market capitalization of $75.22 million, a PE ratio of 4.56 and a beta of 1.01. Perion Network has a 1 year low of $2.13 and a 1 year high of $4.05.

Perion Network (NASDAQ:PERI) last announced its quarterly earnings data 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 company had revenue of $57.18 million during 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%. As a group, sell-side analysts expect 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 increased its holdings in shares of Perion Network Ltd (NASDAQ:PERI) by 11.6% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund 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 at the end of the most recent quarter. 10.45% of the stock is owned by 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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