Perion Network Ltd (NASDAQ:PERI) Given Consensus Rating of “Buy” by Brokerages

Perion Network Ltd (NASDAQ:PERI) has received a consensus broker rating score of 2.00 (Buy) from the three brokers that cover the company, Zacks Investment Research reports. One investment analyst has rated the stock with a hold rating, one has issued a buy rating and one has issued a strong buy rating on the company. Perion Network’s rating score has improved by 20% in the last three months as a result of various analysts’ upgrades and downgrades.

Analysts have set a twelve-month consensus target price of $5.50 for the company and are predicting that the company will post $0.03 EPS for the current quarter, according to Zacks. Zacks has also given Perion Network an industry rank of 197 out of 256 based on the ratings given to related companies.

PERI has been the subject of a number of research reports. Zacks Investment Research raised shares of Investors Real Estate Trust Reit from a “sell” rating to a “hold” rating in a research note on Thursday, May 23rd. TheStreet raised shares of Transcontinental Realty Investors from a “d+” rating to a “c+” rating in a research note on Tuesday, April 16th. ValuEngine raised shares of Vale from a “sell” rating to a “hold” rating in a research note on Tuesday. Finally, Lake Street Capital initiated coverage on shares of Perion Network in a research note on Monday, July 8th. They issued a “buy” rating and a $6.00 price target for the company.

PERI stock traded up $0.25 during midday trading on Tuesday, reaching $4.25. The company had a trading volume of 457,200 shares, compared to its average volume of 73,539. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 0.24. Perion Network has a 1 year low of $2.47 and a 1 year high of $4.35. The company has a market cap of $90.73 million, a P/E ratio of 13.71, a P/E/G ratio of 1.83 and a beta of 1.06. The company’s 50-day moving average is $3.06.

Perion Network (NASDAQ:PERI) last released its quarterly earnings results on Wednesday, May 15th. The technology company reported $0.05 EPS for the quarter, topping the Zacks’ consensus estimate of $0.04 by $0.01. Perion Network had a net margin of 3.78% and a return on equity of 8.90%. The business had revenue of $53.85 million during the quarter, compared to analysts’ expectations of $61.00 million. As a group, analysts anticipate that Perion Network will post 0.32 EPS for the current fiscal year.

A hedge fund recently raised its stake in Perion Network stock. Jane Street Group LLC lifted its holdings in Perion Network Ltd (NASDAQ:PERI) by 30.4% in the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 47,182 shares of the technology company’s stock after acquiring an additional 10,991 shares during the quarter. Jane Street Group LLC owned 0.18% of Perion Network worth $123,000 at the end of the most recent quarter. Institutional investors and hedge funds own 10.38% 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 through innovative platforms. It is committed to providing data-driven execution, from high-impact ad formats to branded search and a unified social and mobile programmatic platform.

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