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

Brokerages have set a 12 month consensus price target of $5.25 for the company and are forecasting that the company will post $0.02 EPS for the current quarter, according to Zacks. Zacks has also given Perion Network an industry rank of 102 out of 256 based on the ratings given to related companies.

A number of research firms have commented on PERI. TheStreet raised Perion Network from a “d” rating to a “c” rating in a research note on Tuesday, April 16th. ValuEngine lowered Perion Network from a “hold” rating to a “sell” rating in a research note on Tuesday, May 28th. Finally, Zacks Investment Research raised Perion Network from a “hold” rating to a “buy” rating and set a $3.50 price objective on the stock in a research note on Friday, February 15th.

Institutional investors and hedge funds have recently modified their holdings of the company. Meitav Dash Investments Ltd. lifted its stake in shares of Perion Network by 30.3% during the first quarter. Meitav Dash Investments Ltd. now owns 17,210 shares of the technology company’s stock valued at $47,000 after acquiring an additional 4,000 shares during the period. Jane Street Group LLC lifted its stake in shares of Perion Network by 30.4% during the fourth quarter. Jane Street Group LLC now owns 47,182 shares of the technology company’s stock valued at $123,000 after acquiring an additional 10,991 shares during the period. Essex Investment Management Co. LLC lifted its stake in shares of Perion Network by 73.9% during the fourth quarter. Essex Investment Management Co. LLC now owns 103,017 shares of the technology company’s stock valued at $268,000 after acquiring an additional 43,774 shares during the period. Finally, Renaissance Technologies LLC lifted its stake in shares of Perion Network by 9.9% during the first quarter. Renaissance Technologies LLC now owns 1,208,319 shares of the technology company’s stock valued at $3,202,000 after acquiring an additional 108,877 shares during the period. 10.38% of the stock is currently owned by institutional investors and hedge funds.

PERI stock traded up $0.08 during trading on Friday, hitting $2.95. The company had a trading volume of 605 shares, compared to its average volume of 45,710. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.21 and a quick ratio of 1.21. The firm has a market cap of $78.58 million, a price-to-earnings ratio of 9.19 and a beta of 1.14. Perion Network has a fifty-two week low of $2.47 and a fifty-two week high of $3.96.

Perion Network (NASDAQ:PERI) last announced its quarterly earnings results on Wednesday, May 15th. The technology company reported $0.05 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.04 by $0.01. The business had revenue of $53.85 million for the quarter, compared to analyst estimates of $61.00 million. Perion Network had a return on equity of 8.90% and a net margin of 3.78%. On average, research analysts anticipate that Perion Network will post 0.38 earnings per share for the current year.

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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