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

Brokerages have set a 1 year consensus price target of $5.50 for the company and are predicting 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 71 out of 255 based on the ratings given to related companies.

Separately, Zacks Investment Research raised Perion Network from a “hold” rating to a “buy” rating and set a $3.50 price target on the stock in a report on Friday, February 15th.

An institutional investor recently raised its position in Perion Network stock. Essex Investment Management Co. LLC raised its position in shares of Perion Network Ltd (NASDAQ:PERI) by 73.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 103,017 shares of the technology company’s stock after purchasing 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 quarter. 10.48% of the stock is currently owned by institutional investors.

Shares of NASDAQ PERI traded down $0.09 during trading on Friday, hitting $2.87. The company had a trading volume of 12,781 shares, compared to its average volume of 93,365. The stock has a market capitalization of $74.18 million, a P/E ratio of 9.26 and a beta of 1.30. Perion Network has a 52 week low of $2.13 and a 52 week high of $4.05. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.31 and a current ratio of 1.35.

Perion Network (NASDAQ:PERI) last posted its quarterly earnings results on Wednesday, February 13th. The technology company reported $0.19 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.15 by $0.04. The company had revenue of $71.96 million for the quarter, compared to analysts’ expectations of $74.25 million. Perion Network had a return on equity of 10.33% and a net margin of 3.21%. On average, research analysts forecast that Perion Network will post 0.32 earnings per share for the current year.

Perion Network Company Profile

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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