Perion Network Ltd (NASDAQ:PERI) Given $5.50 Average Target Price by Brokerages

Perion Network Ltd (NASDAQ:PERI) has been given a consensus broker rating score of 2.00 (Buy) from the three analysts that cover the company, Zacks Investment Research reports. One research analyst has rated the stock with a hold rating, one has given a buy rating and one has assigned a strong buy rating to the company. Perion Network’s rating score has improved by 20% from 90 days ago as a result of various analysts’ upgrades and downgrades.

Brokers have set a 12-month consensus price objective of $5.50 for the company and are forecasting 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.

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

An institutional investor recently raised its position in Perion Network stock. Meitav Dash Investments Ltd. raised its stake in Perion Network Ltd (NASDAQ:PERI) by 30.3% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 17,210 shares of the technology company’s stock after purchasing an additional 4,000 shares during the quarter. Meitav Dash Investments Ltd. owned 0.07% of Perion Network worth $47,000 at the end of the most recent reporting period. Institutional investors own 10.38% of the company’s stock.

Shares of PERI stock traded up $0.25 on Tuesday, hitting $4.25. The stock had a trading volume of 457,200 shares, compared to its average volume of 73,539. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.21 and a current ratio of 1.21. The business has a 50 day moving average price of $3.06. The company has a market capitalization of $90.73 million, a P/E ratio of 13.71, a PEG ratio of 1.83 and a beta of 1.06. Perion Network has a one year low of $2.47 and a one year high of $4.35.

Perion Network (NASDAQ:PERI) last posted its earnings results on Wednesday, May 15th. The technology company reported $0.05 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.04 by $0.01. Perion Network had a return on equity of 8.90% and a net margin of 3.78%. The company had revenue of $53.85 million for the quarter, compared to analyst estimates of $61.00 million. On average, research analysts predict that Perion Network will post 0.32 earnings per share for the current fiscal 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 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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