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.
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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