Perion Network (NASDAQ:PERI) Lifted to Hold at ValuEngine

ValuEngine upgraded shares of Perion Network (NASDAQ:PERI) from a sell rating to a hold rating in a research note issued to investors on Tuesday morning, ValuEngine reports.

A number of other research analysts have also issued reports on the stock. 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. Lake Street Capital initiated coverage on shares of Perion Network in a research note on Monday, July 8th. They set a buy rating and a $6.00 target price for the company. Finally, TheStreet raised shares of Transcontinental Realty Investors from a d+ rating to a c+ rating in a research note on Tuesday, April 16th. Two equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. The stock has an average rating of Buy and an average target price of $5.42.

Shares of NASDAQ PERI traded down $0.04 during trading hours on Tuesday, reaching $4.03. The stock had a trading volume of 145,826 shares, compared to its average volume of 152,143. The company has a current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 0.24. The firm has a market cap of $105.21 million, a price-to-earnings ratio of 13.00, a price-to-earnings-growth ratio of 2.12 and a beta of 1.05. The company has a fifty day moving average price of $3.10. Perion Network has a 52-week low of $2.47 and a 52-week high of $4.35.

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

An institutional investor recently raised its position in Perion Network stock. Jane Street Group LLC lifted its stake in Perion Network Ltd (NASDAQ:PERI) by 30.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 47,182 shares of the technology company’s stock after acquiring an additional 10,991 shares during the period. Jane Street Group LLC owned 0.18% of Perion Network worth $123,000 as of its most recent filing with the Securities and Exchange Commission. Hedge funds and other institutional investors own 10.38% of the company’s stock.

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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