Shares of Perion Network Ltd. (NASDAQ:PERI – Get Free Report) have been assigned a consensus rating of “Hold” from the six research firms that are currently covering the firm, Marketbeat reports. Five equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The average 1-year price target among brokers that have issued a report on the stock in the last year is $12.13.
PERI has been the subject of a number of analyst reports. Stifel Nicolaus dropped their price target on Perion Network from $9.00 to $7.50 and set a “hold” rating for the company in a research report on Monday, October 14th. Lake Street Capital upgraded Perion Network from a “hold” rating to a “buy” rating and set a $10.00 price target for the company in a research report on Wednesday, July 31st. Finally, Needham & Company LLC reiterated a “hold” rating on shares of Perion Network in a research report on Thursday, August 1st.
Read Our Latest Stock Analysis on PERI
Institutional Trading of Perion Network
Perion Network Price Performance
PERI stock opened at $7.89 on Friday. The business has a 50 day simple moving average of $8.18 and a 200-day simple moving average of $9.54. The firm has a market capitalization of $378.65 million, a PE ratio of 3.76, a price-to-earnings-growth ratio of 0.39 and a beta of 1.48. Perion Network has a 1 year low of $7.47 and a 1 year high of $32.99.
Perion Network (NASDAQ:PERI – Get Free Report) last posted its quarterly earnings results on Wednesday, July 31st. The technology company reported $0.15 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.12 by $0.03. The business had revenue of $108.69 million during the quarter, compared to analyst estimates of $106.98 million. Perion Network had a return on equity of 15.65% and a net margin of 11.34%. On average, equities research analysts expect that Perion Network will post 0.91 EPS for the current year.
About Perion Network
Perion Network Ltd. provides digital advertising solutions to brands, agencies, and publishers in North America, Europe, and internationally. It offers Wildfire, a content monetization platform; search monetization solutions, including website monetization, search mediation, and app monetization; and cross-channel digital advertising software as a service platform.
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