Shares of Perion Network Ltd. (NASDAQ:PERI – Get Free Report) have been given an average rating of “Hold” by the six ratings firms that are currently covering the firm, MarketBeat Ratings reports. Six analysts have rated the stock with a hold rating. The average 1 year price target among brokers that have issued ratings on the stock in the last year is $24.60.
A number of brokerages recently commented on PERI. Roth Capital lowered Perion Network from a “buy” rating to a “neutral” rating in a research report on Tuesday, April 9th. Roth Mkm reiterated a “neutral” rating and issued a $13.00 price objective (down from $35.00) on shares of Perion Network in a research report on Tuesday, April 9th. Needham & Company LLC lowered Perion Network from a “buy” rating to a “hold” rating in a research report on Monday, June 10th. Oppenheimer lowered Perion Network from an “outperform” rating to a “market perform” rating in a research report on Monday, June 10th. Finally, StockNews.com lowered Perion Network from a “buy” rating to a “hold” rating in a research report on Tuesday, May 14th.
Check Out Our Latest Stock Report on PERI
Hedge Funds Weigh In On Perion Network
Perion Network Stock Performance
Shares of NASDAQ:PERI opened at $8.37 on Friday. Perion Network has a twelve month low of $8.14 and a twelve month high of $36.86. The firm has a market cap of $401.68 million, a PE ratio of 3.99, a price-to-earnings-growth ratio of 0.44 and a beta of 1.40. The business has a fifty day moving average of $11.23 and a 200-day moving average of $20.19.
Perion Network (NASDAQ:PERI – Get Free Report) last announced its earnings results on Wednesday, May 8th. The technology company reported $0.35 earnings per share for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.01). Perion Network had a net margin of 13.94% and a return on equity of 20.70%. The business had revenue of $157.82 million during the quarter, compared to analyst estimates of $156.96 million. On average, analysts anticipate that Perion Network will post 0.86 EPS for the current fiscal 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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