Perion Network Ltd. (NASDAQ:PERI) Receives Average Rating of "Hold" from Analysts

Perion Network Ltd. (NASDAQ:PERI - Get Free Report) has received a consensus recommendation of "Hold" from the six brokerages that are presently covering the firm, MarketBeat reports. Five analysts have rated the stock with a hold rating and one has given a buy rating to the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is $12.25.

A number of equities research analysts have commented on the company. Needham & Company LLC reissued a "hold" rating on shares of Perion Network in a report on Thursday, February 20th. Lake Street Capital restated a "buy" rating and issued a $10.50 price target (down previously from $11.00) on shares of Perion Network in a report on Wednesday, February 19th. Finally, StockNews.com downgraded shares of Perion Network from a "hold" rating to a "sell" rating in a report on Thursday, February 20th.

Perion Network Trading Up 0.9 %

Shares of Perion Network stock traded up $0.07 during trading hours on Monday, hitting $8.14. 364,528 shares of the company were exchanged, compared to its average volume of 581,441. The business has a 50-day moving average of $8.78 and a 200-day moving average of $8.52. Perion Network has a 1 year low of $7.47 and a 1 year high of $22.69. The stock has a market capitalization of $364.88 million, a price-to-earnings ratio of 31.31, a P/E/G ratio of 0.76 and a beta of 1.53.

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Perion Network (NASDAQ:PERI - Get Free Report) last issued its quarterly earnings results on Wednesday, February 19th. The technology company reported $0.19 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.34 by ($0.15). The firm had revenue of $129.58 million for the quarter, compared to analyst estimates of $130.44 million. Perion Network had a return on equity of 5.55% and a net margin of 2.53%. As a group, research analysts anticipate that Perion Network will post 0.51 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Perion Network

Large investors have recently added to or reduced their stakes in the stock. Russell Investments Group Ltd. acquired a new stake in shares of Perion Network in the 4th quarter worth approximately $41,000. SBI Securities Co. Ltd. acquired a new stake in shares of Perion Network during the 4th quarter valued at $45,000. Perritt Capital Management Inc acquired a new position in shares of Perion Network in the 4th quarter valued at $127,000. Point72 Asset Management L.P. acquired a new stake in shares of Perion Network during the third quarter valued at approximately $134,000. Finally, XTX Topco Ltd acquired a new stake in shares of Perion Network in the third quarter worth $150,000. 68.12% of the stock is owned by institutional investors and hedge funds.

Perion Network Company Profile

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.