Perion Network (NASDAQ:PERI - Get Free Report)'s stock had its "hold" rating reissued by Needham & Company LLC in a research report issued on Thursday,Benzinga reports.
Perion Network Stock Down 0.2 %
Perion Network stock traded down $0.02 during mid-day trading on Thursday, hitting $8.52. The company had a trading volume of 423,296 shares, compared to its average volume of 412,279. The stock has a market cap of $381.95 million, a price-to-earnings ratio of 32.77, a PEG ratio of 0.76 and a beta of 1.48. Perion Network has a 1 year low of $7.47 and a 1 year high of $23.74. The business has a fifty day moving average of $8.88 and a 200 day moving average of $8.55.
Perion Network (NASDAQ:PERI - Get Free Report) last announced its quarterly earnings results on Wednesday, February 19th. The technology company reported $0.19 EPS for the quarter, missing the consensus estimate of $0.34 by ($0.15). The company had revenue of $129.58 million during the quarter, compared to analysts' expectations of $130.44 million. Perion Network had a net margin of 2.53% and a return on equity of 5.54%. Equities analysts anticipate that Perion Network will post 0.51 earnings per share for the current year.
Institutional Investors Weigh In On Perion Network
Several institutional investors have recently made changes to their positions in PERI. Russell Investments Group Ltd. purchased a new stake in shares of Perion Network during the 4th quarter worth $41,000. SBI Securities Co. Ltd. purchased a new stake in shares of Perion Network during the 4th quarter worth $45,000. Perritt Capital Management Inc purchased a new stake in shares of Perion Network during the 4th quarter worth $127,000. Point72 Asset Management L.P. purchased a new stake in shares of Perion Network during the 3rd quarter worth $134,000. Finally, XTX Topco Ltd purchased a new stake in shares of Perion Network during the 3rd quarter worth $150,000. 68.12% of the stock is currently owned by hedge funds and other institutional investors.
About Perion Network
(
Get Free Report)
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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