Shares of Perion Network Ltd (NASDAQ:PERI) have received a consensus broker rating score of 2.50 (Hold) from the two analysts that cover the company, Zacks Investment Research reports. One research analyst has rated the stock with a hold recommendation and one has assigned a buy recommendation to the company.
Brokers have set a one year consensus price target of $5.50 for the company and are forecasting that the company will post $0.15 earnings per share for the current quarter, according to Zacks. Zacks has also assigned Perion Network an industry rank of 193 out of 257 based on the ratings given to its competitors.
Several research firms recently weighed in on PERI. Zacks Investment Research cut shares of Perion Network from a “hold” rating to a “sell” rating in a research note on Saturday. ValuEngine cut shares of Perion Network from a “hold” rating to a “sell” rating in a research note on Tuesday, October 2nd. Finally, Taglich Brothers reissued a “speculative buy” rating on shares of Perion Network in a research note on Monday, August 13th.
Shares of NASDAQ:PERI traded up $0.03 during midday trading on Monday, hitting $2.98. The stock had a trading volume of 9,551 shares, compared to its average volume of 41,535. Perion Network has a 12 month low of $2.13 and a 12 month high of $4.05. The company has a current ratio of 1.31, a quick ratio of 1.31 and a debt-to-equity ratio of 0.18. The stock has a market capitalization of $75.73 million, a PE ratio of 4.73 and a beta of 1.27.
Perion Network (NASDAQ:PERI) last released its earnings results on Thursday, November 1st. The technology company reported $0.08 earnings per share for the quarter, missing the consensus estimate of $0.15 by ($0.07). Perion Network had a negative net margin of 13.19% and a positive return on equity of 11.26%. The firm had revenue of $57.18 million during the quarter, compared to the consensus estimate of $64.00 million. On average, equities analysts predict that Perion Network will post 0.28 earnings per share for the current fiscal year.
Perion Network Company Profile
Perion Network Ltd., a technology company, delivers advertising solutions to brands, agencies, and publishers in North America, Europe, and internationally. The company develops digital advertising solutions to capture consumer attention and drive engagement, as well as delivers ads across a portfolio of Websites and mobile applications.
See Also: Dividend Aristocrat Index
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Perion Network Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Perion Network and related companies with MarketBeat.com's FREE daily email newsletter.