Analysts Anticipate Perion Network Ltd (PERI) to Announce $0.15 EPS

Share on StockTwits

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.

Several large investors have recently added to or reduced their stakes in the stock. Essex Investment Management Co. LLC bought a new position in Perion Network during the second quarter worth $208,000. Acadian Asset Management LLC boosted its position in Perion Network by 43.2% during the second quarter. Acadian Asset Management LLC now owns 741,081 shares of the technology company’s stock worth $865,000 after purchasing an additional 223,473 shares during the period. Finally, Renaissance Technologies LLC boosted its position in Perion Network by 11.6% during the second quarter. Renaissance Technologies LLC now owns 2,791,600 shares of the technology company’s stock worth $3,266,000 after purchasing an additional 289,400 shares during the period. 33.07% of the stock is owned by institutional investors and hedge funds.

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

Get a free copy of the Zacks research report on Perion Network (PERI)

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.

Latest News

Rent-A-Center  Upgraded to Buy by BidaskClub
Rent-A-Center Upgraded to Buy by BidaskClub
Grand Canyon Education  Downgraded by BidaskClub to Buy
Grand Canyon Education Downgraded by BidaskClub to Buy
TFS Financial  Upgraded at ValuEngine
TFS Financial Upgraded at ValuEngine
Cheesecake Factory  Upgraded at BidaskClub
Cheesecake Factory Upgraded at BidaskClub
Uniti Group  Cut to Sell at Zacks Investment Research
Uniti Group Cut to Sell at Zacks Investment Research
Royal Bank of Scotland Group  Lowered to Strong Sell at ValuEngine
Royal Bank of Scotland Group Lowered to Strong Sell at ValuEngine


Leave a Reply

© 2006-2018 Ticker Report