Perion Network (PERI) Posts Quarterly Earnings Results, Beats Expectations By $0.09 EPS

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Perion Network (NASDAQ:PERI) issued its quarterly earnings data on Wednesday. The technology company reported $0.13 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.04 by $0.09, Fidelity Earnings reports. Perion Network had a net margin of 3.21% and a return on equity of 10.33%.

Perion Network stock opened at $2.97 on Thursday. The firm has a market capitalization of $77.29 million, a P/E ratio of 9.58 and a beta of 1.33. Perion Network has a 1-year low of $2.47 and a 1-year high of $4.05. The company has a quick ratio of 1.35, a current ratio of 1.35 and a debt-to-equity ratio of 0.16.

PERI has been the subject of several research reports. Zacks Investment Research downgraded shares of Perion Network from a “buy” rating to a “hold” rating in a research report on Friday, April 26th. TheStreet raised shares of Perion Network from a “d” rating to a “c” rating in a research report on Tuesday, April 16th. Finally, ValuEngine raised shares of Perion Network from a “sell” rating to a “hold” rating in a research report on Wednesday, May 1st.

A number of institutional investors have recently added to or reduced their stakes in PERI. Meitav Dash Investments Ltd. grew its position in Perion Network by 30.3% in the first quarter. Meitav Dash Investments Ltd. now owns 17,210 shares of the technology company’s stock valued at $47,000 after purchasing an additional 4,000 shares in the last quarter. Jane Street Group LLC grew its position in Perion Network by 30.4% in the fourth quarter. Jane Street Group LLC now owns 47,182 shares of the technology company’s stock valued at $123,000 after purchasing an additional 10,991 shares in the last quarter. Essex Investment Management Co. LLC grew its position in Perion Network by 73.9% in the fourth quarter. Essex Investment Management Co. LLC now owns 103,017 shares of the technology company’s stock valued at $268,000 after purchasing an additional 43,774 shares in the last quarter. Finally, Renaissance Technologies LLC grew its position in Perion Network by 9.9% in the first quarter. Renaissance Technologies LLC now owns 1,208,319 shares of the technology company’s stock valued at $3,202,000 after purchasing an additional 108,877 shares in the last quarter. 10.48% of the stock is owned by institutional investors and hedge funds.

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About Perion Network

Perion Network Ltd. is a global technology company, which engages in the provision of advertising solutions to brands and publishers through innovative platforms. It is committed to providing data-driven execution, from high-impact ad formats to branded search and a unified social and mobile programmatic platform.

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Earnings History for Perion Network (NASDAQ:PERI)

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