Zacks: Perion Network Ltd Common Stock (PERI) Given Consensus Rating of “Hold” by Analysts

Shares of Perion Network Ltd Common Stock (NASDAQ:PERI) have been given an average broker rating score of 3.00 (Hold) from the one brokers that cover the company, Zacks Investment Research reports. One equities research analyst has rated the stock with a hold recommendation.

Zacks has also given Perion Network Ltd Common Stock an industry rank of 93 out of 255 based on the ratings given to related companies.

Separately, ValuEngine lowered shares of Perion Network Ltd Common Stock from a “buy” rating to a “hold” rating in a report on Wednesday, May 2nd.

Shares of PERI traded down $0.02 on Tuesday, reaching $1.19. The company’s stock had a trading volume of 67,327 shares, compared to its average volume of 237,287. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.20 and a quick ratio of 1.20. Perion Network Ltd Common Stock has a twelve month low of $0.71 and a twelve month high of $1.99. The firm has a market capitalization of $93.84 million, a PE ratio of 5.50 and a beta of 1.71.

Perion Network Ltd Common Stock (NASDAQ:PERI) last posted its earnings results on Thursday, May 10th. The technology company reported $0.04 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.02 by $0.02. Perion Network Ltd Common Stock had a negative net margin of 25.88% and a positive return on equity of 10.82%. The company had revenue of $60.91 million for the quarter.

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Deutsche Bank AG raised its holdings in shares of Perion Network Ltd Common Stock by 228.1% in the 4th quarter. Deutsche Bank AG now owns 128,861 shares of the technology company’s stock worth $132,000 after acquiring an additional 89,588 shares during the last quarter. Macquarie Group Ltd. raised its holdings in shares of Perion Network Ltd Common Stock by 120.7% in the 4th quarter. Macquarie Group Ltd. now owns 442,160 shares of the technology company’s stock worth $447,000 after acquiring an additional 241,802 shares during the last quarter. Finally, Renaissance Technologies LLC raised its holdings in shares of Perion Network Ltd Common Stock by 15.9% in the 4th quarter. Renaissance Technologies LLC now owns 2,339,900 shares of the technology company’s stock worth $2,410,000 after acquiring an additional 320,700 shares during the last quarter. Institutional investors own 11.42% of the company’s stock.

About Perion Network Ltd Common Stock

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.

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