Perion Network Ltd (NASDAQ:PERI) was the target of a large increase in short interest in June. As of June 30th, there was short interest totalling 58,400 shares, an increase of 33.6% from the May 30th total of 43,700 shares. Approximately 0.4% of the shares of the stock are short sold. Based on an average daily trading volume, of 39,900 shares, the short-interest ratio is presently 1.5 days.
Shares of PERI traded up $0.18 during mid-day trading on Friday, reaching $3.51. The company had a trading volume of 139,527 shares, compared to its average volume of 81,893. Perion Network has a twelve month low of $2.47 and a twelve month high of $3.95. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 0.24. The stock’s 50-day moving average price is $3.02. The stock has a market cap of $86.08 million, a P/E ratio of 11.32, a P/E/G ratio of 1.73 and a beta of 1.05.
Perion Network (NASDAQ:PERI) last released its quarterly earnings results on Wednesday, May 15th. The technology company reported $0.05 EPS for the quarter, topping the Zacks’ consensus estimate of $0.04 by $0.01. The business had revenue of $53.85 million for the quarter, compared to analyst estimates of $61.00 million. Perion Network had a return on equity of 8.90% and a net margin of 3.78%. On average, equities analysts predict that Perion Network will post 0.32 earnings per share for the current fiscal year.
A hedge fund recently raised its stake in Perion Network stock. Jane Street Group LLC lifted its stake in shares of Perion Network Ltd (NASDAQ:PERI) by 30.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 47,182 shares of the technology company’s stock after acquiring an additional 10,991 shares during the period. Jane Street Group LLC owned 0.18% of Perion Network worth $123,000 as of its most recent SEC filing. 10.38% of the stock is owned by hedge funds and other institutional investors.
A number of equities analysts have recently issued reports on PERI shares. Lake Street Capital started coverage on Perion Network in a report on Monday, July 8th. They issued a “buy” rating and a $6.00 target price for the company. ValuEngine cut Zynerba Pharmaceuticals from a “buy” rating to a “hold” rating in a report on Tuesday, May 28th. TheStreet raised Transcontinental Realty Investors from a “d+” rating to a “c+” rating in a report on Tuesday, April 16th. Finally, Zacks Investment Research raised Investors Real Estate Trust Reit from a “sell” rating to a “hold” rating in a report on Thursday, May 23rd. One research analyst has rated the stock with a sell rating, one has issued a hold rating and two have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $5.42.
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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