1 week Ago By ABMN Staff
Perion Network Ltd. ( NASDAQ:PERI – Get Free Report ) has earned a consensus recommendation of “Hold” from the six brokerages that are currently covering the firm, Marketbeat.com reports.
Five analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The average 12-month target price among analysts that have covered the stock in the last year is $13.67.
A number of analysts have recently issued reports on the company. Oppenheimer cut Perion Network from an “outperform” rating to a “market perform” rating in a report on Monday, June 10th. Lake Street Capital raised shares of Perion Network from a “hold” rating to a “buy” rating and set a $10.
00 target price on the stock in a research note on Wednesday, July 31st. StockNews.com downgraded Perion Network from a “buy” rating to a “hold” rating in a report on Tuesday, May 14th.
Finally, Needham & Company LLC restated a “hold” rating on shares of Perion Network in a research note on Thursday, August 1st. View Our Latest Research Report on Perion Network Perion Network Price Performance Perion Network ( NASDAQ:PERI – Get Free Report ) last announced its quarterly earnings data on Wednesday, July 31st. The technology company reported $0.
15 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.12 by $0.03.
The company had revenue of $108.69 million during the quarter, compared to analysts’ expectations of $106.98 million.
Perion Network had a net margin of 11.34% and a return on equity of 15.65%.
Analysts expect that Perion Network will post 0.91 earnings per share for the current fiscal year. Hedge Funds Weigh In On Perion Network A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company.
Harel Insurance Investments & Financial Services Ltd. grew its stake in Perion Network by 18.8% during the 1st quarter.
Harel Insurance Investments & Financial Services Ltd. now owns 3,943,795 shares of the technology company’s stock valued at $88,657,000 after purchasing an additional 624,441 shares in the last quarter. Acadian Asset Management LLC boosted its stake in Perion Network by 43.
5% in the second quarter. Acadian Asset Management LLC now owns 1,722,676 shares of the technology company’s stock valued at $14,367,000 after acquiring an additional 522,424 shares during the period. Y.
D. More Investments Ltd boosted its position in Perion Network by 580.4% during the 2nd quarter.
Y.D. More Investments Ltd now owns 264,379 shares of the technology company’s stock valued at $2,191,000 after purchasing an additional 225,520 shares during the period.
Squarepoint Ops LLC grew its stake in Perion Network by 997.5% during the 2nd quarter. Squarepoint Ops LLC now owns 133,815 shares of the technology company’s stock worth $1,117,000 after buying an additional 121,622 shares during the last quarter.
Finally, ARK Investment Management LLC increased its position in Perion Network by 156.9% in the second quarter. ARK Investment Management LLC now owns 192,002 shares of the technology company’s stock worth $1,603,000 after buying an additional 117,253 shares during the period.
68.12% of the stock is owned by hedge funds and other institutional investors. About Perion Network ( Get Free Report Perion Network Ltd.
provides digital advertising solutions to brands, agencies, and publishers in North America, Europe, and internationally. It offers Wildfire, a content monetization platform; search monetization solutions, including website monetization, search mediation, and app monetization; and cross-channel digital advertising software as a service platform. Further Reading 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.
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