2 weeks Ago By Defense World Staff
Perion Network Ltd. ( NASDAQ:PERI – Get Free Report ) has been assigned an average recommendation of “Hold” from the five research firms that are covering the company, MarketBeat Ratings reports. Four analysts have rated the stock with a hold rating and one has given a buy rating to the company.
The average 12-month price objective among analysts that have issued ratings on the stock in the last year is $13.67. A number of equities analysts recently commented on PERI shares.
Oppenheimer downgraded shares of Perion Network from an “outperform” rating to a “market perform” rating in a research note on Monday, June 10th. Needham & Company LLC reissued a “hold” rating on shares of Perion Network in a research report on Thursday, August 1st. Finally, Lake Street Capital raised Perion Network from a “hold” rating to a “buy” rating and set a $10.
00 price objective on the stock in a research report on Wednesday, July 31st. Check Out Our Latest Report on Perion Network Perion Network Trading Down 1.5 % Perion Network ( NASDAQ:PERI – Get Free Report ) last posted its earnings results on Wednesday, July 31st.
The technology company reported $0.15 EPS for the quarter, beating analysts’ consensus estimates of $0.12 by $0.
03. Perion Network had a net margin of 11.34% and a return on equity of 15.
65%. The business had revenue of $108.69 million for the quarter, compared to the consensus estimate of $106.
98 million. Research analysts predict that Perion Network will post 0.91 EPS for the current fiscal year.
Hedge Funds Weigh In On Perion Network Large investors have recently made changes to their positions in the business. 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 worth $88,657,000 after buying an additional 624,441 shares during the last quarter.
Acadian Asset Management LLC grew its stake in shares of Perion Network by 43.5% during the second quarter. Acadian Asset Management LLC now owns 1,722,676 shares of the technology company’s stock worth $14,367,000 after acquiring an additional 522,424 shares during the last quarter.
Vanguard Group Inc. increased its holdings in shares of Perion Network by 2.4% during the first quarter.
Vanguard Group Inc. now owns 1,485,179 shares of the technology company’s stock valued at $33,387,000 after acquiring an additional 35,476 shares in the last quarter. Renaissance Technologies LLC raised its position in shares of Perion Network by 4.
4% in the 2nd quarter. Renaissance Technologies LLC now owns 1,333,615 shares of the technology company’s stock valued at $11,136,000 after purchasing an additional 55,745 shares during the last quarter. Finally, Congress Asset Management Co.
MA boosted its stake in Perion Network by 9.0% in the 4th quarter. Congress Asset Management Co.
MA now owns 841,948 shares of the technology company’s stock worth $25,991,000 after purchasing an additional 69,342 shares in the last quarter. 68.12% of the stock is owned by institutional investors and hedge funds.
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.
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