Perion Network (NASDAQ:PERI) Downgraded by TheStreet

TheStreet cut shares of Perion Network (NASDAQ:PERI) from a c rating to a d+ rating in a research note released on Wednesday, TheStreetRatingsTable reports.

Several other research firms have also recently issued reports on PERI. ValuEngine upgraded Vale from a sell rating to a hold rating in a report on Tuesday, July 16th. Lake Street Capital assumed coverage on Perion Network in a report on Monday, July 8th. They issued a buy rating and a $6.00 price target on the stock. Finally, Zacks Investment Research upgraded Investors Real Estate Trust Reit from a sell rating to a hold rating in a report on Thursday, May 23rd. Two research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The stock presently has an average rating of Buy and a consensus target price of $5.42.

Perion Network stock opened at $4.04 on Wednesday. The firm has a 50-day moving average price of $3.12. The company has a market capitalization of $104.18 million, a PE ratio of 13.03, a price-to-earnings-growth ratio of 2.10 and a beta of 1.05. Perion Network has a 12-month low of $2.47 and a 12-month high of $4.35. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.21 and a current ratio of 1.21.

Perion Network (NASDAQ:PERI) last posted its quarterly earnings results on Wednesday, May 15th. The technology company reported $0.05 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.04 by $0.01. The business had revenue of $53.85 million for the quarter, compared to analysts’ expectations of $61.00 million. Perion Network had a return on equity of 8.90% and a net margin of 3.78%. Research analysts predict that Perion Network will post 0.32 earnings per share for the current fiscal year.

An institutional investor recently raised its position in Perion Network stock. Meitav Dash Investments Ltd. raised its stake in Perion Network Ltd (NASDAQ:PERI) by 30.3% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 17,210 shares of the technology company’s stock after buying an additional 4,000 shares during the quarter. Meitav Dash Investments Ltd. owned 0.07% of Perion Network worth $47,000 as of its most recent filing with the Securities and Exchange Commission. 10.38% of the stock is owned by institutional investors.

Perion Network Company Profile

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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