Shares of Perion Network Ltd (NASDAQ:PERI) have earned an average broker rating score of 3.00 (Hold) from the one analysts that provide coverage for the stock, Zacks Investment Research reports. One analyst has rated the stock with a hold rating. Perion Network’s rating score has declined by 200% from three months ago as a result of a number of analysts’ ratings changes.

Brokers have set a 12 month consensus price objective of $4.00 for the company, according to Zacks. Zacks has also assigned Perion Network an industry rank of 54 out of 265 based on the ratings given to related companies.

Separately, Benchmark Co. downgraded shares of Perion Network from a “buy” rating to a “hold” rating in a report on Monday, October 31st.

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Perion Network (NASDAQ:PERI) opened at 1.62 on Monday. The firm has a 50-day moving average of $1.27 and a 200-day moving average of $1.22. The company’s market cap is $124.05 million. Perion Network has a one year low of $0.94 and a one year high of $2.64.

Perion Network (NASDAQ:PERI) last announced its earnings results on Tuesday, November 8th. The company reported $0.10 EPS for the quarter, hitting the consensus estimate of $0.10. The firm had revenue of $74.46 million for the quarter, compared to the consensus estimate of $77.41 million. Perion Network had a negative net margin of 5.71% and a positive return on equity of 10.88%. The business’s quarterly revenue was up 41.6% on a year-over-year basis. During the same quarter last year, the firm posted $0.09 EPS. On average, analysts predict that Perion Network will post $0.39 EPS for the current year.

An institutional investor recently raised its position in Perion Network stock. Menta Capital LLC boosted its stake in Perion Network Ltd (NASDAQ:PERI) by 1.3% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 101,829 shares of the company’s stock after buying an additional 1,300 shares during the period. Menta Capital LLC owned 0.13% of Perion Network worth $121,000 at the end of the most recent quarter. 15.17% of the stock is currently owned by institutional investors.

Perion Network Company Profile

Perion Network Ltd. is a global technology company. It is engaged in delivering advertising solutions to brands and publishers. It operates through High Impact Advertising solutions segment. It provides execution, ranging from high-impact advertisement formats to branded search, and a unified social and mobile programmatic platform.

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