Perion Network (NASDAQ:PERI) was downgraded by research analysts at TheStreet from a “c” rating to a “d+” rating in a research report issued to clients and investors on Wednesday, TheStreetRatingsTable reports.

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

PERI stock traded up $0.05 on Wednesday, hitting $4.08. The company had a trading volume of 735 shares, compared to its average volume of 152,143. Perion Network has a 12-month low of $2.47 and a 12-month high of $4.35. The company has a current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 0.24. The company has a 50-day moving average of $3.10. The company has a market capitalization of $105.21 million, a PE ratio of 13.16, a price-to-earnings-growth ratio of 2.12 and a beta of 1.05.

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

A hedge fund recently raised its stake in Perion Network stock. Meitav Dash Investments Ltd. raised its holdings in shares of Perion Network Ltd (NASDAQ:PERI) by 30.3% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 17,210 shares of the technology company’s stock after acquiring an additional 4,000 shares during the quarter. Meitav Dash Investments Ltd. owned approximately 0.07% of Perion Network worth $47,000 as of its most recent filing with the Securities and Exchange Commission (SEC). Hedge funds and other institutional investors own 10.38% of the company’s stock.

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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