Perion Network Ltd (NASDAQ:PERI) – Investment analysts at Taglich Brothers dropped their FY2018 earnings per share (EPS) estimates for shares of Perion Network in a research report issued to clients and investors on Tuesday, November 6th. Taglich Brothers analyst J. Nobile now expects that the technology company will earn $0.28 per share for the year, down from their prior estimate of $0.45. Taglich Brothers currently has a “Speculative Buy” rating on the stock. Taglich Brothers also issued estimates for Perion Network’s Q4 2018 earnings at $0.15 EPS, Q1 2019 earnings at $0.09 EPS, Q2 2019 earnings at $0.13 EPS, Q3 2019 earnings at $0.11 EPS, Q4 2019 earnings at $0.20 EPS and FY2019 earnings at $0.52 EPS.
Perion Network (NASDAQ:PERI) last posted its quarterly earnings results on Thursday, November 1st. The technology company reported $0.08 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.15 by ($0.07). Perion Network had a positive return on equity of 11.26% and a negative net margin of 13.19%. The business had revenue of $57.18 million for the quarter, compared to analyst estimates of $64.00 million.
PERI opened at $2.98 on Friday. Perion Network has a fifty-two week low of $2.13 and a fifty-two week high of $4.05. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.31 and a current ratio of 1.31. The firm has a market cap of $76.77 million, a price-to-earnings ratio of 4.73 and a beta of 1.27.
A number of institutional investors and hedge funds have recently bought and sold shares of the business. Renaissance Technologies LLC boosted its holdings in shares of Perion Network by 11.6% in the second quarter. Renaissance Technologies LLC now owns 2,791,600 shares of the technology company’s stock valued at $3,266,000 after acquiring an additional 289,400 shares in the last quarter. Acadian Asset Management LLC boosted its holdings in shares of Perion Network by 43.2% in the second quarter. Acadian Asset Management LLC now owns 741,081 shares of the technology company’s stock valued at $865,000 after acquiring an additional 223,473 shares in the last quarter. Finally, Essex Investment Management Co. LLC purchased a new stake in shares of Perion Network in the second quarter valued at about $208,000. Hedge funds and other institutional investors own 33.07% of the company’s stock.
About Perion Network
Perion Network Ltd., a technology company, delivers advertising solutions to brands, agencies, and publishers in North America, Europe, and internationally. The company develops digital advertising solutions to capture consumer attention and drive engagement, as well as delivers ads across a portfolio of Websites and mobile applications.
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