Perion Network (PERI) Rating Increased to C at TheStreet

TheStreet upgraded shares of Perion Network (NASDAQ:PERI) from a d rating to a c rating in a research report sent to investors on Tuesday, TheStreetRatingsTable reports.

Separately, Zacks Investment Research raised shares of Perion Network from a hold rating to a buy rating and set a $3.50 price objective for the company in a report on Friday, February 15th.

Shares of Perion Network stock opened at $3.09 on Tuesday. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.35 and a quick ratio of 1.35. Perion Network has a 1 year low of $2.13 and a 1 year high of $4.05. The firm has a market cap of $81.43 million, a P/E ratio of 9.97 and a beta of 1.28.

Perion Network (NASDAQ:PERI) last issued its earnings results on Wednesday, February 13th. The technology company reported $0.19 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.15 by $0.04. Perion Network had a net margin of 3.21% and a return on equity of 10.33%. The firm had revenue of $71.96 million during the quarter, compared to analysts’ expectations of $74.25 million. As a group, equities analysts anticipate that Perion Network will post 0.32 earnings per share for the current fiscal year.

A hedge fund recently raised its stake in Perion Network stock. Essex Investment Management Co. LLC raised its position in Perion Network Ltd (NASDAQ:PERI) by 73.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 103,017 shares of the technology company’s stock after purchasing an additional 43,774 shares during the quarter. Essex Investment Management Co. LLC owned about 0.40% of Perion Network worth $268,000 as of its most recent SEC filing. 10.48% of the stock is owned by institutional investors and hedge funds.

About Perion Network

Perion Network Ltd. is a global technology company, which engages in the provision of advertising solutions to brands and publishers. It offers the following business solutions: Undertone, which connects brands to consumers using engaging creatives; Code Fuel, which enables developers to optimize search traffic and generate incremental revenue; MakeMeReach, an automated social management platform that help ad performance across Facebook, Twitter, Instagram, and Snapchat; and Smilebox, a desktop and mobile applications.

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