Perion Network (NASDAQ:PERI) Upgraded at ValuEngine

ValuEngine upgraded shares of Perion Network (NASDAQ:PERI) from a strong sell rating to a sell rating in a research note issued to investors on Thursday, ValuEngine reports.

Several other equities research analysts also recently commented on the stock. Sidoti raised their price target on shares of Perion Network from $7.00 to $8.00 and gave the stock a not rated rating in a report on Monday, January 6th. Zacks Investment Research lowered shares of Perion Network from a buy rating to a hold rating in a report on Thursday, March 26th. TheStreet upgraded shares of Perion Network from a c+ rating to a b- rating in a report on Wednesday, January 15th. Finally, Lake Street Capital restated a buy rating and set a $10.00 price target (up previously from $8.00) on shares of Perion Network in a report on Wednesday, January 15th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and one has given a buy rating to the company’s stock. Perion Network currently has a consensus rating of Hold and a consensus price target of $7.33.

NASDAQ:PERI traded up $0.40 during mid-day trading on Thursday, hitting $4.60. 196,392 shares of the company’s stock were exchanged, compared to its average volume of 487,847. The company has a 50 day simple moving average of $6.33 and a 200-day simple moving average of $6.11. The company has a current ratio of 1.38, a quick ratio of 1.38 and a debt-to-equity ratio of 0.17. Perion Network has a fifty-two week low of $2.76 and a fifty-two week high of $9.70. The firm has a market capitalization of $110.22 million, a P/E ratio of 9.39, a PEG ratio of 1.35 and a beta of 1.11.

Perion Network (NASDAQ:PERI) last posted its earnings results on Wednesday, February 12th. The technology company reported $0.22 EPS for the quarter, topping the consensus estimate of $0.16 by $0.06. Perion Network had a net margin of 4.93% and a return on equity of 8.21%. The business had revenue of $78.26 million for the quarter, compared to the consensus estimate of $75.30 million. As a group, analysts expect that Perion Network will post 0.52 earnings per share for the current year.

Several large investors have recently added to or reduced their stakes in the company. Geode Capital Management LLC increased its stake in shares of Perion Network by 76.5% in the 4th quarter. Geode Capital Management LLC now owns 144,556 shares of the technology company’s stock valued at $898,000 after acquiring an additional 62,632 shares in the last quarter. Equitable Trust Co. bought a new stake in Perion Network during the 4th quarter valued at $138,000. Man Group plc bought a new stake in Perion Network during the 4th quarter valued at $1,699,000. Ladenburg Thalmann Financial Services Inc. bought a new stake in Perion Network during the 4th quarter valued at $41,000. Finally, Jane Street Group LLC increased its stake in Perion Network by 4.9% during the 4th quarter. Jane Street Group LLC now owns 97,227 shares of the technology company’s stock valued at $605,000 after purchasing an additional 4,542 shares in the last quarter. Institutional investors own 18.89% of the company’s stock.

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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