Perion Network (NASDAQ:PERI) Rating Reiterated by Raymond James

Raymond James reissued their maintains rating on shares of Perion Network (NASDAQ:PERIGet Rating) in a report released on Tuesday, Benzinga reports.

A number of other brokerages also recently weighed in on PERI. StockNews.com downgraded Perion Network from a strong-buy rating to a buy rating in a report on Monday, July 11th. Needham & Company LLC initiated coverage on Perion Network in a report on Friday, July 1st. They set a buy rating and a $32.00 price target for the company. Five analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, Perion Network currently has an average rating of Buy and a consensus target price of $32.80.

Perion Network Stock Down 0.6 %

NASDAQ PERI opened at $19.24 on Tuesday. The company has a market capitalization of $854.66 million, a price-to-earnings ratio of 15.43, a PEG ratio of 0.48 and a beta of 1.29. Perion Network has a twelve month low of $16.41 and a twelve month high of $33.09. The stock has a fifty day simple moving average of $18.83 and a 200 day simple moving average of $20.64.

Perion Network (NASDAQ:PERIGet Rating) last issued its quarterly earnings results on Thursday, April 28th. The technology company reported $0.33 earnings per share for the quarter, topping analysts’ consensus estimates of $0.20 by $0.13. Perion Network had a return on equity of 13.67% and a net margin of 9.90%. The firm had revenue of $125.30 million during the quarter, compared to the consensus estimate of $122.02 million. The firm’s revenue was up 39.5% on a year-over-year basis. Research analysts expect that Perion Network will post 1.58 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Perion Network

Several large investors have recently added to or reduced their stakes in PERI. Covestor Ltd bought a new position in shares of Perion Network during the 4th quarter worth approximately $49,000. Steward Partners Investment Advisory LLC bought a new position in shares of Perion Network during the 4th quarter worth approximately $72,000. BNP Paribas Arbitrage SA bought a new position in shares of Perion Network during the 4th quarter worth approximately $107,000. KRS Capital Management LLC bought a new position in shares of Perion Network during the 4th quarter worth approximately $108,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank bought a new position in shares of Perion Network during the 4th quarter worth approximately $148,000. Institutional investors own 46.52% of the company’s stock.

Perion Network Company Profile

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Perion Network Ltd. provides digital advertising solutions to brands, agencies, and publishers in North America, Europe, and internationally. It provides Wildfire, a content monetization platform; search monetization solutions, including website monetization, search mediation, and app monetization; and cross-channel digital advertising software as a service platform.

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