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Wednesday, January 27, 2021

Perion Network Ltd. (NASDAQ: PERI) Recently Upgraded To “Buy” By Zacks Analysts

Zacks Investment Research analysts recently upgraded the rating of Perion Network Ltd. “Buy” from an earlier “Hold” rating in a report issued by the firm on Saturday, December 19th. The current target price consensus issued by Zacks to PERI stocks is $13.00. This suggests a potential upside for the technology company of about 4.17% since its last close.

Zacks’ report mentions that the company is currently under growing demand for its data-driven execution and challenging advertising formats and its unified mobile and social programmatic platform. The company also provides high-level creativity in the making of digital ads. It covers stories from across the globe and combines them into its digital platform. Zacks suggests that their high-level performance will take them far in the near future.

NASDAQ: PERI Stock Analysis

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PERI stocks traded at $12.48 this Friday. The company’ current market capitalization stands at $336.54 million. It has a PE ratio of 41.60 along with a beta of 0.84 at the moment. The 12-monthly high to low ranges from $13.86 to $3.43. The 50SMA (50 Days Simple Moving Average) stands at $8.36 and its 200SMA stands at $6.69. The debt-to-equity of this company is 0.02. The current ratio stands at 1.08 along with a quick ratio of 1.08.

The quarterly earnings report for the previous quarter was released on the 28th of October. The earnings stood at $0.08 EPS as opposed to the general consensus of $0.06. The company’s return on equity stands at 6.79% along with the net margin of 2.90%. The estimated income for the firm was marked at $78.99 million but it made $83.41 million for the quarter. The FY2020 EPS might stand at 0.20 according to analysts.

NASDAQ: PERI has recently been the subject of a lot of reports by research analysts. Some such as Sidoti, BidAskClub, Roth Capital, Lake Street Capital, and so on have posted reports on this company over the last few months.

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The recent consensus on this company’s stocks stands at “Buy” rating with $11.00 as a consensus on the target price. Several hedge funds have also been involved in buying and selling of NASDAQ: PERI shares recently.

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