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
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.
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.