Perion Network (PERI) Releases Quarterly Earnings Results, Beats Estimates By $0.01 EPS

Perion Network (NASDAQ:PERI) released its quarterly earnings data on Wednesday. The technology company reported $0.05 earnings per share for the quarter, beating the consensus estimate of $0.04 by $0.01, Morningstar.com reports. The business had revenue of $53.85 million for the quarter, compared to analyst estimates of $61.00 million. Perion Network had a return on equity of 9.00% and a net margin of 3.78%.

NASDAQ:PERI opened at $3.06 on Friday. The firm has a market cap of $77.29 million, a P/E ratio of 5.98 and a beta of 1.33. Perion Network has a twelve month low of $2.47 and a twelve month high of $4.05. The company has a current ratio of 1.35, a quick ratio of 1.35 and a debt-to-equity ratio of 0.16.

Institutional investors and hedge funds have recently modified their holdings of the business. Meitav Dash Investments Ltd. lifted its stake in shares of Perion Network by 30.3% during the first quarter. Meitav Dash Investments Ltd. now owns 17,210 shares of the technology company’s stock worth $47,000 after purchasing an additional 4,000 shares in the last quarter. Jane Street Group LLC lifted its stake in shares of Perion Network by 30.4% during the fourth quarter. Jane Street Group LLC now owns 47,182 shares of the technology company’s stock worth $123,000 after purchasing an additional 10,991 shares in the last quarter. Essex Investment Management Co. LLC lifted its stake in shares of Perion Network by 73.9% during the fourth quarter. Essex Investment Management Co. LLC now owns 103,017 shares of the technology company’s stock worth $268,000 after purchasing an additional 43,774 shares in the last quarter. Finally, Renaissance Technologies LLC lifted its stake in shares of Perion Network by 9.9% during the first quarter. Renaissance Technologies LLC now owns 1,208,319 shares of the technology company’s stock worth $3,202,000 after purchasing an additional 108,877 shares in the last quarter. Institutional investors own 10.48% of the company’s stock.



PERI has been the topic of a number of recent research reports. Zacks Investment Research raised shares of Perion Network from a “hold” rating to a “buy” rating and set a $3.50 price target on the stock in a research report on Friday, February 15th. TheStreet raised shares of Perion Network from a “d” rating to a “c” rating in a research report on Tuesday, April 16th. Finally, ValuEngine raised shares of Perion Network from a “sell” rating to a “hold” rating in a research report on Wednesday, May 1st.

ILLEGAL ACTIVITY WARNING: “Perion Network (PERI) Releases Quarterly Earnings Results, Beats Estimates By $0.01 EPS” was first published by Dakota Financial News and is the property of of Dakota Financial News. If you are accessing this article on another publication, it was illegally stolen and reposted in violation of United States & international trademark & copyright legislation. The correct version of this article can be read at https://dakotafinancialnews.com/2019/05/17/perion-network-peri-releases-quarterly-earnings-results-beats-estimates-by-0-01-eps.html.

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.

See Also: Gross Domestic Product (GDP)

Earnings History for Perion Network (NASDAQ:PERI)

Receive News & Ratings for Perion Network Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Perion Network and related companies with MarketBeat.com's FREE daily email newsletter.