The stock of Perion Network Ltd. (NASDAQ:PERI) last traded at $13.18, up 5.44% from the previous session.
PERI stock price is now -44.09% away from the 50-day moving average and -54.54% away from the 200-day moving average. The market capitalization of the company currently stands at $619.99M.
With the price target reduced from $35 to $13, ROTH MKM Downgraded its rating from Buy to Neutral for Perion Network Ltd. (NASDAQ: PERI). On April 08, 2024, Lake Street Downgraded its previous ‘Buy’ rating to ‘Hold’ on the stock keeping its target price maintained at $16, while ‘Raymond James’ rates the stock as ‘Mkt Perform’
A total of 0.51% of the company’s stock is owned by insiders.
During the past 12 months, Perion Network Ltd. has had a low of $12.10 and a high of $42.75. As of last week, the company has a debt-to-equity ratio of 0.01, a current ratio of 2.14, and a quick ratio of 2.14. According to the stock market information, the enterprise value for the company is $164.04M, which is based on a 5.62 price-to-earnings ratio, a 0.30 price-to-earnings-growth ratio, and a beta of 1.30. The fifty day moving average price for PERI is $23.22 and a two-hundred day moving average price translates $28.90 for the stock.
The latest earnings results from Perion Network Ltd. (NASDAQ: PERI) was released for Dec, 2023. According to the Internet Content & Information Company, earnings per share came in at $0.78, missing analysts’ expectations of $0.82 by -0.04. This compares to $0.79 EPS in the same period last year. The net profit margin was 15.55% and return on equity was 18.05% for PERI. The company reported revenue of $234.23 million for the quarter, compared to $209.67 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 11.71 percent. For the current quarter, analysts expect PERI to generate $172.86M in revenue.
