Raymond James reiterated their maintains rating on shares of Perion Group (NASDAQ:PERI – Get Rating) in a evaluation phrase issued to patrons on Tuesday morning, Benzinga research.
Various completely different evaluation analysts have moreover weighed in on the company. Needham & Agency LLC assumed safety on Perion Group in a report on Friday, July 1st. They set a purchase order rating and a $32.00 purpose value on the stock. StockNews.com lowered Perion Group from a strong-buy rating to a purchase order rating in a report on Monday, July eleventh. 5 evaluation analysts have rated the stock with a purchase order rating, In response to data from MarketBeat.com, the stock for the time being has a consensus rating of Buy and a imply value purpose of $32.80.
Perion Group Stock Effectivity
NASDAQ PERI opened at $19.24 on Tuesday. The stock has a fifty day shifting widespread of $18.83 and a 200-day shifting widespread of $20.64. The stock has a market capitalization of $854.66 million, a P/E ratio of 15.43, a price-to-earnings-growth ratio of 0.48 and a beta of 1.29. Perion Group has a 52 week low of $16.41 and a 52 week extreme of $33.09.
Perion Group (NASDAQ:PERI – Get Rating) closing launched its quarterly earnings data on Thursday, April twenty eighth. The know-how agency reported $0.33 EPS for the quarter, topping analysts’ consensus estimates of $0.20 by $0.13. Perion Group had a return on equity of 13.67% and a web margin of 9.90%. The enterprise had earnings of $125.30 million all through the quarter, compared with analysts’ expectations of $122.02 million. Perion Group’s earnings for the quarter was up 39.5% on a year-over-year basis. Equities evaluation analysts forecast that Perion Group will put up 1.58 earnings per share for the current fiscal yr.
Institutional Shopping for and promoting of Perion Group
Various institutional patrons haven’t too way back modified their holdings of PERI. Cambridge Funding Evaluation Advisors Inc. raised its holdings in Perion Group by 5.7% all through the primary quarter. Cambridge Funding Evaluation Advisors Inc. now owns 14,531 shares of the know-how agency’s stock worth $327,000 after shopping for an extra 778 shares throughout the closing quarter. Essex Funding Administration Co. LLC grew its place in shares of Perion Group by 2.5% throughout the first quarter. Essex Funding Administration Co. LLC now owns 64,247 shares of the know-how agency’s stock valued at $1,445,000 after shopping for an extra 1,556 shares over the past quarter. PDT Companions LLC grew its place in shares of Perion Group by 2.1% throughout the first quarter. PDT Companions LLC now owns 89,887 shares of the know-how agency’s stock valued at $2,022,000 after shopping for an extra 1,809 shares over the past quarter. Advisory Firms Group LLC grew its place in shares of Perion Group by 6.9% throughout the first quarter. Advisory Firms Group LLC now owns 31,264 shares of the know-how agency’s stock valued at $703,000 after shopping for an extra 2,010 shares over the past quarter. Lastly, Covestor Ltd acquired a model new place in shares of Perion Group throughout the fourth quarter valued at roughly $49,000. 46.52% of the stock is for the time being owned by institutional patrons.
About Perion Group
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Perion Group Ltd. provides digital selling choices to producers, companies, and publishers in North America, Europe, and internationally. It provides Wildfire, a content material materials monetization platform; search monetization choices, along with web page monetization, search mediation, and app monetization; and cross-channel digital selling software program program as a service platform.
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