Perion Network Ltd (NASDAQ:PERI – Get Free Report) has earned an average rating of “Moderate Buy” from the six research firms that are covering the company, MarketBeat.com reports. One analyst has rated the stock with a sell rating, one has given a hold rating and four have given a buy rating to the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is $13.8750.
Several analysts have recently weighed in on PERI shares. Needham & Company LLC reiterated a “hold” rating on shares of Perion Network in a research note on Tuesday. Wall Street Zen lowered shares of Perion Network from a “buy” rating to a “hold” rating in a research note on Saturday, February 14th. Lake Street Capital set a $13.00 price objective on shares of Perion Network and gave the company a “buy” rating in a research note on Thursday, May 21st. Finally, Canaccord Genuity Group started coverage on shares of Perion Network in a research note on Friday, March 20th. They issued a “buy” rating and a $14.00 price objective for the company.
Read Our Latest Stock Analysis on PERI
Perion Network Stock Performance
Perion Network (NASDAQ:PERI – Get Free Report) last issued its quarterly earnings results on Wednesday, May 20th. The technology company reported $0.11 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.06 by $0.05. The firm had revenue of $90.37 million for the quarter, compared to the consensus estimate of $91.74 million. Perion Network had a negative net margin of 2.17% and a positive return on equity of 3.34%. Analysts forecast that Perion Network will post 0.28 earnings per share for the current year.
Insider Buying and Selling
In other Perion Network news, Director Eyal Kaplan sold 2,915 shares of the business’s stock in a transaction on Wednesday, April 1st. The shares were sold at an average price of $10.00, for a total transaction of $29,150.00. Following the completion of the sale, the director owned 57,058 shares in the company, valued at approximately $570,580. The trade was a 4.86% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In the last three months, insiders have sold 6,764 shares of company stock worth $67,640. Insiders own 2.78% of the company’s stock.
Institutional Trading of Perion Network
A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Bank of America Corp DE increased its stake in Perion Network by 101.3% during the 1st quarter. Bank of America Corp DE now owns 24,480 shares of the technology company’s stock valued at $245,000 after purchasing an additional 12,317 shares in the last quarter. Royal Bank of Canada boosted its holdings in Perion Network by 698.9% during the 1st quarter. Royal Bank of Canada now owns 10,170 shares of the technology company’s stock worth $102,000 after acquiring an additional 8,897 shares during the last quarter. Lazard Asset Management LLC purchased a new position in Perion Network during the 1st quarter worth $1,568,000. Systematic Financial Management LP boosted its holdings in Perion Network by 5.9% during the 1st quarter. Systematic Financial Management LP now owns 869,066 shares of the technology company’s stock worth $8,689,000 after acquiring an additional 48,246 shares during the last quarter. Finally, Sei Investments Co. boosted its holdings in Perion Network by 100.2% during the 1st quarter. Sei Investments Co. now owns 166,538 shares of the technology company’s stock worth $1,664,000 after acquiring an additional 83,359 shares during the last quarter. Institutional investors own 68.12% of the company’s stock.
Perion Network Company Profile
Perion Network Ltd. (NASDAQ: PERI) is a digital advertising technology company that offers a suite of solutions designed for both brand marketers and performance-driven advertisers. The firm’s platform integrates search monetization, programmatic display, video and connected TV (CTV) advertising to help clients reach and engage audiences across desktop, mobile and television environments. Through proprietary algorithms and AI-driven tools, Perion’s technology optimizes ad placements in real time, aiming to boost campaign efficiency and return on investment for publishers and advertisers alike.
Key offerings include search engine marketing services that cover major platforms such as Google and Bing, native and display advertising solutions under its Undertone brand, as well as social and video ad formats.
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