Analysts Set Perion Network Ltd (NASDAQ:PERI) Price Target at $13.88

Perion Network Ltd (NASDAQ:PERIGet Free Report) has earned an average recommendation of “Moderate Buy” from the six research firms that are presently covering the firm, Marketbeat Ratings reports. One research analyst has rated the stock with a sell recommendation, one has given a hold recommendation and four have issued a buy recommendation on the company. The average 12 month price objective among analysts that have updated their coverage on the stock in the last year is $13.8750.

A number of research firms have weighed in on PERI. 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. Needham & Company LLC restated a “hold” rating on shares of Perion Network in a research note on Tuesday, May 26th. Finally, Canaccord Genuity Group began coverage on shares of Perion Network in a research note on Friday, March 20th. They set a “buy” rating and a $14.00 price objective for the company.

Read Our Latest Report on Perion Network

Perion Network Stock Performance

NASDAQ:PERI opened at $8.96 on Thursday. The firm has a market cap of $349.71 million, a P/E ratio of -35.84, a P/E/G ratio of 1.21 and a beta of 1.22. Perion Network has a fifty-two week low of $7.63 and a fifty-two week high of $11.44. The firm has a 50-day simple moving average of $9.45 and a two-hundred day simple moving average of $9.35.

Perion Network (NASDAQ:PERIGet Free Report) last released its quarterly earnings data on Thursday, May 21st. The technology company reported $0.11 earnings per share for the quarter, beating analysts’ consensus estimates of $0.06 by $0.05. The business had revenue of $90.37 million during the quarter, compared to analyst estimates of $91.74 million. Perion Network had a negative net margin of 2.17% and a positive return on equity of 3.34%. On average, equities research analysts predict that Perion Network will post 0.38 EPS for the current year.

Insiders Place Their Bets

In other Perion Network news, Director Eyal Kaplan sold 2,915 shares of the firm’s stock in a transaction dated 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 directly owned 57,058 shares in the company, valued at approximately $570,580. This trade represents a 4.86% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In the last three months, insiders have sold 6,764 shares of company stock worth $67,640. 2.78% of the stock is currently owned by company insiders.

Institutional Trading of Perion Network

A number of institutional investors and hedge funds have recently bought and sold shares of the company. Osaic Holdings Inc. boosted its holdings in shares of Perion Network by 209.9% during the 2nd quarter. Osaic Holdings Inc. now owns 2,721 shares of the technology company’s stock valued at $28,000 after acquiring an additional 1,843 shares during the last quarter. Advisory Services Network LLC purchased a new stake in shares of Perion Network during the 3rd quarter valued at about $77,000. Virtu Financial LLC purchased a new stake in shares of Perion Network during the 3rd quarter valued at about $100,000. Royal Bank of Canada boosted its holdings in shares of Perion Network by 698.9% during the 1st quarter. Royal Bank of Canada now owns 10,170 shares of the technology company’s stock valued at $102,000 after acquiring an additional 8,897 shares during the last quarter. Finally, Centiva Capital LP purchased a new stake in shares of Perion Network during the 3rd quarter valued at about $115,000. 68.12% of the stock is currently owned by institutional investors.

About Perion Network

(Get Free Report)

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.

See Also

Analyst Recommendations 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.