Perion Network Ltd (NASDAQ:PERI) Receives Average Recommendation of “Moderate Buy” from Analysts

Perion Network Ltd (NASDAQ:PERIGet Free Report) has received a consensus recommendation of “Moderate Buy” from the six brokerages that are covering the company, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and four have given a buy rating to the company. The average 1-year price objective among brokers that have covered the stock in the last year is $13.8750.

Several research firms recently issued reports on PERI. Lake Street Capital set a $13.00 price target on shares of Perion Network and gave the stock a “buy” rating in a research report on Thursday, May 21st. Needham & Company LLC reaffirmed a “hold” rating on shares of Perion Network in a report on Tuesday, May 26th.

Check Out Our Latest Stock Analysis on PERI

Perion Network Price Performance

Shares of Perion Network stock opened at $9.67 on Friday. Perion Network has a 52-week low of $7.63 and a 52-week high of $11.27. The firm has a market capitalization of $377.42 million, a PE ratio of -38.68, a price-to-earnings-growth ratio of 1.33 and a beta of 1.18. The company’s fifty day moving average price is $9.02 and its two-hundred day moving average price is $9.29.

Perion Network (NASDAQ:PERIGet Free Report) last released its quarterly earnings data on Thursday, May 21st. The technology company reported $0.11 EPS for the quarter, topping analysts’ consensus estimates of $0.06 by $0.05. The company had revenue of $90.40 million during 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 predict that Perion Network will post 0.38 earnings per share for the current fiscal year.

Insider Activity at Perion Network

In related news, Director Eyal Kaplan sold 2,916 shares of the firm’s stock in a transaction that occurred on Wednesday, July 1st. The stock was sold at an average price of $9.77, for a total transaction of $28,489.32. Following the completion of the transaction, the director owned 54,142 shares in the company, valued at $528,967.34. This trade represents a 5.11% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last ninety days, insiders sold 6,765 shares of company stock worth $65,943. 2.78% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of PERI. Osaic Holdings Inc. lifted its holdings in shares of Perion Network by 209.9% during the second 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 period. Advisory Services Network LLC bought a new stake in shares of Perion Network in the 3rd quarter worth about $77,000. Royal Bank of Canada increased its position 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 worth $102,000 after purchasing an additional 8,897 shares in the last quarter. Virtu Financial LLC acquired a new stake in shares of Perion Network during the 3rd quarter worth about $100,000. Finally, Centiva Capital LP bought a new position in Perion Network during the 3rd quarter valued at about $115,000. 68.12% of the stock is currently owned by institutional investors and hedge funds.

About Perion Network

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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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Analyst Recommendations for Perion Network (NASDAQ:PERI)

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