Perion Network Ltd (NASDAQ:PERI) Receives $14.38 Consensus Target Price from Brokerages

Perion Network Ltd (NASDAQ:PERI) has earned a consensus rating of “Hold” from the five analysts that are currently covering the firm, Marketbeat.com reports. One investment analyst has rated the stock with a sell recommendation, one has given a hold recommendation and three have issued a buy recommendation on the company. The average 12 month target price among brokers that have issued ratings on the stock in the last year is $14.50.

Several research firms recently commented on PERI. Craig Hallum set a $14.00 price objective on shares of Perion Network and gave the stock a “buy” rating in a research note on Monday, October 13th. Roth Mkm reaffirmed a “buy” rating and set a $14.50 price target (up from $14.00) on shares of Perion Network in a research report on Thursday, November 13th. Weiss Ratings reissued a “sell (d+)” rating on shares of Perion Network in a research report on Wednesday, October 8th. Finally, Lake Street Capital boosted their target price on Perion Network from $14.00 to $15.00 and gave the stock a “buy” rating in a research note on Thursday, November 13th.

Perion Network Stock Performance

Shares of Perion Network stock opened at $9.16 on Monday. The company has a market capitalization of $375.65 million, a PE ratio of -35.23, a P/E/G ratio of 0.72 and a beta of 1.46. The company has a 50-day simple moving average of $9.73 and a two-hundred day simple moving average of $9.77. Perion Network has a one year low of $6.99 and a one year high of $11.79.

Hedge Funds Weigh In On Perion Network

Several hedge funds have recently modified their holdings of the stock. Y.D. More Investments Ltd raised its position in shares of Perion Network by 42.8% in the 4th quarter. Y.D. More Investments Ltd now owns 38,567 shares of the technology company’s stock valued at $365,000 after purchasing an additional 11,555 shares during the last quarter. Stableford Capital II LLC increased its stake in Perion Network by 173.5% during the 4th quarter. Stableford Capital II LLC now owns 215,960 shares of the technology company’s stock valued at $2,069,000 after purchasing an additional 136,999 shares in the last quarter. Procyon Advisors LLC acquired a new position in Perion Network during the 4th quarter valued at approximately $119,000. Advisory Services Network LLC purchased a new position in shares of Perion Network in the third quarter worth $77,000. Finally, Private Capital Management LLC lifted its stake in shares of Perion Network by 16.8% during the third quarter. Private Capital Management LLC now owns 3,751,278 shares of the technology company’s stock worth $36,012,000 after buying an additional 538,375 shares during the period. Institutional investors and hedge funds own 68.12% of the company’s stock.

About Perion Network

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.