Perion Network (NASDAQ:PERI) Rating Lowered to Hold at Wall Street Zen

Perion Network (NASDAQ:PERI) was downgraded by research analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a research note issued to investors on Saturday.

PERI has been the subject of several other research reports. Lake Street Capital boosted their target price on Perion Network from $14.00 to $15.00 and gave the company a “buy” rating in a research report on Thursday, November 13th. Weiss Ratings reissued a “sell (d+)” rating on shares of Perion Network in a research note on Thursday, January 22nd. Finally, Roth Mkm restated a “buy” rating and set a $14.50 price objective (up previously from $14.00) on shares of Perion Network in a report on Thursday, November 13th. Three research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Perion Network presently has an average rating of “Hold” and a consensus target price of $14.50.

Perion Network Trading Up 1.9%

PERI stock opened at $8.54 on Friday. The stock has a market cap of $350.23 million, a PE ratio of -32.85, a P/E/G ratio of 0.65 and a beta of 1.49. Perion Network has a 12 month low of $6.99 and a 12 month high of $11.79. The company has a 50-day moving average price of $9.38 and a 200 day moving average price of $9.53.

Hedge Funds Weigh In On Perion Network

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Tripletail Wealth Management LLC raised its stake in Perion Network by 1,066.7% in the fourth quarter. Tripletail Wealth Management LLC now owns 113,520 shares of the technology company’s stock worth $1,088,000 after buying an additional 103,790 shares in the last quarter. ARK Investment Management LLC increased its holdings in shares of Perion Network by 28.2% in the 4th quarter. ARK Investment Management LLC now owns 219,605 shares of the technology company’s stock valued at $2,104,000 after acquiring an additional 48,283 shares during the period. WINTON GROUP Ltd raised its position in shares of Perion Network by 22.7% in the 4th quarter. WINTON GROUP Ltd now owns 45,443 shares of the technology company’s stock worth $435,000 after acquiring an additional 8,421 shares in the last quarter. Clear Harbor Asset Management LLC bought a new position in shares of Perion Network in the 4th quarter worth $453,000. Finally, Nano Cap New Millennium Growth Fund L P purchased a new stake in shares of Perion Network during the 4th quarter worth $551,000. 68.12% of the stock is currently owned by institutional investors.

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.