Perion Network (NASDAQ:PERI) Research Coverage Started at Canaccord Genuity Group

Canaccord Genuity Group started coverage on shares of Perion Network (NASDAQ:PERI) in a research report released on Friday, MarketBeat.com reports. The firm issued a buy rating and a $14.00 price objective on the technology company’s stock.

PERI has been the topic of a number of other research reports. Lake Street Capital set a $14.00 target price on Perion Network in a report on Thursday, February 19th. Wall Street Zen cut Perion Network from a “buy” rating to a “hold” rating in a research note on Saturday, February 14th. Finally, Weiss Ratings reiterated a “sell (d+)” rating on shares of Perion Network in a research report on Thursday, January 22nd. Four research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $14.13.

Perion Network Stock Performance

PERI opened at $9.63 on Friday. The company has a fifty day moving average price of $8.86 and a two-hundred day moving average price of $9.37. Perion Network has a 52 week low of $6.99 and a 52 week high of $11.79. The firm has a market capitalization of $375.86 million, a PE ratio of -53.50, a P/E/G ratio of 0.87 and a beta of 1.45.

Perion Network (NASDAQ:PERI) last posted its quarterly earnings results on Wednesday, February 18th. The technology company reported $0.49 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.49. Perion Network had a positive return on equity of 3.38% and a negative net margin of 1.80%.The company had revenue of $137.14 million for the quarter, compared to the consensus estimate of $136.53 million. Equities analysts forecast that Perion Network will post 0.51 EPS for the current year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in PERI. Osaic Holdings Inc. increased its holdings in shares of Perion Network by 209.9% in the second quarter. Osaic Holdings Inc. now owns 2,721 shares of the technology company’s stock worth $28,000 after acquiring an additional 1,843 shares in the last quarter. Advisory Services Network LLC bought a new position in shares of Perion Network during the 3rd quarter valued at about $77,000. Tripletail Wealth Management LLC acquired a new position in shares of Perion Network in the 3rd quarter valued at approximately $95,000. Virtu Financial LLC acquired a new position in shares of Perion Network in the 3rd quarter valued at approximately $100,000. Finally, Vanguard Personalized Indexing Management LLC bought a new stake in Perion Network during the 3rd quarter worth approximately $107,000. 68.12% of the stock is owned by institutional investors and hedge funds.

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.