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

Perion Network Ltd (NASDAQ:PERI) has been assigned an average recommendation of “Moderate Buy” from the five brokerages that are currently covering the firm, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation and four have assigned a buy recommendation to the company. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is $13.8750.

A number of brokerages have weighed in on PERI. Canaccord Genuity Group began coverage on Perion Network in a research note on Friday, March 20th. They set a “buy” rating and a $14.00 price target on the stock. Lake Street Capital set a $13.00 price target on Perion Network and gave the stock a “buy” rating in a research note on Thursday. Finally, Wall Street Zen downgraded shares of Perion Network from a “buy” rating to a “hold” rating in a report on Saturday, February 14th.

Perion Network Stock Performance

PERI stock opened at $8.98 on Friday. Perion Network has a 1 year low of $8.06 and a 1 year high of $11.44. The stock’s 50 day moving average price is $9.99 and its 200 day moving average price is $9.57. The firm has a market cap of $350.49 million, a P/E ratio of -35.92, a PEG ratio of 1.69 and a beta of 1.31.

Perion Network (NASDAQ:PERI) last issued its quarterly earnings results on Wednesday, May 20th. The technology company reported $0.11 earnings per share for the quarter, topping analysts’ consensus estimates of $0.06 by $0.05. Perion Network had a positive return on equity of 3.34% and a negative net margin of 2.17%.The company had revenue of $90.37 million for the quarter, compared to analyst estimates of $91.74 million. On average, research analysts predict that Perion Network will post 0.28 earnings per share for the current year.

Insider Transactions at Perion Network

In related news, Director Eyal Kaplan sold 2,915 shares of the business’s stock in a transaction that occurred on Wednesday, April 1st. The shares were sold at an average price of $10.00, for a total value 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. The trade was a 4.86% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders have sold 6,764 shares of company stock valued at $67,640 in the last ninety days. 2.78% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the company. Osaic Holdings Inc. raised its position in shares of Perion Network by 209.9% in the 2nd quarter. Osaic Holdings Inc. now owns 2,721 shares of the technology company’s stock worth $28,000 after buying an additional 1,843 shares during the period. Advisory Services Network LLC acquired a new stake in shares of Perion Network in the third quarter valued at about $77,000. Royal Bank of Canada raised 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 buying an additional 8,897 shares during the period. Virtu Financial LLC purchased a new stake in shares of Perion Network during the 3rd quarter valued at about $100,000. Finally, Vanguard Personalized Indexing Management LLC acquired a new position in Perion Network during the 3rd quarter worth approximately $107,000. 68.12% of the stock is owned by hedge funds and other institutional investors.

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.