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

Perion Network Ltd (NASDAQ:PERI) has earned an average rating of “Moderate Buy” from the six analysts that are currently covering the firm, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, one has issued a hold recommendation and four have given a buy recommendation to the company. The average 1-year price objective among brokerages that have covered the stock in the last year is $13.8750.

PERI has been the subject of several research analyst reports. Canaccord Genuity Group initiated coverage on Perion Network in a research note on Friday, March 20th. They set a “buy” rating and a $14.00 target price for the company. Lake Street Capital set a $13.00 target price on Perion Network and gave the stock a “buy” rating in a research note on Thursday, May 21st. Finally, Needham & Company LLC reissued a “hold” rating on shares of Perion Network in a research note on Tuesday, May 26th.

Insider Activity

In other news, Director Eyal Kaplan sold 2,915 shares of the company’s stock in a transaction that occurred on Wednesday, April 1st. The stock was sold at an average price of $10.00, for a total value of $29,150.00. Following the completion of the transaction, the director owned 57,058 shares of the company’s stock, valued at $570,580. This represents a 4.86% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Insiders sold a total of 6,764 shares of company stock valued at $67,640 over the last three months. Corporate insiders own 2.78% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Osaic Holdings Inc. increased its stake 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 valued at $28,000 after buying an additional 1,843 shares during the period. Advisory Services Network LLC acquired a new position in shares of Perion Network in the third quarter valued at approximately $77,000. Royal Bank of Canada increased its stake in shares of Perion Network by 698.9% in the first 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 acquired a new position in shares of Perion Network in the third quarter valued at approximately $100,000. Finally, Centiva Capital LP acquired a new position in shares of Perion Network in the third quarter valued at approximately $115,000. Institutional investors and hedge funds own 68.12% of the company’s stock.

Perion Network Trading Up 1.3%

Shares of NASDAQ PERI opened at $8.62 on Thursday. The company has a market cap of $336.44 million, a price-to-earnings ratio of -34.48, a PEG ratio of 1.18 and a beta of 1.23. Perion Network has a 12 month low of $7.63 and a 12 month high of $11.44. The stock has a 50-day moving average price of $9.48 and a two-hundred day moving average price of $9.37.

Perion Network (NASDAQ:PERI) last issued its earnings results on Thursday, May 21st. The technology company reported $0.11 EPS for the quarter, topping the consensus estimate of $0.06 by $0.05. The firm had revenue of $90.37 million during the quarter, compared to the consensus estimate of $91.74 million. Perion Network had a positive return on equity of 3.34% and a negative net margin of 2.17%. On average, sell-side analysts predict that Perion Network will post 0.38 earnings per share for the current year.

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.