Analysts Set Perion Network Ltd (NASDAQ:PERI) Target Price at $14.38

Perion Network Ltd (NASDAQ:PERI) has been assigned a consensus recommendation of “Moderate Buy” from the six analysts that are presently covering the stock, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and four have issued a buy rating on the company. The average 1 year target price among brokers that have issued ratings on the stock in the last year is $14.3750.

PERI has been the subject of a number of research reports. Roth Capital reissued a “buy” rating and issued a $14.50 price target (up from $14.00) on shares of Perion Network in a research note on Thursday, November 13th. Craig Hallum set a $14.00 target price on Perion Network and gave the company a “buy” rating in a research note on Monday, October 13th. Lake Street Capital lifted their price target on Perion Network from $14.00 to $15.00 and gave the company a “buy” rating in a research report on Thursday, November 13th. Finally, Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Perion Network in a research note on Wednesday, October 8th.

Perion Network Trading Up 0.1%

Shares of NASDAQ PERI opened at $9.78 on Thursday. The firm has a fifty day simple moving average of $9.75 and a two-hundred day simple moving average of $9.86. Perion Network has a 12 month low of $6.99 and a 12 month high of $11.79. The firm has a market capitalization of $401.08 million, a PE ratio of -37.62, a price-to-earnings-growth ratio of 1.08 and a beta of 1.60.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the business. Migdal Insurance & Financial Holdings Ltd. increased its position in Perion Network by 37.9% during the 2nd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 1,511,885 shares of the technology company’s stock valued at $15,346,000 after buying an additional 415,912 shares in the last quarter. Murchinson Ltd. purchased a new stake in shares of Perion Network in the first quarter worth $2,274,000. Goldman Sachs Group Inc. grew its stake in shares of Perion Network by 23.1% in the first quarter. Goldman Sachs Group Inc. now owns 343,723 shares of the technology company’s stock worth $2,798,000 after acquiring an additional 64,442 shares during the last quarter. PDT Partners LLC increased its holdings in shares of Perion Network by 23.9% during the first quarter. PDT Partners LLC now owns 142,640 shares of the technology company’s stock valued at $1,161,000 after acquiring an additional 27,543 shares in the last quarter. Finally, Stableford Capital II LLC purchased a new position in shares of Perion Network in the 2nd quarter worth about $451,000. 68.12% of the stock is currently owned by 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.