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

Perion Network Ltd (NASDAQ:PERI) has received a consensus rating of “Moderate Buy” from the six research firms that are covering the firm, Marketbeat reports. One investment 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 12-month price objective among brokerages that have issued a report on the stock in the last year is $13.8750.

Several equities analysts have weighed in on the company. Needham & Company LLC reaffirmed a “hold” rating on shares of Perion Network in a research note on Tuesday. Wall Street Zen cut Perion Network from a “buy” rating to a “hold” rating in a research note on Saturday, February 14th. Canaccord Genuity Group assumed coverage on Perion Network in a research note on Friday, March 20th. They set a “buy” rating and a $14.00 target price on the stock. Finally, Lake Street Capital set a $13.00 target price on Perion Network and gave the company a “buy” rating in a research note on Thursday, May 21st.

Perion Network Price Performance

NASDAQ:PERI opened at $8.49 on Friday. Perion Network has a fifty-two week low of $8.06 and a fifty-two week high of $11.44. The stock’s 50-day moving average is $9.99 and its two-hundred day moving average is $9.55. The stock has a market cap of $331.36 million, a PE ratio of -33.96, a price-to-earnings-growth ratio of 1.60 and a beta of 1.31.

Perion Network (NASDAQ:PERI) last released its earnings results on Wednesday, May 20th. The technology company reported $0.11 earnings per share for the quarter, beating the consensus estimate 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 analysts’ expectations of $91.74 million. On average, equities research analysts anticipate that Perion Network will post 0.28 earnings per share for the current year.

Insiders Place Their Bets

In other Perion Network news, Director Eyal Kaplan sold 2,915 shares of Perion Network stock in a transaction dated Wednesday, April 1st. The stock was sold at an average price of $10.00, for a total transaction of $29,150.00. Following the transaction, the director owned 57,058 shares of the company’s stock, valued at $570,580. The trade was a 4.86% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Over the last 90 days, insiders sold 6,764 shares of company stock worth $67,640. Insiders own 2.78% of the company’s stock.

Institutional Investors Weigh In On Perion Network

Several large investors have recently made changes to their positions in PERI. Private Capital Management LLC grew its stake in shares of Perion Network by 16.8% in the 3rd quarter. Private Capital Management LLC now owns 3,751,278 shares of the technology company’s stock valued at $36,012,000 after buying an additional 538,375 shares in the last quarter. Lazard Asset Management LLC bought a new stake in shares of Perion Network in the 1st quarter valued at approximately $1,568,000. Stableford Capital II LLC grew its stake in shares of Perion Network by 173.5% in the 4th quarter. Stableford Capital II LLC now owns 215,960 shares of the technology company’s stock valued at $2,069,000 after buying an additional 136,999 shares in the last quarter. Tripletail Wealth Management LLC grew its stake in shares of Perion Network by 1,066.7% in the 4th quarter. Tripletail Wealth Management LLC now owns 113,520 shares of the technology company’s stock valued at $1,088,000 after buying an additional 103,790 shares in the last quarter. Finally, JPMorgan Chase & Co. grew its stake in shares of Perion Network by 165.8% in the 2nd quarter. JPMorgan Chase & Co. now owns 162,617 shares of the technology company’s stock valued at $1,651,000 after buying an additional 101,446 shares in the last quarter. Institutional investors own 68.12% of the company’s stock.

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.