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

Shares of Perion Network Ltd (NASDAQ:PERI) have earned an average recommendation of “Moderate Buy” from the six ratings firms that are covering the stock, Marketbeat 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 price target among brokers that have updated their coverage on the stock in the last year is $13.8750.

A number of equities analysts have issued reports on the stock. Lake Street Capital set a $13.00 price objective on shares of Perion Network and gave the stock a “buy” rating in a report on Thursday, May 21st. Canaccord Genuity Group assumed coverage on shares of Perion Network in a report on Friday, March 20th. They set a “buy” rating and a $14.00 price objective on the stock. Finally, Needham & Company LLC reaffirmed a “hold” rating on shares of Perion Network in a report on Tuesday, May 26th.

Perion Network Price Performance

PERI opened at $8.45 on Thursday. The company has a market capitalization of $329.80 million, a price-to-earnings ratio of -33.80, a P/E/G ratio of 1.20 and a beta of 1.22. The firm’s fifty day moving average price is $9.55 and its two-hundred day moving average price is $9.40. Perion Network has a 1 year low of $7.63 and a 1 year high of $11.44.

Perion Network (NASDAQ:PERI) last posted its quarterly earnings data on Thursday, May 21st. The technology company reported $0.11 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.06 by $0.05. The firm had revenue of $90.37 million for the quarter, compared to the consensus estimate of $91.74 million. Perion Network had a negative net margin of 2.17% and a positive return on equity of 3.34%. As a group, equities analysts anticipate that Perion Network will post 0.38 EPS for the current year.

Insider Transactions at Perion Network

In other Perion Network news, Director Eyal Kaplan sold 2,915 shares of Perion Network stock in a transaction on Wednesday, April 1st. The shares were sold at an average price of $10.00, for a total transaction of $29,150.00. Following the transaction, the director directly 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 Securities & Exchange Commission, which is available through the SEC website. Over the last quarter, insiders have sold 6,764 shares of company stock worth $67,640. 2.78% of the stock is owned by insiders.

Institutional Investors Weigh In On Perion Network

Hedge funds have recently made changes to their positions in the business. Stableford Capital II LLC raised its stake in shares of Perion Network by 173.5% during the 4th quarter. Stableford Capital II LLC now owns 215,960 shares of the technology company’s stock worth $2,069,000 after purchasing an additional 136,999 shares during the period. Nano Cap New Millennium Growth Fund L P bought a new stake in shares of Perion Network during the 4th quarter worth $551,000. Procyon Advisors LLC bought a new stake in shares of Perion Network during the 4th quarter worth $119,000. State of New Jersey Common Pension Fund D raised its stake in shares of Perion Network by 41.0% during the 3rd quarter. State of New Jersey Common Pension Fund D now owns 41,937 shares of the technology company’s stock worth $403,000 after purchasing an additional 12,203 shares during the period. Finally, Lazard Asset Management LLC bought a new stake in shares of Perion Network during the 1st quarter worth $1,568,000. 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.