Perion Network Ltd (PERI) – What Are Researchers Saying About This Stock?

Shares of Perion Network Ltd (NASDAQ:PERI) have earned an average recommendation of “Moderate Buy” from the six analysts that are presently covering the company, Marketbeat.com reports. One analyst has rated the stock with a sell rating, one has issued a hold rating, three have issued a buy rating and one has issued a strong buy rating on the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is $13.83.

A number of equities research analysts recently weighed in on PERI shares. Zacks Research raised Perion Network from a “hold” rating to a “strong-buy” rating in a research report on Monday, October 5th. Weiss Ratings cut Perion Network from a “sell (d+)” rating to a “sell (d)” rating in a report on Friday, September 25th.

Perion Network Price Performance

Shares of Perion Network stock opened at $8.75 on Friday. The company has a market cap of $341.51 million, a PE ratio of -25.00, a price-to-earnings-growth ratio of 1.02 and a beta of 1.13. The firm has a fifty day moving average price of $9.06 and a two-hundred day moving average price of $9.33. Perion Network has a fifty-two week low of $7.63 and a fifty-two week high of $11.27.

Perion Network (NASDAQ:PERI) last posted its quarterly earnings data on Tuesday, August 11th. The technology company reported $0.09 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.08 by $0.01. The company had revenue of $98.24 million for the quarter, compared to the consensus estimate of $96.72 million. Perion Network had a negative net margin of 2.95% and a positive return on equity of 2.43%. Analysts expect that Perion Network will post 0.45 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Perion Network news, Director Eyal Kaplan sold 2,916 shares of the business’s stock in a transaction on Thursday, October 1st. The shares were sold at an average price of $8.72, for a total value of $25,427.52. Following the sale, the director owned 51,226 shares of the company’s stock, valued at $446,690.72. The trade was a 5.39% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold a total of 6,767 shares of company stock worth $58,970 in the last 90 days. 2.78% of the stock is owned by insiders.

Institutional Trading of Perion Network

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Lazard Asset Management LLC acquired a new position in Perion Network in the first quarter worth about $1,568,000. Sei Investments Co. grew its stake in shares of Perion Network by 100.2% in the 1st quarter. Sei Investments Co. now owns 166,538 shares of the technology company’s stock valued at $1,664,000 after purchasing an additional 83,359 shares during the period. North Star Investment Management Corp. bought a new stake in shares of Perion Network in the 1st quarter valued at approximately $649,000. Public Employees Retirement System of Ohio acquired a new position in shares of Perion Network in the 2nd quarter worth approximately $532,000. Finally, Systematic Financial Management LP raised its holdings in shares of Perion Network by 5.9% in the 1st quarter. Systematic Financial Management LP now owns 869,066 shares of the technology company’s stock worth $8,689,000 after buying an additional 48,246 shares in the last quarter. Institutional investors own 68.12% of the company’s stock.

About Perion Network

Perion Network Ltd. (NASDAQ: PERI) is an Israel-based global advertising technology company that develops solutions for advertisers, publishers and commerce platforms. Its business is focused on helping clients plan, deliver, manage and measure digital advertising campaigns across search, social media, display, video, connected television and digital out-of-home channels.

The company operates through several technology and advertising platforms. These include Undertone, which provides digital media and creative advertising solutions; CodeFuel, which focuses on search monetization and website publishing tools; and Hivestack, a programmatic platform for digital out-of-home advertising.