Analysts Set Perion Network Ltd (NASDAQ:PERI) PT at $13.88

Perion Network Ltd (NASDAQ:PERI) has earned an average rating of “Moderate Buy” from the six ratings firms that are covering the firm, Marketbeat reports. One equities research analyst has rated the stock with a sell recommendation, one has given a hold recommendation and four have assigned a buy recommendation to the company. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is $13.8750.

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

Perion Network Stock Down 3.0%

Shares of Perion Network stock opened at $9.37 on Monday. The firm has a market cap of $365.71 million, a price-to-earnings ratio of -37.48, a PEG ratio of 1.34 and a beta of 1.17. The business has a 50-day moving average price of $9.05 and a 200-day moving average price of $9.29. Perion Network has a twelve month low of $7.63 and a twelve month high of $11.44.

Perion Network (NASDAQ:PERI) last issued its earnings results on Thursday, May 21st. The technology company reported $0.11 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $90.40 million for the quarter, compared to analysts’ expectations of $91.74 million. On average, equities analysts expect that Perion Network will post 0.38 EPS for the current fiscal year.

Insider Transactions at Perion Network

In other Perion Network news, Director Eyal Kaplan sold 2,916 shares of the stock in a transaction on Wednesday, July 1st. The shares were sold at an average price of $9.77, for a total transaction of $28,489.32. Following the completion of the transaction, the director owned 54,142 shares in the company, valued at $528,967.34. This trade represents a 5.11% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available 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 6,765 shares of company stock worth $65,943 over the last quarter. 2.78% of the stock is owned by corporate insiders.

Institutional Trading of Perion Network

Several hedge funds have recently made changes to their positions in the business. Osaic Holdings Inc. grew its position in Perion Network by 209.9% in the second quarter. Osaic Holdings Inc. now owns 2,721 shares of the technology company’s stock worth $28,000 after acquiring an additional 1,843 shares in the last quarter. Advisory Services Network LLC purchased a new stake in Perion Network during the third quarter valued at approximately $77,000. Virtu Financial LLC bought a new stake in Perion Network in the third quarter worth $100,000. Royal Bank of Canada raised 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 acquiring an additional 8,897 shares during the period. Finally, Centiva Capital LP purchased a new stake in Perion Network in the 3rd quarter worth about $115,000. 68.12% of the stock is currently owned by hedge funds and other institutional investors.

About Perion Network

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.