Perion Network (NASDAQ:PERI) Cut to Hold at Wall Street Zen

Perion Network (NASDAQ:PERI) was downgraded by equities research analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a research report issued on Saturday.

PERI has been the subject of a number of other research reports. Roth Mkm restated a “buy” rating and set a $14.50 price objective (up previously from $14.00) on shares of Perion Network in a research report on Thursday, November 13th. Weiss Ratings reiterated a “sell (d+)” rating on shares of Perion Network in a research report on Thursday, January 22nd. Finally, Lake Street Capital increased their price target on Perion Network from $14.00 to $15.00 and gave the company a “buy” rating in a research note on Thursday, November 13th. Three investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price of $14.50.

Perion Network Stock Performance

Shares of NASDAQ:PERI opened at $8.54 on Friday. The firm has a market cap of $350.23 million, a price-to-earnings ratio of -32.85, a P/E/G ratio of 0.65 and a beta of 1.49. The firm has a fifty day moving average price of $9.38 and a 200 day moving average price of $9.53. Perion Network has a fifty-two week low of $6.99 and a fifty-two week high of $11.79.

Institutional Investors Weigh In On Perion Network

Several large investors have recently added to or reduced their stakes in PERI. Osaic Holdings Inc. raised its position in Perion Network by 209.9% during the second quarter. Osaic Holdings Inc. now owns 2,721 shares of the technology company’s stock valued at $28,000 after purchasing an additional 1,843 shares during the period. Advisory Services Network LLC bought a new position in shares of Perion Network during the 3rd quarter valued at approximately $77,000. Tripletail Wealth Management LLC bought a new position in shares of Perion Network during the 3rd quarter valued at approximately $95,000. Virtu Financial LLC purchased a new stake in Perion Network during the 3rd quarter valued at $100,000. Finally, Vanguard Personalized Indexing Management LLC purchased a new stake in Perion Network during the 3rd quarter valued at $107,000. 68.12% of the stock is 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.