Perion Network Ltd (NASDAQ:PERI) Receives $14.50 Average PT from Brokerages

Shares of Perion Network Ltd (NASDAQ:PERI) have received an average rating of “Hold” from the five ratings firms that are covering the company, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and three have assigned a buy rating to the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is $14.50.

PERI has been the topic of a number of recent analyst reports. Roth Mkm reaffirmed a “buy” rating and set a $14.50 price objective (up previously from $14.00) on shares of Perion Network in a report on Thursday, November 13th. Weiss Ratings restated a “sell (d+)” rating on shares of Perion Network in a research report on Thursday, January 22nd. Lake Street Capital upped their price target on shares of Perion Network from $14.00 to $15.00 and gave the stock a “buy” rating in a research note on Thursday, November 13th. Finally, Wall Street Zen downgraded shares of Perion Network from a “buy” rating to a “hold” rating in a report on Saturday.

Perion Network Trading Up 1.9%

Shares of PERI opened at $8.54 on Friday. The stock’s 50 day moving average is $9.38 and its two-hundred day moving average is $9.51. Perion Network has a twelve month low of $6.99 and a twelve month high of $11.79. The firm has a market capitalization of $350.23 million, a PE ratio of -32.85, a P/E/G ratio of 0.67 and a beta of 1.50.

Institutional Investors Weigh In On Perion Network

A number of hedge funds and other institutional investors have recently modified their holdings of PERI. NewEdge Advisors LLC acquired a new stake in shares of Perion Network in the 1st quarter worth approximately $160,000. Goldman Sachs Group Inc. boosted its position in Perion Network by 23.1% during the first quarter. Goldman Sachs Group Inc. now owns 343,723 shares of the technology company’s stock worth $2,798,000 after purchasing an additional 64,442 shares in the last quarter. Stableford Capital II LLC purchased a new stake in Perion Network during the second quarter worth $451,000. R Squared Ltd acquired a new stake in Perion Network in the second quarter valued at $116,000. Finally, Migdal Insurance & Financial Holdings Ltd. grew its holdings in Perion Network by 37.9% in the second quarter. Migdal Insurance & Financial Holdings Ltd. now owns 1,511,885 shares of the technology company’s stock valued at $15,346,000 after purchasing an additional 415,912 shares during the last quarter. 68.12% of the stock is currently owned by institutional investors and hedge funds.

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.