Perion Network Ltd (NASDAQ:PERI) Receives $14.17 Average Target Price from Analysts

Shares of Perion Network Ltd (NASDAQ:PERI) have earned an average rating of “Hold” from the five research firms that are currently covering the firm, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and three have issued a buy rating on the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $14.1667.

Several brokerages have issued reports on PERI. Roth Mkm reaffirmed a “buy” rating and set a $14.50 price objective (up from $14.00) on shares of Perion Network in a report on Thursday, November 13th. Lake Street Capital set a $14.00 price target on Perion Network in a research note on Thursday, February 19th. Weiss Ratings reiterated a “sell (d+)” rating on shares of Perion Network in a research note on Thursday, January 22nd. Finally, Wall Street Zen downgraded Perion Network from a “buy” rating to a “hold” rating in a report on Saturday, February 14th.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of PERI. Equitable Trust Co. boosted its stake in shares of Perion Network by 1.5% during the fourth quarter. Equitable Trust Co. now owns 102,395 shares of the technology company’s stock worth $981,000 after buying an additional 1,500 shares during the period. Osaic Holdings Inc. lifted its position in Perion Network by 209.9% during the 2nd 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 during the period. State of Wyoming grew its stake in shares of Perion Network by 11.0% in the 2nd quarter. State of Wyoming now owns 22,147 shares of the technology company’s stock valued at $225,000 after purchasing an additional 2,196 shares during the last quarter. Exchange Traded Concepts LLC increased its holdings in shares of Perion Network by 9.5% in the third quarter. Exchange Traded Concepts LLC now owns 28,076 shares of the technology company’s stock valued at $270,000 after purchasing an additional 2,446 shares during the period. Finally, Squarepoint Ops LLC raised its stake in shares of Perion Network by 21.8% during the third quarter. Squarepoint Ops LLC now owns 14,418 shares of the technology company’s stock worth $138,000 after purchasing an additional 2,581 shares during the last quarter. 68.12% of the stock is currently owned by institutional investors and hedge funds.

Perion Network Stock Down 1.8%

PERI stock opened at $8.51 on Tuesday. The business has a 50 day moving average price of $8.93 and a 200 day moving average price of $9.38. The stock has a market cap of $349.00 million, a price-to-earnings ratio of -47.28, a PEG ratio of 0.79 and a beta of 1.45. Perion Network has a fifty-two week low of $6.99 and a fifty-two week high of $11.79.

Perion Network (NASDAQ:PERI) last announced its quarterly earnings results on Wednesday, February 18th. The technology company reported $0.49 EPS for the quarter, meeting the consensus estimate of $0.49. Perion Network had a negative net margin of 1.80% and a positive return on equity of 3.38%. The company had revenue of $137.14 million for the quarter, compared to analyst estimates of $136.53 million. As a group, sell-side analysts anticipate that Perion Network will post 0.51 EPS for the current year.

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.