Perion Network Ltd (NASDAQ:PERI) Receives $14.13 Average PT from Analysts

Shares of Perion Network Ltd (NASDAQ:PERI) have been given a consensus rating of “Moderate Buy” by the six brokerages that are currently covering the stock, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and four have issued a buy rating on the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is $14.1250.

PERI has been the topic of a number of recent research reports. Wall Street Zen downgraded Perion Network from a “buy” rating to a “hold” rating in a research report on Saturday, February 14th. Canaccord Genuity Group initiated coverage on Perion Network in a research report on Friday, March 20th. They issued a “buy” rating and a $14.00 target price on the stock. Weiss Ratings reissued a “sell (d+)” rating on shares of Perion Network in a research report on Thursday, January 22nd. Finally, Lake Street Capital set a $14.00 price objective on Perion Network in a research note on Thursday, February 19th.

Perion Network Stock Performance

NASDAQ:PERI opened at $9.80 on Friday. The stock’s 50-day simple moving average is $9.00 and its 200 day simple moving average is $9.42. The company has a market cap of $382.49 million, a P/E ratio of -54.44, a P/E/G ratio of 0.90 and a beta of 1.35. Perion Network has a 52-week low of $6.99 and a 52-week high of $11.79.

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

Insider Transactions at Perion Network

In other Perion Network news, Director Eyal Kaplan sold 2,915 shares of the company’s stock in a transaction that occurred on Wednesday, April 1st. The stock was sold at an average price of $10.00, for a total value of $29,150.00. Following the sale, the director owned 57,058 shares in the company, valued at $570,580. This represents a 4.86% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders sold a total of 6,764 shares of company stock valued at $67,640 in the last 90 days. 2.78% of the stock is owned by corporate insiders.

Institutional Trading of Perion Network

Institutional investors and hedge funds have recently bought and sold shares of the business. Osaic Holdings Inc. raised its stake in Perion Network by 209.9% in the second quarter. Osaic Holdings Inc. now owns 2,721 shares of the technology company’s stock valued at $28,000 after buying an additional 1,843 shares during the period. Advisory Services Network LLC bought a new stake in Perion Network in the third quarter valued at approximately $77,000. Tripletail Wealth Management LLC bought a new stake in Perion Network in the third quarter valued at approximately $95,000. Virtu Financial LLC bought a new stake in Perion Network in the third quarter valued at approximately $100,000. Finally, Vanguard Personalized Indexing Management LLC bought a new stake in Perion Network in the third quarter valued at approximately $107,000. Institutional investors own 68.12% of the company’s stock.

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.