Perion Network Ltd (NASDAQ:PERI) Receives Consensus Rating of “Moderate Buy” from Analysts

Perion Network Ltd (NASDAQ:PERI) has been given an average rating of “Moderate Buy” by the five ratings firms that are currently covering the firm, Marketbeat.com reports. One analyst has rated the stock with a sell rating and four have issued a buy rating on the company. The average 12 month target price among brokers that have covered the stock in the last year is $13.8750.

PERI has been the subject of several recent analyst reports. Wall Street Zen downgraded Perion Network from a “buy” rating to a “hold” rating in a research note on Saturday, February 14th. Lake Street Capital set a $13.00 target price on Perion Network and gave the company a “buy” rating in a research note on Thursday. Finally, Canaccord Genuity Group initiated coverage on Perion Network in a research note on Friday, March 20th. They set a “buy” rating and a $14.00 target price for the company.

Perion Network Trading Up 1.6%

Shares of PERI stock opened at $8.98 on Friday. The firm has a fifty day simple moving average of $9.99 and a 200-day simple moving average of $9.57. The company has a market capitalization of $350.49 million, a PE ratio of -35.92, a price-to-earnings-growth ratio of 1.69 and a beta of 1.31. Perion Network has a twelve month low of $8.06 and a twelve month high of $11.44.

Perion Network (NASDAQ:PERI) last released its quarterly earnings results on Wednesday, May 20th. The technology company reported $0.11 earnings per share for the quarter, beating analysts’ consensus estimates of $0.06 by $0.05. The business had revenue of $90.37 million during the quarter, compared to analyst estimates of $91.74 million. Perion Network had a negative net margin of 2.17% and a positive return on equity of 3.34%. Equities research analysts predict that Perion Network will post 0.28 EPS for the current year.

Insider Buying and Selling at Perion Network

In other news, Director Eyal Kaplan sold 2,915 shares of the firm’s stock in a transaction dated Wednesday, April 1st. The stock was sold at an average price of $10.00, for a total transaction of $29,150.00. Following the completion of the sale, the director directly owned 57,058 shares in the company, valued at $570,580. This trade represents a 4.86% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders sold 6,764 shares of company stock worth $67,640 in the last three months. 2.78% of the stock is owned by company insiders.

Institutional Trading of Perion Network

Several large investors have recently modified their holdings of the business. Equitable Trust Co. grew 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 valued at $981,000 after acquiring an additional 1,500 shares in the last quarter. Osaic Holdings Inc. grew its stake in shares of 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 acquiring an additional 1,843 shares in the last quarter. SG Americas Securities LLC grew its stake in Perion Network by 21.9% in the first quarter. SG Americas Securities LLC now owns 12,190 shares of the technology company’s stock worth $122,000 after purchasing an additional 2,186 shares in the last quarter. State of Wyoming grew its stake in Perion Network by 11.0% in the second quarter. State of Wyoming now owns 22,147 shares of the technology company’s stock worth $225,000 after purchasing an additional 2,196 shares in the last quarter. Finally, Squarepoint Ops LLC increased its holdings in Perion Network by 21.8% in the third quarter. Squarepoint Ops LLC now owns 14,418 shares of the technology company’s stock valued at $138,000 after buying an additional 2,581 shares during the last quarter. 68.12% of the stock is currently owned by institutional investors and hedge funds.

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.