Perion Network Ltd (NASDAQ:PERI) Given Average Rating of “Moderate Buy” by Brokerages
by Renee Jackson · The Cerbat GemShares of Perion Network Ltd (NASDAQ:PERI – Get Free Report) have earned a consensus rating of “Moderate Buy” from the six brokerages that are currently covering the firm, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, one has issued a hold recommendation and four have issued a buy recommendation on the company. The average 12 month price target among brokerages that have updated their coverage on the stock in the last year is $14.1250.
Several equities research analysts recently issued reports on the stock. Wall Street Zen cut shares of Perion Network from a “buy” rating to a “hold” rating in a research report on Saturday, February 14th. Canaccord Genuity Group initiated coverage on shares of Perion Network in a research note on Friday, March 20th. They issued a “buy” rating and a $14.00 price target for the company. Lake Street Capital set a $14.00 price target on shares of Perion Network in a research report on Thursday, February 19th. Finally, Weiss Ratings reiterated a “sell (d+)” rating on shares of Perion Network in a report on Thursday, January 22nd.
View Our Latest Research Report on Perion Network
Perion Network Stock Performance
Shares of Perion Network stock opened at $9.87 on Friday. The business’s 50 day moving average price is $8.99 and its 200 day moving average price is $9.42. The company has a market cap of $385.23 million, a price-to-earnings ratio of -54.83, a PEG ratio of 0.90 and a beta of 1.35. Perion Network has a one year low of $6.99 and a one year high of $11.79.
Perion Network (NASDAQ:PERI – Get Free Report) last issued its earnings results on Wednesday, February 18th. The technology company reported $0.49 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.49. The business had revenue of $137.14 million during 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%. On average, analysts predict that Perion Network will post 0.51 EPS for the current fiscal year.
Hedge Funds Weigh In On Perion Network
A number of hedge funds have recently modified their holdings of PERI. Private Capital Management LLC increased its position in shares of Perion Network by 16.8% during the 3rd quarter. Private Capital Management LLC now owns 3,751,278 shares of the technology company’s stock worth $36,012,000 after purchasing an additional 538,375 shares during the last quarter. Vanguard Group Inc. lifted its position in Perion Network by 0.9% in the third quarter. Vanguard Group Inc. now owns 1,713,232 shares of the technology company’s stock valued at $16,558,000 after buying an additional 14,563 shares during the last quarter. CastleKnight Management LP boosted its stake in Perion Network by 13.8% during the fourth quarter. CastleKnight Management LP now owns 479,020 shares of the technology company’s stock worth $4,589,000 after buying an additional 58,000 shares during the period. Goldman Sachs Group Inc. boosted its stake 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 buying an additional 64,442 shares during the period. Finally, ARK Investment Management LLC increased its holdings in Perion Network by 28.2% in the 4th quarter. ARK Investment Management LLC now owns 219,605 shares of the technology company’s stock valued at $2,104,000 after purchasing an additional 48,283 shares during the last quarter. 68.12% of the stock is currently owned by hedge funds and other 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.