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

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

Several brokerages recently issued reports on PERI. Lake Street Capital set a $14.00 price target on Perion Network in a report on Thursday, February 19th. Weiss Ratings reiterated a “sell (d+)” rating on shares of Perion Network in a report on Thursday, January 22nd. Wall Street Zen downgraded Perion Network from a “buy” rating to a “hold” rating in a report on Saturday, February 14th. Finally, Canaccord Genuity Group began coverage on Perion Network in a report on Friday, March 20th. They set a “buy” rating and a $14.00 price target for the company.

Perion Network Stock Down 0.6%

Shares of NASDAQ:PERI opened at $10.38 on Wednesday. Perion Network has a twelve month low of $8.06 and a twelve month high of $11.79. The stock’s 50 day moving average is $9.49 and its 200-day moving average is $9.49. The firm has a market capitalization of $405.08 million, a price-to-earnings ratio of -57.66, a PEG ratio of 0.96 and a beta of 1.35.

Perion Network (NASDAQ:PERI) last announced its quarterly earnings results on Wednesday, February 18th. The technology company reported $0.49 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.49. Perion Network had a positive return on equity of 3.38% and a negative net margin of 1.80%.The business had revenue of $137.14 million during the quarter, compared to the consensus estimate of $136.53 million. Equities research analysts anticipate that Perion Network will post 0.57 earnings per share for the current fiscal year.

Insider Transactions at Perion Network

In related news, Director Eyal Kaplan sold 2,915 shares of the company’s stock in a transaction on 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 owned 57,058 shares in the company, valued at approximately $570,580. This represents a 4.86% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Insiders sold a total of 6,764 shares of company stock worth $67,640 in the last ninety days. Corporate insiders own 2.78% of the company’s stock.

Institutional Investors Weigh In On Perion Network

Institutional investors have recently bought and sold shares of the stock. Stableford Capital II LLC grew its stake in Perion Network by 173.5% in the 4th quarter. Stableford Capital II LLC now owns 215,960 shares of the technology company’s stock valued at $2,069,000 after purchasing an additional 136,999 shares during the period. North Star Investment Management Corp. bought a new position in Perion Network in the 1st quarter valued at $649,000. Clear Harbor Asset Management LLC bought a new position in Perion Network in the 4th quarter valued at $453,000. Nano Cap New Millennium Growth Fund L P bought a new position in Perion Network in the 4th quarter valued at $551,000. Finally, Perkins Capital Management Inc. grew its stake in Perion Network by 12.5% in the 4th quarter. Perkins Capital Management Inc. now owns 138,375 shares of the technology company’s stock valued at $1,326,000 after purchasing an additional 15,425 shares during the period. Institutional investors own 68.12% of the company’s stock.

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.