Perion Network Ltd (NASDAQ:PERI) Given Consensus Recommendation of “Moderate Buy” by Analysts

Shares of Perion Network Ltd (NASDAQ:PERI) have been assigned an average recommendation of “Moderate Buy” from the six research firms that are covering the company, Marketbeat reports. One equities research analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation and four have issued a buy recommendation on the company. The average twelve-month price objective among analysts that have issued ratings on the stock in the last year is $13.8750.

A number of research analysts have recently issued reports on the stock. Needham & Company LLC restated a “hold” rating on shares of Perion Network in a research report on Tuesday, May 26th. Lake Street Capital set a $13.00 target price on shares of Perion Network and gave the stock a “buy” rating in a research note on Thursday, May 21st. Finally, Canaccord Genuity Group initiated coverage on shares of Perion Network in a report on Friday, March 20th. They issued a “buy” rating and a $14.00 target price on the stock.

Insider Activity

In other Perion Network news, Director Eyal Kaplan sold 2,916 shares of the business’s stock in a transaction that occurred on Wednesday, July 1st. The stock was sold at an average price of $9.77, for a total value of $28,489.32. Following the transaction, the director directly owned 54,142 shares of the company’s stock, valued at approximately $528,967.34. The trade was a 5.11% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last 90 days, insiders sold 6,765 shares of company stock valued at $65,943. 2.78% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in PERI. Osaic Holdings Inc. lifted its holdings in shares of Perion Network by 209.9% in the 2nd quarter. Osaic Holdings Inc. now owns 2,721 shares of the technology company’s stock worth $28,000 after purchasing an additional 1,843 shares in the last quarter. Advisory Services Network LLC bought a new stake in Perion Network during the 3rd quarter valued at $77,000. Royal Bank of Canada raised its holdings in Perion Network by 698.9% during the first quarter. Royal Bank of Canada now owns 10,170 shares of the technology company’s stock worth $102,000 after buying an additional 8,897 shares during the last quarter. Virtu Financial LLC acquired a new position in Perion Network during the third quarter worth $100,000. Finally, Centiva Capital LP bought a new position in shares of Perion Network in the third quarter valued at $115,000. Institutional investors own 68.12% of the company’s stock.

Perion Network Price Performance

NASDAQ PERI opened at $9.36 on Monday. Perion Network has a twelve month low of $7.63 and a twelve month high of $11.44. The company has a market cap of $365.32 million, a price-to-earnings ratio of -37.44, a price-to-earnings-growth ratio of 1.30 and a beta of 1.17. The business’s fifty day moving average is $9.18 and its 200 day moving average is $9.30.

Perion Network (NASDAQ:PERI) last issued its quarterly earnings data on Thursday, May 21st. The technology company reported $0.11 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.06 by $0.05. The business had revenue of $90.40 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%. On average, research analysts anticipate that Perion Network will post 0.38 earnings per share for the current fiscal 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.