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

Shares of Perion Network Ltd (NASDAQ:PERI) have been assigned an average recommendation of “Moderate Buy” from the six analysts that are presently covering the stock, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and four have issued a buy rating on the company. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is $14.1250.

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

Perion Network Price Performance

Shares of NASDAQ PERI opened at $10.81 on Wednesday. The stock’s 50-day moving average is $9.58 and its two-hundred day moving average is $9.50. Perion Network has a 1-year low of $8.06 and a 1-year high of $11.79. The company has a market cap of $421.91 million, a price-to-earnings ratio of -60.05, a price-to-earnings-growth ratio of 0.98 and a beta of 1.31.

Perion Network (NASDAQ:PERI) last issued its quarterly earnings results on Wednesday, February 18th. The technology company reported $0.49 earnings per share 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 company had revenue of $137.14 million for 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.

Insiders Place Their Bets

In other Perion Network news, Director Eyal Kaplan sold 2,915 shares of the stock in a transaction that occurred 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 directly owned 57,058 shares of the company’s stock, valued at approximately $570,580. This trade represents a 4.86% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Over the last ninety days, insiders sold 6,764 shares of company stock worth $67,640. 2.78% of the stock is currently owned by company insiders.

Institutional Trading of Perion Network

Several hedge funds have recently modified their holdings of PERI. Stableford Capital II LLC increased 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 in the last quarter. State of New Jersey Common Pension Fund D increased its stake in Perion Network by 41.0% in the 3rd quarter. State of New Jersey Common Pension Fund D now owns 41,937 shares of the technology company’s stock valued at $403,000 after purchasing an additional 12,203 shares in the last quarter. New York State Common Retirement Fund increased its position in Perion Network by 19.4% during the third quarter. New York State Common Retirement Fund now owns 75,970 shares of the technology company’s stock worth $729,000 after buying an additional 12,355 shares in the last quarter. Vanguard Personalized Indexing Management LLC purchased a new position in Perion Network during the third quarter worth $107,000. Finally, State of Wyoming increased its position in Perion Network by 115.8% during the third quarter. State of Wyoming now owns 47,786 shares of the technology company’s stock worth $459,000 after buying an additional 25,639 shares in the last quarter. 68.12% of the stock is owned by institutional investors and hedge funds.

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.