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 rating of “Moderate Buy” from the six brokerages that are presently covering the stock, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and four have given a buy rating to the company. The average 12 month price target among brokers that have issued a report on the stock in the last year is $14.3750.

A number of equities analysts have recently weighed in on the company. Craig Hallum set a $14.00 price target on Perion Network and gave the stock a “buy” rating in a report on Monday, October 13th. Lake Street Capital raised their price target on shares of Perion Network from $14.00 to $15.00 and gave the stock a “buy” rating in a research report on Thursday, November 13th. Weiss Ratings restated a “sell (d+)” rating on shares of Perion Network in a research note on Wednesday, October 8th. Finally, Roth Capital restated a “buy” rating and issued a $14.50 price objective (up previously from $14.00) on shares of Perion Network in a report on Thursday, November 13th.

Perion Network Stock Performance

Perion Network stock opened at $9.58 on Thursday. The company has a market capitalization of $392.88 million, a price-to-earnings ratio of -36.85, a price-to-earnings-growth ratio of 1.06 and a beta of 1.60. The company’s 50 day simple moving average is $9.75 and its 200-day simple moving average is $9.86. Perion Network has a 1 year low of $6.99 and a 1 year high of $11.79.

Institutional Trading of Perion Network

Institutional investors have recently made changes to their positions in the business. Jump Financial LLC raised its stake in shares of Perion Network by 31.5% in the first quarter. Jump Financial LLC now owns 58,709 shares of the technology company’s stock valued at $478,000 after acquiring an additional 14,050 shares during the last quarter. Caption Management LLC acquired a new stake in Perion Network in the first quarter worth $60,000. PDT Partners LLC raised its holdings in Perion Network by 23.9% during the 1st quarter. PDT Partners LLC now owns 142,640 shares of the technology company’s stock worth $1,161,000 after buying an additional 27,543 shares during the period. NewEdge Advisors LLC acquired a new position in Perion Network in the 1st quarter worth $160,000. Finally, Murchinson Ltd. acquired a new stake in Perion Network in the 1st quarter valued at approximately $2,274,000. 68.12% of the stock is currently 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.