Perion Network Ltd (PERI) – What Are Analysts Saying About This Stock?

Perion Network Ltd (NASDAQ:PERI) has received a consensus rating of “Moderate Buy” from the six ratings firms that are currently covering the company, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell rating, one has given a hold rating, three have given a buy rating and one has given a strong buy rating to the company. The average 12 month price target among analysts that have issued ratings on the stock in the last year is $13.83.

Several research analysts recently weighed in on the company. Weiss Ratings lowered Perion Network from a “sell (d+)” rating to a “sell (d)” rating in a research report on Friday, September 25th. Zacks Research raised Perion Network from a “hold” rating to a “strong-buy” rating in a research note on Monday, October 5th.

Insider Transactions at Perion Network

In other Perion Network news, Director Eyal Kaplan sold 2,916 shares of the company’s stock in a transaction dated Thursday, October 1st. The stock was sold at an average price of $8.72, for a total value of $25,427.52. Following the transaction, the director directly owned 51,226 shares of the company’s stock, valued at $446,690.72. This represents a 5.39% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold a total of 6,767 shares of company stock worth $58,970 over the last ninety days. 2.78% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of PERI. Systematic Financial Management LP boosted its holdings in Perion Network by 5.9% in the first quarter. Systematic Financial Management LP now owns 869,066 shares of the technology company’s stock worth $8,689,000 after purchasing an additional 48,246 shares in the last quarter. Sei Investments Co. increased its position in Perion Network by 100.2% during the first quarter. Sei Investments Co. now owns 166,538 shares of the technology company’s stock worth $1,664,000 after buying an additional 83,359 shares during the last quarter. Lazard Asset Management LLC acquired a new position in Perion Network during the first quarter worth $1,568,000. Perkins Capital Management Inc. raised its holdings in Perion Network by 13.4% during the first quarter. Perkins Capital Management Inc. now owns 156,865 shares of the technology company’s stock valued at $1,567,000 after buying an additional 18,490 shares in the last quarter. Finally, Equitable Trust Co. raised its holdings in Perion Network by 35.6% during the first quarter. Equitable Trust Co. now owns 138,880 shares of the technology company’s stock valued at $1,387,000 after buying an additional 36,485 shares in the last quarter. Institutional investors and hedge funds own 68.12% of the company’s stock.

Perion Network Price Performance

PERI stock opened at $8.84 on Friday. The firm has a market capitalization of $345.03 million, a P/E ratio of -25.26, a P/E/G ratio of 1.02 and a beta of 1.13. Perion Network has a 52-week low of $7.63 and a 52-week high of $11.27. The company’s 50 day simple moving average is $8.96 and its 200-day simple moving average is $9.24.

Perion Network (NASDAQ:PERI) last posted its quarterly earnings data on Tuesday, August 11th. The technology company reported $0.09 earnings per share for the quarter, topping the consensus estimate of $0.08 by $0.01. The firm had revenue of $98.24 million for the quarter, compared to analysts’ expectations of $96.72 million. Perion Network had a negative net margin of 2.95% and a positive return on equity of 2.43%. Sell-side analysts predict that Perion Network will post 0.45 EPS for the current fiscal year.

About Perion Network

Perion Network Ltd. (NASDAQ: PERI) is an Israel-based global advertising technology company that develops solutions for advertisers, publishers and commerce platforms. Its business is focused on helping clients plan, deliver, manage and measure digital advertising campaigns across search, social media, display, video, connected television and digital out-of-home channels.

The company operates through several technology and advertising platforms. These include Undertone, which provides digital media and creative advertising solutions; CodeFuel, which focuses on search monetization and website publishing tools; and Hivestack, a programmatic platform for digital out-of-home advertising.