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

Shares of Perion Network Ltd (NASDAQ:PERI) have received an average recommendation of “Hold” from the five brokerages that are covering the stock, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating, one has given a hold rating and three have issued a buy rating on the company. The average 12-month price objective among brokers that have covered the stock in the last year is $14.1667.

Several research firms have commented on PERI. Wall Street Zen lowered shares of Perion Network from a “buy” rating to a “hold” rating in a research report on Saturday, February 14th. Weiss Ratings restated a “sell (d+)” rating on shares of Perion Network in a report on Thursday, January 22nd. Lake Street Capital set a $14.00 target price on shares of Perion Network in a research report on Thursday, February 19th. Finally, Roth Mkm reaffirmed a “buy” rating and issued a $14.50 price target (up from $14.00) on shares of Perion Network in a report on Thursday, November 13th.

Perion Network Price Performance

Shares of PERI opened at $8.72 on Tuesday. The stock has a market capitalization of $357.61 million, a price-to-earnings ratio of -48.44, a price-to-earnings-growth ratio of 0.81 and a beta of 1.45. Perion Network has a 1 year low of $6.99 and a 1 year high of $11.79. The business’s 50 day simple moving average is $8.99 and its 200-day simple moving average is $9.39.

Perion Network (NASDAQ:PERI) last posted its earnings results on Wednesday, February 18th. The technology company reported $0.49 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.49. Perion Network had a negative net margin of 1.80% and a positive return on equity of 3.38%. The firm had revenue of $137.14 million during the quarter, compared to analyst estimates of $136.53 million. On average, sell-side analysts expect that Perion Network will post 0.51 earnings per share for the current year.

Institutional Investors Weigh In On Perion Network

Several institutional investors have recently modified their holdings of the stock. Private Capital Management LLC boosted its holdings in shares of Perion Network by 16.8% in the 3rd quarter. Private Capital Management LLC now owns 3,751,278 shares of the technology company’s stock worth $36,012,000 after purchasing an additional 538,375 shares during the period. Stableford Capital II LLC increased its position in shares of Perion Network by 173.5% during 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 last quarter. Tripletail Wealth Management LLC raised its holdings in Perion Network by 1,066.7% during the 4th quarter. Tripletail Wealth Management LLC now owns 113,520 shares of the technology company’s stock valued at $1,088,000 after buying an additional 103,790 shares during the period. JPMorgan Chase & Co. raised its holdings in Perion Network by 165.8% during the 2nd quarter. JPMorgan Chase & Co. now owns 162,617 shares of the technology company’s stock valued at $1,651,000 after buying an additional 101,446 shares during the period. Finally, Millennium Management LLC bought a new stake in Perion Network in the third quarter worth $837,000. 68.12% of the stock is owned by institutional investors.

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.