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

Perion Network Ltd (NASDAQ:PERI) has received a consensus rating of “Moderate Buy” from the six research firms that are currently covering the stock, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation, one has given a hold recommendation and four have given a buy recommendation to the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is $13.8750.

A number of research firms have commented on PERI. Needham & Company LLC reissued a “hold” rating on shares of Perion Network in a research note on Tuesday, May 26th. Lake Street Capital set a $13.00 target price on Perion Network and gave the company a “buy” rating in a research note on Thursday, May 21st.

Perion Network Price Performance

Shares of PERI opened at $9.67 on Friday. The company has a market capitalization of $377.42 million, a P/E ratio of -38.68, a PEG ratio of 1.33 and a beta of 1.18. Perion Network has a one year low of $7.63 and a one year high of $11.27. The business’s 50 day simple moving average is $9.02 and its 200-day simple moving average is $9.29.

Perion Network (NASDAQ:PERI) last released its quarterly earnings results on Thursday, May 21st. The technology company reported $0.11 earnings per share for the quarter, beating analysts’ consensus estimates of $0.06 by $0.05. Perion Network had a positive return on equity of 3.34% and a negative net margin of 2.17%.The firm had revenue of $90.40 million during the quarter, compared to analysts’ expectations of $91.74 million. On average, sell-side analysts anticipate that Perion Network will post 0.38 EPS for the current fiscal year.

Insider Transactions at Perion Network

In other Perion Network news, Director Eyal Kaplan sold 2,916 shares of the stock in a transaction dated Wednesday, July 1st. The shares were sold at an average price of $9.77, for a total transaction of $28,489.32. Following the sale, the director owned 54,142 shares of the company’s stock, valued at $528,967.34. This represents a 5.11% decrease in their position. The sale was disclosed in a legal 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. In the last 90 days, insiders have sold 6,765 shares of company stock worth $65,943. 2.78% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Perion Network

Institutional investors have recently modified their holdings of the stock. Lazard Asset Management LLC bought a new position in Perion Network in the 1st quarter valued at $1,568,000. Nano Cap New Millennium Growth Fund L P bought a new stake in shares of Perion Network during the fourth quarter worth $551,000. North Star Investment Management Corp. bought a new stake in shares of Perion Network during the first quarter worth $649,000. Systematic Financial Management LP raised its position in shares of Perion Network by 5.9% during the first quarter. Systematic Financial Management LP now owns 869,066 shares of the technology company’s stock worth $8,689,000 after acquiring an additional 48,246 shares during the last quarter. Finally, Sei Investments Co. lifted its stake in shares of Perion Network by 100.2% during the first quarter. Sei Investments Co. now owns 166,538 shares of the technology company’s stock valued at $1,664,000 after acquiring an additional 83,359 shares during the period. 68.12% of the stock is owned by institutional investors.

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.