Analysts Set Perion Network Ltd (NASDAQ:PERI) Target Price at $13.88

Perion Network Ltd (NASDAQ:PERI) has been assigned an average recommendation of “Moderate Buy” from the six ratings firms that are presently covering the company, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, one has issued a hold recommendation and four have issued a buy recommendation on the company. The average 1 year target price among brokerages that have issued ratings on the stock in the last year is $13.8750.

Several research analysts recently commented on the stock. Needham & Company LLC restated a “hold” rating on shares of Perion Network in a report on Tuesday, May 26th. Lake Street Capital set a $13.00 price objective on shares of Perion Network and gave the stock a “buy” rating in a research note on Thursday, May 21st.

Perion Network Stock Up 1.9%

Shares of PERI opened at $9.77 on Friday. The firm has a market cap of $381.27 million, a PE ratio of -27.91, a price-to-earnings-growth ratio of 1.33 and a beta of 1.18. The company’s fifty day moving average is $9.17 and its two-hundred day moving average is $9.31. Perion Network has a fifty-two week low of $7.63 and a fifty-two week high of $11.27.

Perion Network (NASDAQ:PERI) last announced its quarterly earnings data on Monday, August 10th. The technology company reported $0.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.08 by $0.01. The company had revenue of $98.24 million during 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 2.39%. As a group, equities research analysts anticipate that Perion Network will post 0.38 earnings per share for the current year.

Insider Buying and Selling at Perion Network

In related news, Director Eyal Kaplan sold 2,916 shares of Perion Network stock in a transaction on Wednesday, July 1st. The shares were sold at an average price of $9.77, for a total transaction of $28,489.32. Following the transaction, the director owned 54,142 shares in the company, valued at approximately $528,967.34. The trade was a 5.11% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last quarter, insiders have sold 6,765 shares of company stock worth $65,943. Insiders own 2.78% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. Private Capital Management LLC boosted its position in shares of Perion Network by 16.8% in the third quarter. Private Capital Management LLC now owns 3,751,278 shares of the technology company’s stock worth $36,012,000 after buying an additional 538,375 shares during the period. Lazard Asset Management LLC acquired a new stake in shares of Perion Network in the first quarter valued at about $1,568,000. Tripletail Wealth Management LLC raised its holdings in shares of 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 shares of 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 acquired a new position in Perion Network during the 3rd quarter worth approximately $837,000. 68.12% of the stock is owned by hedge funds and other 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.