Perion Network (NASDAQ:PERI) Now Covered by Analysts at Canaccord Genuity Group

Key Points

• Canaccord Genuity initiated coverage on Perion Network with a Buy rating and a $14.00 price target, implying roughly a 55.6% upside from current levels.
• Analyst sentiment is mixed but modestly positive—four Buys, one Hold and one Sell—giving an average rating of "Moderate Buy" and an average price target of $14.13.
• Perion opened at $9.00 with a $351.3M market cap and a 52-week range of $6.99–$11.79; the company reported $0.49 EPS last quarter (meeting estimates) but shows a negative net margin and a trailing P/E of -50.

Canaccord Genuity Group assumed coverage on shares of Perion Network (NASDAQ:PERI - Get Free Report) in a note issued to investors on Friday. The brokerage set a "buy" rating and a $14.00 price target on the technology company's stock. Canaccord Genuity Group's target price would indicate a potential upside of 55.56% from the company's current price.

Several other analysts have also recently weighed in on the company. Wall Street Zen cut Perion Network from a "buy" rating to a "hold" rating in a report on Saturday, February 14th. Weiss Ratings reaffirmed a "sell (d+)" rating on shares of Perion Network in a research note on Thursday, January 22nd. Finally, Lake Street Capital set a $14.00 price target on shares of Perion Network in a research note on Thursday, February 19th. Four research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $14.13.

Perion Network Price Performance

PERI stock opened at $9.00 on Friday. The company has a 50 day moving average price of $8.86 and a 200 day moving average price of $9.36. Perion Network has a fifty-two week low of $6.99 and a fifty-two week high of $11.79. The stock has a market capitalization of $351.27 million, a PE ratio of -50.00, a price-to-earnings-growth ratio of 0.79 and a beta of 1.45.

Perion Network (NASDAQ:PERI - Get Free Report) last released its earnings results on Wednesday, February 18th. The technology company reported $0.49 EPS for the quarter, meeting the consensus estimate of $0.49. Perion Network had a positive return on equity of 3.38% and a negative net margin of 1.80%.The company had revenue of $137.14 million during the quarter, compared to analysts' expectations of $136.53 million. As a group, equities analysts expect that Perion Network will post 0.51 earnings per share for the current fiscal year.

Institutional Trading of Perion Network

A number of hedge funds have recently modified their holdings of PERI. Osaic Holdings Inc. grew its holdings in Perion Network by 209.9% during the second quarter. Osaic Holdings Inc. now owns 2,721 shares of the technology company's stock valued at $28,000 after purchasing an additional 1,843 shares during the period. Advisory Services Network LLC bought a new position in shares of Perion Network during the third quarter worth $77,000. Tripletail Wealth Management LLC acquired a new position in shares of Perion Network in the 3rd quarter valued at $95,000. Virtu Financial LLC acquired a new position in shares of Perion Network in the 3rd quarter valued at $100,000. Finally, Vanguard Personalized Indexing Management LLC bought a new stake in shares of Perion Network in the 3rd quarter valued at $107,000. 68.12% of the stock is currently owned by institutional investors and hedge funds.

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.

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