Perion Network Stock Forecast, Price & News

Perion Network's stock was trading at $6.20 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization (WHO). Since then, PERI shares have increased by 22.7% and is now trading at $7.61.
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3 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Perion Network in the last year. There are currently 3 buy ratings for the stock, resulting in a consensus recommendation of "Buy."
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Perion Network is scheduled to release its next quarterly earnings announcement on Wednesday, October 28th 2020.
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Perion Network will be holding an earnings conference call on Wednesday, October 28th at 12:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at Not Available.

Perion Network Ltd (NASDAQ:PERI) released its quarterly earnings data on Wednesday, August, 5th. The technology company reported $0.04 EPS for the quarter, topping the consensus estimate of ($0.08) by $0.12. The technology company earned $60.34 million during the quarter, compared to analysts' expectations of $52.90 million. Perion Network had a return on equity of 6.79% and a net margin of 2.90%.
View Perion Network's earnings history.

Perion Network's stock reverse split on Monday, August 27th 2018. The 1-3 reverse split was announced on Thursday, August 23rd 2018. The number of shares owned by shareholders was adjusted after the closing bell on Friday, August 24th 2018. An investor that had 100 shares of Perion Network stock prior to the reverse split would have 33 shares after the split.

Perion Network issued an update on its FY 2020 Pre-Market earnings guidance on Wednesday, October, 7th. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $290-300 million, compared to the consensus revenue estimate of $282.9 million.

3 Wall Street analysts have issued twelve-month price objectives for Perion Network's stock. Their forecasts range from $8.00 to $10.00. On average, they expect Perion Network's stock price to reach $9.00 in the next year. This suggests a possible upside of 18.3% from the stock's current price.
View analysts' price targets for Perion Network.

Perion Network saw a decline in short interest in the month of September. As of September 30th, there was short interest totaling 525,100 shares, a decline of 18.3% from the September 15th total of 643,000 shares. Based on an average daily volume of 224,700 shares, the days-to-cover ratio is presently 2.3 days. Currently, 2.5% of the shares of the stock are short sold.
View Perion Network's Short Interest.

Some companies that are related to Perion Network include Computer Programs & Systems (CPSI), Bright Mountain Media (BMTM), AGM Group (AGMH), Synchronoss Technologies (SNCR), Luokung Technology (LKCO), Innovative Solutions & Support (ISSC), Computer Task Group (CTG), RealNetworks (RNWK), MIND C.T.I. (MNDO), Inpixon (INPX), Powerbridge Technologies (PBTS), Modsys International (MDSYF), Evolving Systems (EVOL), TSR (TSRI) and Cicero (CICN).
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Based on aggregate information from My MarketBeat watchlists, some companies that other Perion Network investors own include NVIDIA (NVDA), Tesla (TSLA), DexCom (DXCM), Digital Turbine (APPS), Gilead Sciences (GILD), ServiceNow (NOW), Zynga (ZNGA), The Walt Disney (DIS), Enphase Energy (ENPH) and Inovio Pharmaceuticals (INO).

Perion Network trades on the NASDAQ under the ticker symbol "PERI."

Perion Network's stock is owned by a number of retail and institutional investors. Top institutional shareholders include First Midwest Bank Trust Division (0.36%).

PERI stock was bought by a variety of institutional investors in the last quarter, including First Midwest Bank Trust Division.

Shares of PERI can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

One share of PERI stock can currently be purchased for approximately $7.61.

Perion Network has a market capitalization of $203.39 million and generates $261.45 million in revenue each year. The technology company earns $12.89 million in net income (profit) each year or $0.49 on an earnings per share basis.

The official website for Perion Network is www.perion.com.

Perion Network's mailing address is AZRIELI CENTER 1 BUILDING A 4TH FLOOR 26 HAROKMIM ST., HOLON L3, 5885849. The technology company can be reached via phone at 972-73-398-1572 or via email at [email protected]