Perion Network - PERI Stock Forecast, Price & News

2 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Perion Network in the last twelve months. There are currently 2 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" PERI shares.
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2 brokerages have issued 1 year target prices for Perion Network's shares. Their PERI share price forecasts range from $28.00 to $37.00. On average, they anticipate the company's stock price to reach $31.67 in the next year. This suggests that the stock has a possible downside of 4.7%.
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Perion Network's stock was trading at $25.30 at the beginning of the year. Since then, PERI shares have increased by 31.3% and is now trading at $33.23.
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Perion Network saw a increase in short interest during the month of January. As of January 15th, there was short interest totaling 565,700 shares, an increase of 18.4% from the December 31st total of 477,800 shares. Based on an average daily volume of 442,300 shares, the short-interest ratio is currently 1.3 days.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, February 8th 2023.
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Perion Network will be holding an earnings conference call on Wednesday, February 8th at 8:30 AM Eastern. Interested parties can register for or listen to the call using this link.

Perion Network Ltd. (NASDAQ:PERI) posted its quarterly earnings results on Wednesday, November, 9th. The technology company reported $0.54 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.51 by $0.03. The technology company had revenue of $158.62 million for the quarter, compared to the consensus estimate of $158 million. Perion Network had a trailing twelve-month return on equity of 16.45% and a net margin of 13.29%.

Perion Network shares 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 stock prior to the reverse split would have 33 shares after the split.

Perion Network issued an update on its FY 2022 earnings guidance on Saturday, January, 28th. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $636.00 million-$636.00 million, compared to the consensus revenue estimate of $632.26 million.

7 employees have rated Perion Network Chief Executive Officer Doron Gerstel on Glassdoor.com. Doron Gerstel has an approval rating of 61% among the company's employees. This puts Doron Gerstel in the bottom 25% of approval ratings compared to other CEOs of publicly-traded companies.

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), 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 variety of institutional and retail investors. Top institutional shareholders include Migdal Insurance & Financial Holdings Ltd. (4.32%), Harel Insurance Investments & Financial Services Ltd. (2.97%), Artemis Investment Management LLP (0.37%), Congress Asset Management Co. MA (0.25%), ARK Investment Management LLC (0.21%) and Juncture Wealth Strategies LLC (0.09%).

Shares of PERI stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of PERI stock can currently be purchased for approximately $33.23.

Perion Network (NASDAQ:PERI) has a market capitalization of $1.48 billion and generates $478.50 million in revenue each year. The technology company earns $38.71 million in net income (profit) each year or $1.71 on an earnings per share basis.

The company employs 399 workers across the globe.

Perion Network's mailing address is AZRIELI CENTER 1 BUILDING A 4TH FLOOR 26 HAROKMIM ST., HOLON L3, 5885849. The official website for the company is www.perion.com. The technology company can be reached via phone at 972733981582, via email at investors@perion.com, or via fax at 972-3644-5502.