Perion Network Stock Forecast, Price & News

5 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Perion Network in the last twelve months. There are currently 1 hold rating and 4 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" Perion Network stock.
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Perion Network saw a decrease in short interest in August. As of August 31st, there was short interest totaling 287,600 shares, a decrease of 20.7% from the August 15th total of 362,600 shares. Based on an average daily volume of 561,600 shares, the days-to-cover ratio is currently 0.5 days. Approximately 0.9% of the company's stock are short sold.
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Perion Network is scheduled to release its next quarterly earnings announcement on Wednesday, October 27th 2021.
View our earnings forecast for Perion Network.

Perion Network Ltd. (NASDAQ:PERI) announced its earnings results on Tuesday, August, 3rd. The technology company reported $0.19 earnings per share for the quarter, topping the Zacks' consensus estimate of $0.18 by $0.01. Perion Network had a net margin of 5.36% and a trailing twelve-month return on equity of 9.92%.
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Perion Network's stock was trading at $6.20 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization. Since then, PERI stock has increased by 207.4% and is now trading at $19.06.
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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 market closes 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 2021 earnings guidance on Tuesday, August, 10th. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $415 million-$430 million, compared to the consensus revenue estimate of $420.17 million.

5 equities research analysts have issued twelve-month price targets for Perion Network's shares. Their forecasts range from $10.00 to $35.00. On average, they anticipate Perion Network's stock price to reach $22.50 in the next year. This suggests a possible upside of 18.0% from the stock's current price.
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7 employees have rated Perion Network CEO Doron Gerstel on Glassdoor.com. Doron Gerstel has an approval rating of 61% among Perion Network's employees. This puts Doron Gerstel in the bottom 25% of approval ratings compared to other CEOs of publicly-traded companies.

Some companies that are related to Perion Network include BTRS (BTRS), PROS (PRO), Formula Systems (1985) (FORTY), Computer Programs and Systems (CPSI), RumbleON (RMBL), Luokung Technology (LKCO), Synchronoss Technologies (SNCR), AGM Group (AGMH), HIVE Blockchain Technologies (HIVE), Computer Task Group (CTG), Innovative Solutions and Support (ISSC), Inpixon (INPX), The Glimpse Group (VRAR), RealNetworks (RNWK) and MIND C.T.I. (MNDO).
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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 Renaissance Technologies LLC (5.47%), Federated Hermes Inc. (2.07%), Ophir Asset Management Pty Ltd (1.98%), Group One Trading L.P. (0.00%), Millennium Management LLC (1.42%) and Susquehanna International Group LLP (0.00%).

PERI stock was sold by a variety of institutional investors in the last quarter, including Susquehanna International Group LLP, Federated Hermes Inc., Renaissance Technologies LLC, ARK Investment Management LLC, JPMorgan Chase & Co., Paloma Partners Management Co, Jump Financial LLC, and Cutler Group LP.

PERI stock was bought by a variety of institutional investors in the last quarter, including Ophir Asset Management Pty Ltd, Group One Trading L.P., PEAK6 Investments LLC, Kranot Hishtalmut Le Morim Ve Gananot Havera Menahelet LTD, Man Group plc, Deutsche Bank AG, Kennedy Capital Management Inc., and PDT Partners LLC.

Shares of PERI 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 $19.06.

Perion Network has a market capitalization of $645.22 million and generates $328.06 million in revenue each year. The technology company earns $10.23 million in net income (profit) each year or $0.36 on an earnings per share basis.

Perion Network employs 417 workers across the globe.

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

Perion Network is headquartered at AZRIELI CENTER 1 BUILDING A 4TH FLOOR 26 HAROKMIM ST., HOLON L3, 5885849.

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 972733981582 or via email at [email protected]