Perion Network (PERI) Stock Forecast, Price & News

4 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 3 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" PERI shares.
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4 analysts have issued 1 year price objectives for Perion Network's shares. Their PERI share price forecasts range from $36.00 to $42.00. On average, they anticipate the company's share price to reach $39.80 in the next twelve months. This suggests a possible upside of 27.5% from the stock's current price.
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Perion Network's stock was trading at $25.30 at the beginning of 2023. Since then, PERI stock has increased by 23.4% and is now trading at $31.22.
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Perion Network saw a increase in short interest during the month of May. As of May 15th, there was short interest totaling 1,090,000 shares, an increase of 120.6% from the April 30th total of 494,100 shares. Based on an average trading volume of 809,400 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, August 2nd 2023.
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Perion Network Ltd. (NASDAQ:PERI) issued its earnings results on Tuesday, October, 26th. The technology company reported $0.28 EPS for the quarter, topping analysts' consensus estimates of $0.17 by $0.11. The technology company had revenue of $121.03 million for the quarter, compared to analyst estimates of $107.90 million. Perion Network had a trailing twelve-month return on equity of 20.95% and a net margin of 16.29%. During the same period in the prior year, the business earned $0.08 EPS.

ETFs with the largest weight of Perion Network (NASDAQ:PERI) stock in their portfolio include SmartETFs Advertising & Marketing Technology ETF (MRAD), Innovator IBD 50 ETF (FFTY), ARK Israel Innovative Technology ETF (IZRL), Invesco Dynamic Software ETF (PSJ), BlueStar Israel Technology ETF (ITEQ), SPDR FactSet Innovative Technology ETF (XITK), VanEck Israel ETF (ISRA) and Invesco Dynamic Market ETF (PWC).

Shares of Perion Network reverse split on the morning of 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 stock prior to the reverse split would have 33 shares after the split.

Perion Network updated its FY 2023 earnings guidance on Wednesday, May, 3rd. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $725.00 million-$745.00 million, compared to the consensus revenue estimate of $729.25 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 many different institutional and retail investors. Top institutional shareholders include Acadian Asset Management LLC (3.91%), Harel Insurance Investments & Financial Services Ltd. (3.48%), Renaissance Technologies LLC (3.34%), Private Capital Management LLC (3.27%), Meitav Investment House Ltd. (3.20%) and Victory Capital Management Inc. (2.74%).

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 $31.22.

Perion Network (NASDAQ:PERI) has a market capitalization of $1.44 billion and generates $640.26 million in revenue each year. The technology company earns $99.22 million in net income (profit) each year or $2.21 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.