Perion Network Stock Forecast, Price & News

6 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Perion Network in the last twelve months. There are currently 1 hold rating and 5 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" Perion Network stock.
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Perion Network saw a increase in short interest in May. As of May 28th, there was short interest totaling 369,700 shares, an increase of 58.5% from the May 13th total of 233,300 shares. Based on an average trading volume of 696,400 shares, the short-interest ratio is presently 0.5 days. Approximately 1.2% of the shares of the stock are sold short.
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Perion Network is scheduled to release its next quarterly earnings announcement on Wednesday, August 4th 2021.
View our earnings forecast for Perion Network.

Perion Network Ltd. (NASDAQ:PERI) issued its quarterly earnings data on Tuesday, May, 4th. The technology company reported $0.09 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.03 by $0.06. The technology company had revenue of $89.82 million for the quarter, compared to the consensus estimate of $85.93 million. Perion Network had a trailing twelve-month return on equity of 8.03% and a net margin of 3.47%.
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Perion Network's stock was trading at $6.20 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization (WHO). Since then, PERI stock has increased by 174.4% and is now trading at $17.01.
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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 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 updated its FY 2021 earnings guidance on Tuesday, May, 18th. The company provided earnings per share (EPS) guidance of - for the period. The company issued revenue guidance of $390 million-$410 million, compared to the consensus revenue estimate of $375.56 million.

6 brokers have issued twelve-month target prices for Perion Network's shares. Their forecasts range from $10.00 to $34.00. On average, they expect Perion Network's share price to reach $21.33 in the next year. This suggests a possible upside of 25.4% 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 PROS (PRO), Formula Systems (1985) (FORTY), Luokung Technology (LKCO), Computer Programs and Systems (CPSI), AGM Group (AGMH), Computer Task Group (CTG), Inpixon (INPX), Synchronoss Technologies (SNCR), RumbleON (RMBL), RealNetworks (RNWK), Innovative Solutions and Support (ISSC), Bright Mountain Media (BMTM), MIND C.T.I. (MNDO), Recruiter.com Group (RCRT) and Evolving Systems (EVOL).
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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 many different institutional and retail investors. Top institutional shareholders include Renaissance Technologies LLC (6.01%), G2 Investment Partners Management LLC (2.99%), Federated Hermes Inc. (2.62%), ARK Investment Management LLC (1.33%), UBS Group AG (1.28%) and Millennium Management LLC (1.10%).

PERI stock was sold by a variety of institutional investors in the last quarter, including Phoenix Holdings Ltd., EAM Global Investors LLC, Equitable Trust Co., EAM Investors LLC, Captrust Financial Advisors, Sei Investments Co., First Midwest Bank Trust Division, and Perritt Capital Management Inc..

PERI stock was acquired by a variety of institutional investors in the last quarter, including G2 Investment Partners Management LLC, Federated Hermes Inc., UBS Group AG, JPMorgan Chase & Co., Monarch Partners Asset Management LLC, ARK Investment Management LLC, Brant Point Investment Management LLC, and Clal Insurance Enterprises Holdings Ltd.

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 $17.01.

Perion Network has a market capitalization of $575.82 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 972-73-398-1572 or via email at [email protected]