Perion Network - PERI Stock Forecast, Price & News

4 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Perion Network in the last twelve months. There are currently 4 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" PERI shares.
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4 brokerages have issued 1 year price objectives for Perion Network's stock. Their PERI share price forecasts range from $28.00 to $43.00. On average, they anticipate the company's stock price to reach $33.25 in the next twelve months. This suggests a possible upside of 53.0% from the stock's current price.
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Perion Network's stock was trading at $24.05 on January 1st, 2022. Since then, PERI shares have decreased by 9.6% and is now trading at $21.73.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, October 25th 2022.
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Perion Network Ltd. (NASDAQ:PERI) announced its quarterly earnings data on Tuesday, October, 26th. The technology company reported $0.28 EPS for the quarter, beating the consensus estimate of $0.17 by $0.11. The technology company had revenue of $121.03 million for the quarter, compared to the consensus estimate of $107.90 million. Perion Network had a net margin of 11.49% and a trailing twelve-month return on equity of 15.26%. During the same period last year, the business posted $0.08 earnings per share.

Shares of Perion Network reverse split before market open 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 updated its FY 2022 earnings guidance on Wednesday, August, 10th. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $620.00 million-$640.00 million, compared to the consensus revenue estimate of $627.00 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 investors include Private Capital Management LLC (3.84%), Renaissance Technologies LLC (3.33%), Victory Capital Management Inc. (2.90%), Clal Insurance Enterprises Holdings Ltd (2.65%), Meitav Dash Investments Ltd. (2.53%) and Driehaus Capital Management LLC (1.29%).

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 $21.73.

Perion Network (NASDAQ:PERI) has a market capitalization of $965.25 million and generates $478.50 million in revenue each year. The technology company earns $38.71 million in net income (profit) each year or $1.46 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.