Perion Network - PERI Stock Forecast, Price & News

3 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Perion Network in the last twelve months. There are currently 3 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" PERI shares.
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3 equities research analysts have issued 12 month price targets for Perion Network's shares. Their PERI share price forecasts range from $37.00 to $42.00. On average, they predict the company's stock price to reach $39.33 in the next year. This suggests a possible upside of 1.5% from the stock's current price.
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Perion Network's stock was trading at $25.30 at the start of the year. Since then, PERI shares have increased by 53.2% and is now trading at $38.77.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, April 27th 2023.
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Perion Network Ltd. (NASDAQ:PERI) announced its earnings results on Tuesday, October, 26th. The technology company reported $0.28 earnings per share for the quarter, beating analysts' consensus estimates of $0.17 by $0.11. The technology company had revenue of $121.03 million for the quarter, compared to analysts' expectations of $107.90 million. Perion Network had a trailing twelve-month return on equity of 20.08% and a net margin of 15.50%. During the same quarter in the prior year, the company earned $0.08 earnings per share.

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), Invesco Dynamic Software ETF (PSJ), ARK Israel Innovative Technology ETF (IZRL), BlueStar Israel Technology ETF (ITEQ), SPDR FactSet Innovative Technology ETF (XITK), Inspire Fidelis Multi Factor ETF (FDLS) and AdvisorShares Alpha DNA Equity Sentiment ETF (SENT).

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

Perion Network issued an update on its FY 2023 earnings guidance on Wednesday, February, 8th. The company provided EPS guidance of for the period. The company issued revenue guidance of $720.00 million-$740.00 million, compared to the consensus revenue estimate of $730.03 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 retail and institutional investors. Top institutional investors include Phoenix Holdings Ltd. (5.18%), Migdal Insurance & Financial Holdings Ltd. (4.32%), Meitav Dash Investments Ltd. (4.17%), Renaissance Technologies LLC (2.98%), Harel Insurance Investments & Financial Services Ltd. (2.97%) and Victory Capital Management Inc. (2.88%).

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 $38.77.

Perion Network (NASDAQ:PERI) has a market capitalization of $1.79 billion and generates $640.26 million in revenue each year. The technology company earns $99.22 million in net income (profit) each year or $2.06 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.