Perion Network Stock Forecast, Price & News

6 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Perion Network in the last year. There are currently 1 hold rating and 5 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 increase in short interest during the month of April. As of April 15th, there was short interest totaling 371,200 shares, an increase of 50.3% from the March 31st total of 247,000 shares. Based on an average daily volume of 1,400,000 shares, the days-to-cover ratio is presently 0.3 days.
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Perion Network is scheduled to release its next quarterly earnings announcement on Wednesday, August 4th 2021.
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Perion Network Ltd. (NASDAQ:PERI) posted its quarterly earnings results on Tuesday, May, 4th. The technology company reported $0.09 earnings per share for the quarter, beating the consensus estimate of $0.03 by $0.06. Perion Network had a trailing twelve-month return on equity of 6.21% and a net margin of 2.47%.
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Perion Network's stock was trading at $6.20 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization. Since then, PERI shares have increased by 139.8% and is now trading at $14.87.
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Perion Network shares 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 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 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 brokerages have issued twelve-month price targets for Perion Network's stock. 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 43.5% 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), Computer Programs and Systems (CPSI), Luokung Technology (LKCO), AGM Group (AGMH), Bright Mountain Media (BMTM), Computer Task Group (CTG), Synchronoss Technologies (SNCR), Innovative Solutions and Support (ISSC), Inpixon (INPX), RealNetworks (RNWK), RumbleON (RMBL), MIND C.T.I. (MNDO), Recruiter.com Group (RCRT) and AppYea (APYP).
View all of PERI's competitors.

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 investors include Renaissance Technologies LLC (6.01%), Federated Hermes Inc. (2.62%), ARK Investment Management LLC (1.33%), UBS Group AG (1.28%), Monarch Partners Asset Management LLC (0.86%) and JPMorgan Chase & Co. (0.82%).

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 Ritholtz Wealth Management.

PERI stock was bought by a variety of institutional investors in the last quarter, including Federated Hermes Inc., UBS Group AG, JPMorgan Chase & Co., Monarch Partners Asset Management LLC, ARK Investment Management LLC, Brant Point Investment Management LLC, Clal Insurance Enterprises Holdings Ltd, and Russell Investments Group 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 $14.87.

Perion Network has a market capitalization of $503.38 million and generates $261.45 million in revenue each year. The technology company earns $12.89 million in net income (profit) each year or $0.49 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]