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 analysts have issued 1 year price targets for Perion Network's shares. Their PERI share price forecasts range from $28.00 to $43.00. On average, they predict the company's share price to reach $33.25 in the next year. This suggests a possible upside of 52.6% 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 9.4% and is now trading at $21.79.
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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 earnings results on Tuesday, October, 26th. The technology company reported $0.28 EPS for the quarter, beating analysts' consensus estimates of $0.17 by $0.11. The technology company earned $121.03 million during the quarter, compared to analyst estimates of $107.90 million. Perion Network had a trailing twelve-month return on equity of 15.26% and a net margin of 11.49%. During the same period in the prior year, the company posted $0.08 earnings per share.

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 2022 earnings guidance on Wednesday, August, 10th. The company provided 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 many different institutional and retail investors. Top institutional investors include Victory Capital Management Inc. (2.90%), Clal Insurance Enterprises Holdings Ltd (2.65%), Meitav Dash Investments Ltd. (2.53%), Group One Trading L.P. (0.00%), Harel Insurance Investments & Financial Services Ltd. (1.11%) and Kennedy Capital Management Inc. (0.52%).

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 $21.79.

Perion Network (NASDAQ:PERI) has a market capitalization of $967.91 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.