Perion Network Stock Forecast, Price & News

4 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Perion Network in the last year. There are currently 4 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" Perion Network stock.
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Perion Network saw a increase in short interest in February. As of February 12th, there was short interest totaling 826,300 shares, an increase of 117.4% from the January 28th total of 380,100 shares. Based on an average trading volume of 1,420,000 shares, the short-interest ratio is presently 0.6 days.
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Perion Network is scheduled to release its next quarterly earnings announcement on Wednesday, May 5th 2021.
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Perion Network Ltd. (NASDAQ:PERI) issued its quarterly earnings results on Wednesday, October, 28th. The technology company reported $0.08 earnings per share for the quarter, beating analysts' consensus estimates of $0.06 by $0.02. The technology company earned $83.41 million during the quarter, compared to the consensus estimate of $78.99 million. 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 COVID-19 reached pandemic status according to the World Health Organization (WHO). Since then, PERI shares have increased by 220.2% and is now trading at $19.85.
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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 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 Pre-Market earnings guidance on Tuesday, February, 9th. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $350-370 million, compared to the consensus revenue estimate of $353.3 million.

4 Wall Street analysts have issued twelve-month target prices for Perion Network's shares. Their forecasts range from $10.00 to $30.00. On average, they anticipate Perion Network's stock price to reach $21.00 in the next year. This suggests a possible upside of 5.8% 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), Perficient (PRFT), Virtusa (VRTU), Formula Systems (1985) (FORTY), Computer Programs and Systems (CPSI), Luokung Technology (LKCO), AGM Group (AGMH), Bright Mountain Media (BMTM), Synchronoss Technologies (SNCR), RealNetworks (RNWK), Computer Task Group (CTG), Innovative Solutions and Support (ISSC), Inpixon (INPX), RumbleON (RMBL) and MIND C.T.I. (MNDO).
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 many different institutional and retail investors. Top institutional investors include Renaissance Technologies LLC (7.44%), Phoenix Holdings Ltd. (1.60%), Captrust Financial Advisors (0.38%), New York State Common Retirement Fund (0.30%), First Midwest Bank Trust Division (0.28%) and Jane Street Group LLC (0.27%).

PERI stock was sold by a variety of institutional investors in the last quarter, including Phoenix Holdings Ltd., Essex Investment Management Co. LLC, First Midwest Bank Trust Division, Mackenzie Financial Corp, Jane Street Group LLC, ETF Managers Group LLC, Yorktown Management & Research Co Inc, and Barclays PLC.

PERI stock was acquired by a variety of institutional investors in the last quarter, including Renaissance Technologies LLC, New York State Common Retirement Fund, Monarch Partners Asset Management LLC, Walleye Capital LLC, Trexquant Investment LP, Sawtooth Solutions LLC, Captrust Financial Advisors, and Walleye Trading LLC.

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 $19.85.

Perion Network has a market capitalization of $535.28 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 399 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]