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NASDAQ:PERI

Perion Network (PERI) Stock Price, News & Analysis

Perion Network logo
$8.52 +0.14 (+1.67%)
(As of 11/18/2024 ET)

About Perion Network Stock (NASDAQ:PERI)

Key Stats

Today's Range
$8.37
$8.59
50-Day Range
$7.75
$9.07
52-Week Range
$7.47
$32.99
Volume
269,552 shs
Average Volume
375,334 shs
Market Capitalization
$403.08 million
P/E Ratio
9.16
Dividend Yield
N/A
Price Target
$12.13
Consensus Rating
Hold

Company Overview

Perion Network Ltd. is a leading Israel-based technology company specializing in digital advertising products and services. With a mission to empower businesses with practical and innovative advertising solutions, Perion helps clients optimize their digital marketing efforts and maximize revenue generation. This stock profile explores Perion's operations, financial performance, market position, growth opportunities, and potential risks and challenges.

Perion Network Ltd. is headquartered in Holon, Israel, with a global presence through offices in Tel Aviv, Paris, New York, London, Chicago, Boston, Kyiv, Barcelona, and Seattle. The company is dedicated to enabling businesses to reach and engage their target audiences through a comprehensive suite of digital advertising solutions.

Perion offers diverse products and services designed to enhance digital advertising campaigns. This includes programmatic advertising platforms, data-driven solutions, video advertising technologies, and monetization tools for publishers. Perion serves various industries, including e-commerce, media, gaming, and more, helping clients navigate the dynamic digital advertising landscape.

Perion Network Ltd. boasts a competent and experienced management team. The team is led by Chief Executive Officer Doron Gerstel and is committed to driving growth, innovation, and operational excellence. Gerstel, with his successful track record in leading technology companies, has been instrumental in implementing initiatives to improve efficiency and expand the company's digital advertising business.

Perion Network Ltd. has demonstrated a solid financial performance in recent years. The company has reported increased revenue and income. These figures reflect Perion's ability to generate substantial revenue and maintain healthy profit margins. The company exhibits efficient operational management with a net profit margin of over 15%. Additionally, Perion's return on equity is around 20%, indicating effective utilization of shareholder funds.

When assessing Perion Network Ltd'.s valuation metrics, the company appears to be attractively priced relative to industry peers. The price-to-sales ratio suggests a reasonable valuation based on revenue generation. These metrics, combined with a consensus rating of "Moderate Buy," reflect positive sentiment among investors.

Perion Network Ltd.'s stock performance has witnessed notable movements and fluctuations. Investors should closely monitor market conditions and key events impacting the stock's performance. 

Perion Network Ltd. operates in the computer and technology sector, specifically in digital advertising. This industry is characterized by rapid technological advancements, evolving consumer behavior, and intense competition. Perion competes with other players in the custom computer programming services sector, offering unique digital advertising solutions to gain a competitive edge.

Perion maintains a competitive advantage by leveraging its expertise in programmatic advertising, data-driven strategies, and video advertising technologies. The company's broad range of products and services positions it well to serve diverse customer needs, enabling it to differentiate itself within the industry.

Perion Network Ltd. has identified several growth opportunities in the digital advertising landscape. The company aims to expand its product offerings, develop data-driven advertising solutions and explore new markets and strategic partnerships. Perion's acquisition strategy has played a crucial role in fueling growth, enabling the integration of complementary technologies, and expanding its customer base.

While Perion Network Ltd. has displayed strong performance and strategic positioning, the company faces inherent risks and challenges. It is essential to assess these factors to make informed investment decisions.

The digital advertising industry is highly influenced by changing consumer preferences, behaviors, and expectations. Perion must stay abreast of emerging trends and adapt its products and services accordingly to remain relevant in a rapidly evolving landscape.

The digital advertising industry is subject to regulatory scrutiny concerning data privacy and user consent. Adhering to evolving regulations and maintaining compliance with data protection laws is crucial for Perion to avoid legal issues and protect its reputation.

The digital advertising market is fiercely competitive, with numerous players vying for market share. Perion faces competition from both established companies and emerging startups. To sustain growth, Perion must continually innovate, differentiate its offerings and effectively market its solutions to stand out in a crowded marketplace.

Technology is a fundamental driver of the digital advertising industry. Perion must stay ahead of technological advancements and invest in research and development to offer cutting-edge solutions. Failure to adapt to technological disruptions could render Perion's products and services obsolete.

Economic fluctuations can impact advertising budgets and spending, affecting Perion's revenue streams. During economic downturns, businesses may reduce advertising expenditures, posing a risk to Perion's financial performance. Mitigating this risk requires diversifying the client base across industries and geographies.

The digital advertising industry is highly competitive for talent, particularly in technical roles. Perion must attract and retain skilled professionals with expertise in areas such as data analytics, programmatic advertising, and artificial intelligence to maintain its competitive advantage.

Perion keeps a close eye on market trends, consumer behavior, and regulatory changes to proactively adjust its offerings and strategies accordingly. This allows the company to adapt swiftly to changing industry dynamics.

Perion seeks to diversify its customer base across industries and geographies to mitigate the impact of economic fluctuations. The company reduces its dependency on any single sector or market by serving a broad range of clients.

Perion prioritizes research and development efforts to stay at the forefront of technological advancements. By investing in cutting-edge technologies and embracing industry best practices, Perion aims to maintain its competitive edge.

Perion strategically collaborates with industry partners and pursues acquisitions that align with its growth objectives. These partnerships and acquisitions provide access to new markets, technologies, and customer segments, expanding Perion's competitive advantage.

Perion Network Stock Analysis - MarketRank™

See Top Rated MarketRank™ Stocks
85th Percentile Overall Score

PERI MarketRank™: 

Perion Network scored higher than 85% of companies evaluated by MarketBeat, and ranked 185th out of 660 stocks in the computer and technology sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

  • Consensus Rating

    Perion Network has received a consensus rating of Hold. The company's average rating score is 2.17, and is based on 1 buy rating, 5 hold ratings, and no sell ratings.

  • Amount of Analyst Coverage

    Perion Network has only been the subject of 2 research reports in the past 90 days.

  • Read more about Perion Network's stock forecast and price target.
  • Earnings Growth

    Earnings for Perion Network are expected to decrease by -25.27% in the coming year, from $0.91 to $0.68 per share.

  • Price to Earnings Ratio vs. the Market

    The P/E ratio of Perion Network is 9.16, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 126.67.

  • Price to Earnings Ratio vs. Sector

    The P/E ratio of Perion Network is 9.16, which means that it is trading at a less expensive P/E ratio than the Computer and Technology sector average P/E ratio of about 228.80.

  • Price to Earnings Growth Ratio

    Perion Network has a PEG Ratio of 0.42. PEG Ratios below 1 indicate that a company could be undervalued.

  • Price to Book Value per Share Ratio

    Perion Network has a P/B Ratio of 0.57. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

  • Read more about Perion Network's valuation and earnings.
  • Percentage of Shares Shorted

    1.55% of the outstanding shares of Perion Network have been sold short.
  • Short Interest Ratio / Days to Cover

    Perion Network has a short interest ratio ("days to cover") of 2.3, which is generally considered an acceptable ratio of short interest to trading volume.
  • Change versus previous month

    Short interest in Perion Network has recently decreased by 32.21%, indicating that investor sentiment is improving significantly.
  • Dividend Yield

    Perion Network does not currently pay a dividend.

  • Dividend Growth

    Perion Network does not have a long track record of dividend growth.

  • Percentage of Shares Shorted

    1.55% of the outstanding shares of Perion Network have been sold short.
  • Short Interest Ratio / Days to Cover

    Perion Network has a short interest ratio ("days to cover") of 2.3, which is generally considered an acceptable ratio of short interest to trading volume.
  • Change versus previous month

    Short interest in Perion Network has recently decreased by 32.21%, indicating that investor sentiment is improving significantly.
  • News Sentiment

    Perion Network has a news sentiment score of 0.72. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.57 average news sentiment score of Computer and Technology companies.
  • News Coverage This Week

    MarketBeat has tracked 7 news articles for Perion Network this week, compared to 6 articles on an average week.
  • Search Interest

    3 people have searched for PERI on MarketBeat in the last 30 days. This is an increase of 50% compared to the previous 30 days.
  • MarketBeat Follows

    Only 2 people have added Perion Network to their MarketBeat watchlist in the last 30 days. This is a decrease of 0% compared to the previous 30 days.
  • Insider Buying vs. Insider Selling

    In the past three months, Perion Network insiders have not sold or bought any company stock.

  • Percentage Held by Insiders

    Only 2.78% of the stock of Perion Network is held by insiders.

  • Percentage Held by Institutions

    68.12% of the stock of Perion Network is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

  • Read more about Perion Network's insider trading history.
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PERI Stock News Headlines

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Perion Network management to meet virtually with Lake Street
Perion Network Faces Revenue and Income Decline
See More Headlines

PERI Stock Analysis - Frequently Asked Questions

Perion Network's stock was trading at $30.87 on January 1st, 2024. Since then, PERI shares have decreased by 72.4% and is now trading at $8.52.
View the best growth stocks for 2024 here
.

Perion Network Ltd. (NASDAQ:PERI) announced its quarterly earnings results on Wednesday, February, 7th. The technology company reported $1.04 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.93 by $0.11. The company's revenue for the quarter was up 11.7% compared to the same quarter last year.

Perion Network's stock 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 stock prior to the reverse split would have 33 shares after the split.

Top institutional investors of Perion Network include Meitav Investment House Ltd. (1.79%), Invenomic Capital Management LP (0.72%), Clearline Capital LP (0.60%) and ARK Investment Management LLC (0.50%).

Shares of PERI stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

Based on aggregate information from My MarketBeat watchlists, some other companies that Perion Network investors own include NVIDIA (NVDA), Broadcom (AVGO), Meta Platforms (META), Arista Networks (ANET), ServiceNow (NOW), Novo Nordisk A/S (NVO) and Super Micro Computer (SMCI).

Company Calendar

Last Earnings
2/07/2024
Today
11/18/2024
Fiscal Year End
12/31/2024
Next Earnings (Estimated)
2/05/2025

Industry, Sector and Symbol

Industry
Custom computer programming services
Sub-Industry
N/A
Current Symbol
NASDAQ:PERI
Previous Symbol
NASDAQ:MAIL
Employees
420
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$12.13
High Stock Price Target
$18.00
Low Stock Price Target
$7.50
Potential Upside/Downside
+42.3%
Consensus Rating
Hold
Rating Score (0-4)
2.17
Research Coverage
6 Analysts

Profitability

Net Income
$117.41 million
Pretax Margin
9.21%

Debt

Sales & Book Value

Annual Sales
$602.94 million
Cash Flow
$3.49 per share
Book Value
$15.26 per share

Miscellaneous

Free Float
45,992,000
Market Cap
$403.06 million
Optionable
Optionable
Beta
1.47
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This page (NASDAQ:PERI) was last updated on 11/19/2024 by MarketBeat.com Staff
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