Perion Network (NASDAQ:PERI) Cut to “Hold” at Wall Street Zen

Wall Street Zen cut shares of Perion Network (NASDAQ:PERI) from a buy rating to a hold rating in a research note issued to investors on Saturday.

A number of other analysts have also issued reports on the stock. Lake Street Capital boosted their price target on shares of Perion Network from $14.00 to $15.00 and gave the stock a “buy” rating in a research note on Thursday, November 13th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Perion Network in a research note on Thursday, January 22nd. Finally, Roth Mkm reissued a “buy” rating and issued a $14.50 price target (up previously from $14.00) on shares of Perion Network in a research report on Thursday, November 13th. Three research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $14.50.

Perion Network Stock Up 1.9%

PERI opened at $8.54 on Friday. Perion Network has a 52 week low of $6.99 and a 52 week high of $11.79. The business has a fifty day simple moving average of $9.34 and a 200-day simple moving average of $9.49. The firm has a market cap of $350.23 million, a P/E ratio of -32.85, a P/E/G ratio of 0.67 and a beta of 1.50.

Institutional Investors Weigh In On Perion Network

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Osaic Holdings Inc. boosted its stake in Perion Network by 209.9% in the second quarter. Osaic Holdings Inc. now owns 2,721 shares of the technology company’s stock valued at $28,000 after acquiring an additional 1,843 shares in the last quarter. Advisory Services Network LLC purchased a new stake in shares of Perion Network in the 3rd quarter valued at about $77,000. Tripletail Wealth Management LLC acquired a new stake in shares of Perion Network in the 3rd quarter valued at about $95,000. Virtu Financial LLC purchased a new position in Perion Network during the 3rd quarter worth approximately $100,000. Finally, Vanguard Personalized Indexing Management LLC purchased a new position in Perion Network during the 3rd quarter worth approximately $107,000. 68.12% of the stock is currently owned by institutional investors and hedge funds.

About Perion Network

Perion Network Ltd. (NASDAQ: PERI) is a digital advertising technology company that offers a suite of solutions designed for both brand marketers and performance-driven advertisers. The firm’s platform integrates search monetization, programmatic display, video and connected TV (CTV) advertising to help clients reach and engage audiences across desktop, mobile and television environments. Through proprietary algorithms and AI-driven tools, Perion’s technology optimizes ad placements in real time, aiming to boost campaign efficiency and return on investment for publishers and advertisers alike.

Key offerings include search engine marketing services that cover major platforms such as Google and Bing, native and display advertising solutions under its Undertone brand, as well as social and video ad formats.