Perion Network Ltd (NASDAQ:PERI) Short Interest Up 20.7% in February

Perion Network Ltd (NASDAQ:PERI) was the target of a significant increase in short interest during the month of February. As of February 13th, there was short interest totaling 587,157 shares, an increase of 20.7% from the January 29th total of 486,429 shares. Approximately 1.5% of the company’s stock are sold short. Based on an average daily trading volume, of 370,189 shares, the days-to-cover ratio is currently 1.6 days. Based on an average daily trading volume, of 370,189 shares, the days-to-cover ratio is currently 1.6 days. Approximately 1.5% of the company’s stock are sold short.

Hedge Funds Weigh In On Perion Network

Several large investors have recently made changes to their positions in the company. Fox Run Management L.L.C. acquired a new stake in Perion Network during the second quarter valued at $399,000. Magnetar Financial LLC purchased a new stake in shares of Perion Network during the 2nd quarter worth about $144,000. Worth Venture Partners LLC acquired a new stake in shares of Perion Network during the 2nd quarter valued at about $178,000. Boothbay Fund Management LLC acquired a new stake in shares of Perion Network during the 3rd quarter valued at about $188,000. Finally, Centiva Capital LP purchased a new position in shares of Perion Network in the 3rd quarter valued at about $115,000. 68.12% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

PERI has been the subject of several recent analyst reports. Roth Mkm reiterated a “buy” rating and set a $14.50 price objective (up from $14.00) on shares of Perion Network in a research note on Thursday, November 13th. Lake Street Capital set a $14.00 price target on Perion Network in a research report on Thursday, February 19th. Weiss Ratings reiterated a “sell (d+)” rating on shares of Perion Network in a report on Thursday, January 22nd. Finally, Wall Street Zen cut Perion Network from a “buy” rating to a “hold” rating in a research report on Saturday, February 14th. Three equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $14.17.

Perion Network Trading Down 0.6%

NASDAQ PERI opened at $8.69 on Wednesday. Perion Network has a 12-month low of $6.99 and a 12-month high of $11.79. The company has a fifty day simple moving average of $9.06 and a two-hundred day simple moving average of $9.40. The stock has a market cap of $356.38 million, a P/E ratio of -48.28, a P/E/G ratio of 0.79 and a beta of 1.45.

Perion Network (NASDAQ:PERI) last released its earnings results on Wednesday, February 18th. The technology company reported $0.49 EPS for the quarter, hitting analysts’ consensus estimates of $0.49. The firm had revenue of $137.14 million during the quarter, compared to the consensus estimate of $136.53 million. Perion Network had a positive return on equity of 3.38% and a negative net margin of 1.80%. As a group, sell-side analysts forecast that Perion Network will post 0.51 earnings per share for the current year.

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.