In yesterday’s Wall Street session, Perion Network Ltd. (NASDAQ:PERI) shares traded at $28.81, up 3.97% from the previous session.
PERI stock price is now 14.61% away from the 50-day moving average and 31.84% away from the 200-day moving average. The market capitalization of the company currently stands at $1.24B.
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On December 13, 2021, Raymond James recently initiated its ‘Outperform’ rating on the stock quoting a target price of $31, while ‘Stifel’ rates the stock as ‘Hold’.
A total of 36.50% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in PERI stock. A new stake in Perion Network Ltd. shares was purchased by SPHERA FUNDS MANAGEMENT LTD. during the first quarter worth $11,673,000. CONGRESS ASSET MANAGEMENT CO /MA invested $2,824,000 in shares of PERI during the first quarter. In the first quarter, NOKED CAPITAL LTD acquired a new stake in Perion Network Ltd. valued at approximately $1,982,000. NOKED ISRAEL LTD acquired a new stake in PERI for approximately $1,982,000. CONGRESS WEALTH MANAGEMENT LLC / DE / purchased a new stake in PERI valued at around $1,548,000 in the second quarter. In total, there are 152 active investors with 45.30% ownership of the company’s stock.
On Friday morning Perion Network Ltd. (NASDAQ: PERI) stock kicked off with the opening price of $28.17. During the past 12 months, Perion Network Ltd. has had a low of $16.41 and a high of $28.25. As of last week, the company has a debt-to-equity ratio of 0.00, a current ratio of 2.80, and a quick ratio of 2.80. The fifty day moving average price for PERI is $25.24 and a two-hundred day moving average price translates $21.89 for the stock.
The latest earnings results from Perion Network Ltd. (NASDAQ: PERI) was released for Jun, 2022. According to the Internet Content & Information Company, earnings per share came in at $0.41, beating analysts’ expectations of $0.32 by 0.09. This compares to $0.28 EPS in the same period last year. The net profit margin was 13.30% and return on equity was 15.70% for PERI. The company reported revenue of $158.62 million for the quarter, compared to $121.03 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 31.06 percent. For the current quarter, analysts expect PERI to generate $158M in revenue.
Perion Network Ltd.(PERI) Company Profile
Perion Network Ltd. provides digital advertising solutions to brands, agencies, and publishers in North America, Europe, and internationally. It provides Wildfire, a content monetization platform; search monetization solutions, including website monetization, search mediation, and app monetization; and cross-channel digital advertising software as a service platform. The company also offers supply management platform; demand management platform for campaign planning and design; analytics platform, which provides information and performance insights on the results of campaign investment and other campaign metrics; creative platform to create advertisements; and an AI platform that uses machine learning to bring intelligence to the various phases of campaigns. In addition, it provides an actionable performance monitoring platform to support the various phases of campaign management; an online video player and integrated ad server to upload, manage, and stream video content; content monetization system, which integrates ads within the content layouts at the page level. Further, the company offers a publisher management system that provides analytics and performance optimization tools, as well as reports; search-demand management systems; monetization products that integrate and onboards demand vendors; and AI Systems. Additionally, it provides Intelligent HUB (iHUB), a platform for pulling in signals across various advertising channels and optimizing traffic at scale, and yielding engagement metrics and KPIs; and strategic optimization of relevant traits (SORT), a provisional patent technology that eliminates the need for cookies. The company was formerly known as IncrediMail Ltd. and changed its name to Perion Network Ltd. in November 2011. Perion Network Ltd. was incorporated in 1999 and is headquartered in Holon, Israel.
