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

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

Analyst Ratings Changes

A number of analysts have recently issued reports on PERI shares. Wall Street Zen lowered shares of Perion Network from a “buy” rating to a “hold” rating in a research note on Saturday, February 14th. Roth Mkm reaffirmed a “buy” rating and issued a $14.50 price target (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 objective on shares of Perion Network in a research report on Thursday, February 19th. Finally, Weiss Ratings restated a “sell (d+)” rating on shares of Perion Network in a research note on Thursday, January 22nd. Three research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $14.17.

Perion Network Price Performance

PERI stock opened at $8.69 on Wednesday. Perion Network has a 1-year low of $6.99 and a 1-year high of $11.79. The business has a 50-day moving average price of $9.06 and a 200 day moving average price of $9.40. The company has a market capitalization of $356.38 million, a P/E ratio of -48.28, a PEG ratio of 0.79 and a beta of 1.45.

Perion Network (NASDAQ:PERI) last issued its earnings results on Wednesday, February 18th. The technology company reported $0.49 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.49. Perion Network had a negative net margin of 1.80% and a positive return on equity of 3.38%. The company had revenue of $137.14 million for the quarter, compared to analysts’ expectations of $136.53 million. On average, analysts anticipate that Perion Network will post 0.51 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Perion Network

A number of large investors have recently bought and sold shares of the business. Osaic Holdings Inc. boosted its position in Perion Network by 209.9% during the 2nd 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 bought a new position in shares of Perion Network in the 3rd quarter worth $77,000. Tripletail Wealth Management LLC purchased a new stake in shares of Perion Network during the 3rd quarter worth $95,000. Virtu Financial LLC bought a new stake in Perion Network during the third quarter valued at about $100,000. Finally, Vanguard Personalized Indexing Management LLC bought a new stake in Perion Network during the third quarter valued at about $107,000. Institutional investors own 68.12% of the company’s stock.

Perion Network Company Profile

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.