Perion Network Ltd. (PERI) Volatility At 7.69%, Should You Add A Position?

64 institutions hold shares in Perion Network Ltd. (PERI), with 5.25M shares held by insiders accounting for 19.48% while institutional investors hold 47.95% of the company’s shares. The shares outstanding are 26.95M, and float is at 20.07M with Short Float at 1.89%. Institutions hold 38.61% of the Float.


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The top institutional shareholder in the company is Private Capital Management, Inc. with over 2.26 million shares valued at $28.8 million. The investor’s holdings represent 8.39% of the PERI Shares outstanding. As of Dec 30, 2020, the second largest holder is Renaissance Technologies, LLC with 2.01 million shares valued at $25.53 million to account for 7.44% of the shares outstanding. The other top investors are Phoenix Holdings Ltd. which holds 0.43 million shares representing 1.60% and valued at over $5.49 million, while EAM Global Investors LLC holds 1.28% of the shares totaling 0.35 million with a market value of $4.4 million.

Perion Network Ltd. (NASDAQ: PERI) is 70.46% higher on its value in year-to-date trading and has touched a low of $3.43 and a high of $26.07 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The PERI stock was last observed hovering at around $22.63 in the last trading session, with the day’s loss setting it -0.93% off its average median price target of $30.00 for the next 12 months. It is also 30.0% off the consensus price target high of $31.00 offered by 4 analysts, but current levels are 22.5% higher than the price target low of $28.00 for the same period.

Currently trading at $21.70, the stock is 15.36% and 41.62% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.65 million and changing -4.11% at the moment leaves the stock 153.93% off its SMA200. PERI registered 158.64% gain for a year compared to 6-month gain of 264.71%. The firm has a 50-day simple moving average (SMA 50) of $16.78 and a 200-day simple moving average (SMA200) of $10.01.

The stock witnessed a 63.65% loss in the last 1 month and extending the period to 3 months gives it a 187.04%, and is -5.45% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 7.69% over the week and 10.40% over the month.

Perion Network Ltd. (PERI) has around 149 employees, a market worth around $684.85M and $328.10M in sales. Current P/E ratio is 64.01 and Fwd P/E is 41.25. Profit margin for the company is 3.10%. Distance from 52-week low is 532.65% and -16.76% from its 52-week high. The company has generated returns on investments over the last 12 months (6.70%).

Perion Network Ltd. (PERI) Analyst Forecasts

Analyst recommendations provided by FactSet shows that the consensus forecast for Perion Network Ltd. (PERI) is a “Buy”. 4 analysts offering their recommendations for the stock have an average rating of 1.70, where 0 rate it as a Hold and 0 think it is a “Overweight”. 4 of the analysts rate the stock as a “Buy”. 0 analysts have rated the stock as a Sell or Underperform.

Perion Network Ltd. is expected to release its quarterly report on 05/12/2021 and quarterly earnings per share for the current quarter are estimated at $0 with sales reaching $76.67M over the same period.The EPS is expected to shrink by -27.40% this year, but quarterly earnings will post 10.20% year-over-year. Quarterly sales are estimated to grow 16.10% in year-over-year returns.

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Perion Network Ltd. (PERI): Who are the competitors?

The company’s main competitors (and peers) include Alphabet Inc. (GOOGL) that is trading 38.48% up over the past 12 months. Microsoft Corporation (MSFT) is 31.31% up on the 1-year trading charts. Short interest in the company’s stock has risen 28.08% from the last report on Dec 30, 2020 to stand at a total of 0.27 million short shares sold with a short interest ratio of 0.26.

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