Here are the top Institutional holders of Perion Network Ltd. (PERI) shares

Perion Network Ltd. (NASDAQ: PERI) is -23.52% lower on its value in year-to-date trading and has touched a low of $23.35 and a high of $42.75 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The PERI stock was last observed hovering at around $23.54 in the last trading session, with the day’s gains setting it 0.07%.

Currently trading at $23.61, the stock is -19.00% and -19.69% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.85 million and changing 0.30% at the moment leaves the stock -24.23% off its SMA200. PERI registered -29.61% loss for a year compared to 6-month loss of -32.91%. The firm has a 50-day simple moving average (SMA 50) of $0.84 and a 200-day simple moving average (SMA200) of $4.16.

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The stock witnessed a -18.53% gain in the last 1 month and extending the period to 3 months gives it a -17.19%, and is -19.58% 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 6.23% over the week and 3.58% over the month.

Perion Network Ltd. (PERI) has around 417 employees, a market worth around $1.11B and $743.16M in sales. Current P/E ratio is 10.07 and Fwd P/E is 6.71. Profit margin for the company is 15.80%. Distance from 52-week low is 1.11% and -44.77% from its 52-week high. The company has generated returns on investments over the last 12 months (16.27%).

Perion Network Ltd. quarterly earnings per share for the current quarter are estimated at $0.54 with sales reaching $175.53M over the same period.The EPS is expected to shrink by -4.75% this year, but quarterly earnings will post 16.80% year-over-year. Quarterly sales are estimated to grow 20.90% in year-over-year returns.

248 institutions hold shares in Perion Network Ltd. (PERI), with institutional investors hold 66.85% of the company’s shares. The shares outstanding are 47.04M, and float is at 46.84M with Short Float at 4.62%. Institutions hold 66.85% of the Float.

The top institutional shareholder in the company is Clal Insurance Enterprises Holdings Ltd with over 2.32 million shares valued at $71.2 million. The investor’s holdings represent 5.03% of the PERI Shares outstanding. As of Jun 29, 2023, the second largest holder is Harel Insurance Investments & Financial Services Ltd. with 2.03 million shares valued at $62.18 million to account for 4.39% of the shares outstanding. The other top investors are Migdal Insurance & Financial Holdings Ltd. which holds 1.96 million shares representing 4.24% and valued at over $60.08 million, while Acadian Asset Management. LLC holds 4.20% of the shares totaling 1.94 million with a market value of $59.41 million.

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

One of the company’s main competitors (and peers) include Alphabet Inc. Cl A (GOOGL) that is trading 54.29% up over the past 12 months.Cellcom Israel Ltd. (CELJF) lies in the list of competitors of the Perion Network Ltd. and is -0.95% lower over the same period from PERIMicrosoft Corp. (MSFT) is 57.40% up on the 1-year trading charts.