Perion Network Ltd (NASDAQ: PERI) is -72.66% lower on its value in year-to-date trading and has touched a low of $7.47 and a high of $32.99 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 $8.45 in the last trading session, with the day’s loss setting it -0.01%.
Currently trading at $8.44, the stock is -1.73% and 2.62% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.18 million and changing -0.12% at the moment leaves the stock -28.15% off its SMA200. PERI registered -70.77% loss for a year compared to 6-month loss of -31.60%. The firm has a 50-day simple moving average (SMA 50) of $8.218 and a 200-day simple moving average (SMA200) of $11.8161.
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The stock witnessed a 1.93% gain in the last 1 month and extending the period to 3 months gives it a -0.47%, and is 0.24% up 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 2.36% over the week and 3.48% over the month.
Perion Network Ltd (PERI) has around 561 employees, a market worth around $399.27M and $602.94M in sales. Current P/E ratio is 9.05 and Fwd P/E is 8.96. Profit margin for the company is 7.81%. Distance from 52-week low is 12.99% and -74.42% from its 52-week high. The company has generated returns on investments over the last 12 months (6.36%).
The EPS is expected to shrink by -66.92% this year
169.0 institutions hold shares in Perion Network Ltd (PERI), with institutional investors hold 55.74% of the company’s shares. The shares outstanding are 47.99M, and float is at 47.14M with Short Float at 1.70%. Institutions hold 55.74% of the Float.
The top institutional shareholder in the company is HAREL INSURANCE INVESTMENTS & FINANCIAL SERVICES LTD. with over 3.51 million shares valued at $29.32 million. The investor’s holdings represent 7.2755 of the PERI Shares outstanding. As of 2024-06-30, the second largest holder is PHOENIX HOLDINGS LTD. with 2.17 million shares valued at $18.13 million to account for 4.4986 of the shares outstanding. The other top investors are PRIVATE CAPITAL MANAGEMENT, LLC which holds 1.8 million shares representing 3.725 and valued at over $15.01 million, while ACADIAN ASSET MANAGEMENT LLC holds 3.5698 of the shares totaling 1.72 million with a market value of $14.37 million.
Perion Network Ltd (PERI) Insider Activity
Still, SEC filings show that on Aug 01 ’24, Aks Daniel Ethan (Officer) Proposed Sale 8,640 shares at an average price of $8.77 for $75773.0. The insider now directly holds shares of Perion Network Ltd (PERI).
