Perion Network Ltd (NASDAQ: PERI) is 4.72% higher on its value in year-to-date trading and has touched a low of $7.47 and a high of $31.38 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 $8.90 in the last trading session, with the day’s loss setting it -0.03%.
Currently trading at $8.87, the stock is 3.23% and 2.05% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.23 million and changing -0.34% at the moment leaves the stock -6.22% off its SMA200. PERI registered -68.57% loss for a year compared to 6-month gain of 6.48%. The firm has a 50-day simple moving average (SMA 50) of $8.692 and a 200-day simple moving average (SMA200) of $9.45795.
The stock witnessed a 3.38% loss in the last 1 month and extending the period to 3 months gives it a 11.57%, and is 3.14% 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 2.19% over the week and 3.17% over the month.
Perion Network Ltd (PERI) has around 561 employees, a market worth around $419.61M and $602.94M in sales. Current P/E ratio is 9.51 and Fwd P/E is 9.97. Profit margin for the company is 7.81%. Distance from 52-week low is 18.74% and -71.73% from its 52-week high. The company has generated returns on investments over the last 12 months (6.36%).
with sales reaching $130.44M over the same period.The EPS is expected to shrink by -68.11% this year, but quarterly earnings will post -32.83% year-over-year. Quarterly sales are estimated to shrink -44.31% in year-over-year returns.
Perion Network Ltd (PERI) Top Institutional Holders
160.0 institutions hold shares in Perion Network Ltd (PERI), with institutional investors hold 55.41% of the company’s shares. The shares outstanding are 47.31M, and float is at 47.14M with Short Float at 1.16%. Institutions hold 55.41% 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
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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).
