Perion Network Ltd (NASDAQ: PERI) is 12.63% higher on its value in year-to-date trading and has touched a low of $6.99 and a high of $11.79 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 $9.67 in the last trading session, with the day’s loss setting it -0.13%.
Currently trading at $9.54, the stock is -7.53% and -1.36% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.19 million and changing -1.34% at the moment leaves the stock 8.67% off its SMA200. PERI registered 10.80% gain for a year compared to 6-month gain of 11.58%.
The stock witnessed a -12.80% loss in the last 1 month and extending the period to 3 months gives it a 15.22%, and is -3.73% 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 2.30% over the week and 1.93% over the month.
Perion Network Ltd (PERI) has around 528 employees, a market worth around $429.66M and $429.81M in sales. Fwd P/E is 8.10. Profit margin for the company is -1.74%. Distance from 52-week low is 36.38% and -19.06% from its 52-week high. The company has generated returns on investments over the last 12 months (-1.02%).
with sales reaching $100.03M over the same period.The EPS is expected to shrink by -20.67% this year, but quarterly earnings will post -11.94% year-over-year. Quarterly sales are estimated to shrink -7.97% in year-over-year returns.
The shares outstanding are 45.04M, and float is at 42.09M with Short Float at 1.67%.
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 7.2043 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 4.4546 of the shares outstanding. The other top investors are PRIVATE CAPITAL MANAGEMENT, LLC which holds 1.8 million shares representing 3.6886 and valued at over $15.01 million, while ACADIAN ASSET MANAGEMENT LLC holds 3.5349 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 Apr 01 ’25, Aks Daniel Ethan (Officer) Proposed Sale 4,202 shares at an average price of $8.14 for $34204.0. The insider now directly holds shares of Perion Network Ltd (PERI).
