Perion Network Ltd [PERI] stock is trading at $9.03, down -0.22%. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The PERI shares have gain 10.80% over the last week, with a monthly amount glided 16.07%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Perion Network Ltd [NASDAQ: PERI] stock has seen the most recent analyst activity on July 31, 2024, when Lake Street upgraded its rating to a Buy but kept the price target unchanged to $10 for it. Previously, Oppenheimer downgraded its rating to Perform on June 10, 2024. On June 10, 2024, downgrade downgraded it’s rating to Hold. ROTH MKM downgraded its rating to a Neutral and decreased its price target to $13 on April 09, 2024. Lake Street downgraded its rating to a Hold but $16 remained the price target by the analyst firm on April 08, 2024. Raymond James downgraded its rating to Mkt Perform for this stock on September 12, 2023. In a note dated April 24, 2023, Stifel downgraded an Hold rating on this stock but restated the target price of $36.
Perion Network Ltd [PERI] stock has fluctuated between $7.47 and $32.99 over the past year. Currently, Wall Street analysts expect the stock to reach $22.5 within the next 12 months. Perion Network Ltd [NASDAQ: PERI] shares were valued at $9.03 at the most recent close of the market. An investor can expect a potential return of 149.17% based on the average PERI price forecast.
Analyzing the PERI fundamentals
Perion Network Ltd [NASDAQ:PERI] reported sales of 602.94M for the trailing twelve months, which represents a drop of -44.85%. Gross Profit Margin for this corporation currently stands at 0.32% with Operating Profit Margin at 0.11%, Pretax Profit Margin comes in at 0.13%, and Net Profit Margin reading is 0.11%. To continue investigating profitability, this company’s Return on Assets is posted at 0.08, Equity is 0.11 and Total Capital is 0.1. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.03.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 8.77 points at the first support level, and at 8.51 for the second support level. However, for the 1st resistance point, the stock is sitting at 9.29, and for the 2nd resistance point, it is at 9.54.
Ratios To Look Out For
For context, Perion Network Ltd’s Current Ratio is 3.88. Further, the Quick Ratio stands at 3.88, while the Cash Ratio is 0.83. Considering the valuation of this stock, the price to sales ratio is 0.71, the price to book ratio is 0.59 and price to earnings (TTM) ratio is 9.68.
Transactions by insiders
Recent insider trading involved Aks Daniel Ethan, Officer, that happened on Nov 01 ’24 when 694.0 shares were purchased. Officer, Aks Daniel Ethan completed a deal on Aug 02 ’24 to buy 3258.0 shares. Meanwhile, Officer Aks Daniel Ethan bought 8640.0 shares on Aug 01 ’24.
