Perion Network (PERI)

• Market cap: $379M

About: Perion Network Ltd is a technology company. It offers online advertising and search solutions to brands, agencies, and publishers through desktop, mobile, and social channels. It connects advertisers to consumers across digital advertising channels, including search advertising, social, display, video, digital audio, digital out of home (DOOH), and Connected TV (CTV) advertising. The company earns prime revenue from search advertising and display advertising services. It operates in the business segment of High Impact Advertising solutions. Geographically, the company generates a majority of its revenue from the United States and the rest from other regions.

Employees: 561

Fund manager confidence

Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)

33% more call options, than puts

Call options by funds: $11.3M | Put options by funds: $8.46M

31% more repeat investments, than reductions

Existing positions increased: 47 | Existing positions reduced: 36

4.17% less ownership

Funds ownership: 58.44% [Q1] → 54.26% (-4.17%) [Q2]

13% less funds holding

Funds holding: 155 [Q1] → 135 (-20) [Q2]

37% less first-time investments, than exits

New positions opened: 34 | Existing positions closed: 54

64% less capital invested

Capital invested by funds: $618M [Q1] → $222M (-$396M) [Q2]

100% less funds holding in top 10

Funds holding in top 10: 1 [Q1] → 0 (-1) [Q2]

Research analyst outlook

1 Wall Street Analyst provided 1 year price targets over the past 3 months

• Low target: $7.50 6% downside
• Avg. target: $7.50 6% downside
• High target: $7.50 6% downside

1 analyst rating

• positive: 0 0%
• neutral: 1 100%
• negative: 0 0%

Stifel Mark Kelley 88% 1-year accuracy 15 / 17 met price target

6% downside $7.50

Hold Maintained

14 Oct 2024