Stifel Nicolaus analyst Mark Kelley maintained a Hold rating on Perion Network (PERI – Research Report) on May 10 and set a price target of $14.00. The company’s shares closed last Friday at $11.81.
According to TipRanks, Kelley is a top 100 analyst with an average return of 34.0% and a 73.37% success rate. Kelley covers the Communication Services sector, focusing on stocks such as Alphabet Class A, Meta Platforms, and Perion Network.
In addition to Stifel Nicolaus, Perion Network also received a Hold from Lake Street’s Eric Martinuzzi in a report issued on May 9. However, on the same day, Oppenheimer assigned a Buy rating to Perion Network (NASDAQ: PERI).
PERI market cap is currently $571.9M and has a P/E ratio of 5.62.
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Perion Network (PERI) Company Description:
Perion Network Ltd. is a global technology company, which engages in the provision of advertising solutions to brands and publishers through innovative platforms. It is committed to providing data-driven execution, from high-impact ad formats to branded search and a unified social and mobile programmatic platform. It offers the following business solutions: Undertone, which connects brands to consumers using engaging creatives; Code Fuel, which enables developers to optimize search traffic and generate incremental revenue; MakeMeReach, an automated social management platform that help ad performance across Facebook, Twitter, Instagram, and Snapchat; and Smilebox, a desktop and mobile applications. The company was founded by Ofer Adler and Yaron Adler in November 1999 and is headquartered Holon, Israel.
