After Lake Street and Taglich Brothers gave Perion Network (NASDAQ: PERI) a Buy rating last month, the company received another Buy, this time from Oppenheimer. Analyst Jason Helfstein assigned a Buy rating to Perion Network today and set a price target of $10.00. The company’s shares closed last Monday at $7.08.
According to TipRanks.com, Helfstein is a top 25 analyst with an average return of 30.6% and a 70.5% success rate. Helfstein covers the Technology sector, focusing on stocks such as Spotify Technology SA, Fiverr International, and Zillow Group Class A.
Currently, the analyst consensus on Perion Network is a Strong Buy with an average price target of $10.33.
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Based on Perion Network’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $83.41 million and net profit of $2.13 million. In comparison, last year the company earned revenue of $65.78 million and had a net profit of $2.87 million.
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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.