Added to YB: 2024-07-01
Pitch date: 2024-06-24
PERI [bullish]
Perion Network Ltd.
+19.64%
current return
Author Info
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Company Info
Perion Network Ltd. provides digital advertising solutions to brands, agencies, and retailers in the United States and internationally.
Market Cap
$331.5M
Pitch Price
$8.30
Price Target
14.00 (+41%)
Dividend
N/A
EV/EBITDA
-1.39
P/E
29.44
EV/Sales
-0.04
Sector
Media
Category
value
Perion Network Ltd. - $PERI
PERI: Ad-tech co down 70% YTD after losing Bing rev. Still profitable, higher quality segment remains. Net-net w/ 115% mkt cap in cash. 0.8x 2025 sales. $14 PT (65% upside). Risks: poor mgmt communication, retail-driven. Catalysts: buybacks, accretive M&A, narrative shift, activist involvement. Est. $40M 2024 EBITDA, $0.30 EPS.
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