Professional
Added to YB: 2024-07-24
Pitch date: 2024-06-30
PERI [neutral]
Perion Network Ltd.
+19.21%
current return
Author Info
Riverwater Partners is a Milwaukee-based investment advisory firm dedicated to responsible investing. Visit the website.
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
$8.33
Price Target
N/A
Dividend
N/A
EV/EBITDA
-1.39
P/E
29.44
EV/Sales
-0.04
Sector
Media
Category
value
Riverwater Micro Opportunities Strategy Portfolio Holding: Perion Network Ltd.
PERI: Digital ad provider hit by MSFT revising partnership, dropping MSFT sales to ~5% of rev. Stock trades below $480M net cash. 2024 est. $45M EBITDA makes it very cheap, but Q3 showed cheap can get cheaper. Still holding despite unexpected lack of downside protection from cash position.
Read full article (1 min)