2024-06-18 04:04:06 ET
Summary
- Perion's revenue growth rates have been steadily compressing, exacerbated by the loss of its key partnership with Microsoft Bing.
- At 16x forward EBITDA, PERI stock may appear cheap but is actually overpriced given its prospects.
- Despite a significant drop in stock price, investors are advised to stay away as its best days are in the past.
Investment Thesis
Perion's ( PERI ) stock is a sell. This is hard to stomach. The stock is down so much, and I was so bullish on it last year....
Read the full article on Seeking Alpha
For further details see:
Perion: When Cheap Isn't A Steal, Avoid