Brief: Spruce Point Capital Management Announces Investment Opinion Releases Report And Strong Sell Research Opinion On Perion Network Ltd

Perion Network

23/05/2023 14:06

May 23 (Reuters) - Perion Network Ltd  PERI.TA :
    * SPRUCE POINT CAPITAL MANAGEMENT ANNOUNCES INVESTMENT
OPINION:
RELEASES REPORT AND STRONG SELL RESEARCH OPINION ON PERION
NETWORK LTD. (NASDAQ / TASE: PERI)
    * SPRUCE POINT - HAS A SHORT POSITION IN PERION NETWORK, LTD
    * SPRUCE POINT-QUESTIONS PERION'S CAPITAL ALLOCATION
DECISIONS AND
INSIDER SELLING;RAISES CONCERNS PERION HASN'T USED $230M RAISED
THROUGH EQUITY IN 2021
    * SPRUCE POINT - EXPRESSES CONCERNS WITH PERION'S EXTREME
DEPENDENCY ON A MICROSOFT SEARCH PARTNERSHIP
    * SPRUCE POINT SAYS SEES 25% TO 40% LONG-TERM DOWNSIDE RISK
TO
PERION'S SHARE PRICE

Source text for Eikon:  ID:nBw7pWTgla 
Further company coverage:  PERI.TA 

 ((reuters.briefs@thomsonreuters.com;))