10 Most Promising Small-Cap Stocks to Buy According to Hedge Funds

7. Perion Network Ltd. (NASDAQ:PERI)

Number of Hedge Fund Holders: 15

Market Cap: $330.70 million

Perion Network Ltd. (NASDAQ:PERI) is one of the most promising stocks on our list.

TheFly reported on June 18 that PERI announced the launch of Ask Perion, an agentic self-service interface integrated into the Perion One platform, along with the Ask Perion Mobile App at Cannes Lions 2026. The new solution is designed to simplify digital advertising workflows by helping marketers access insights and take action more efficiently. Ask Perion combines an Insights Agent that provides campaign performance analysis through natural language queries and a Planning Agent that transforms marketing objectives into structured cross-channel media plans. The platform aims to reduce complexity across advertising operations by connecting data, planning, and execution within a unified system.

In separate news, on June 16, Perion Network Ltd. (NASDAQ:PERI) announced a strategic partnership with Best Buy Canada to support the retailer’s in-store digital advertising network through Perion’s technology platform. Under the agreement, Best Buy Canada selected Perion as its technology provider to enhance the monetization of its programmatic digital signage operations.

The partnership expands PERI’s presence in the retail media sector by enabling a more automated advertising model. Best Buy Canada will utilize Perion’s technology solutions, including its Ad Server, SSP, and Header Bidding capabilities, to improve ad performance, optimize revenue generation, and transition toward dynamic impression-based media management.

Perion Network Ltd. (NASDAQ:PERI) is an AI-driven digital advertising technology company providing omnichannel marketing solutions across CTV, retail media, DOOH, and social platforms through its Perion One platform.

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