40,793 Shares in Perion Network Ltd $PERI Acquired by Stableford Capital II LLC

Key Points

• Stableford Capital II LLC acquired 40,793 shares of Perion Network Ltd, valued at approximately $451,000, increasing its stake to about 0.09% in the company.
• Institutional investors collectively own 68.12% of Perion Network's stock, showcasing significant institutional interest in the technology company's market performance.
• Wall Street analysts have given the stock a consensus rating of "Moderate Buy", with four analysts recommending a buy and a set price target of $14.00 on the shares.

Stableford Capital II LLC bought a new position in Perion Network Ltd (NASDAQ:PERI - Free Report) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 40,793 shares of the technology company's stock, valued at approximately $451,000. Stableford Capital II LLC owned about 0.09% of Perion Network at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Value Base Ltd. purchased a new stake in Perion Network in the first quarter worth approximately $18,799,000. Phoenix Financial Ltd. boosted its holdings in Perion Network by 2.5% in the first quarter. Phoenix Financial Ltd. now owns 2,279,380 shares of the technology company's stock worth $18,554,000 after purchasing an additional 54,909 shares during the last quarter. GHP Investment Advisors Inc. boosted its holdings in Perion Network by 98.3% in the first quarter. GHP Investment Advisors Inc. now owns 68,107 shares of the technology company's stock worth $554,000 after purchasing an additional 33,765 shares during the last quarter. Murchinson Ltd. purchased a new stake in Perion Network in the first quarter worth approximately $2,274,000. Finally, Goldman Sachs Group Inc. boosted its holdings in Perion Network by 23.1% in the first quarter. Goldman Sachs Group Inc. now owns 343,723 shares of the technology company's stock worth $2,798,000 after purchasing an additional 64,442 shares during the last quarter. Hedge funds and other institutional investors own 68.12% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on PERI shares. Wall Street Zen upgraded shares of Perion Network from a "hold" rating to a "buy" rating in a research report on Saturday, August 16th. Craig Hallum set a $14.00 price target on shares of Perion Network and gave the stock a "buy" rating in a research report on Monday. Weiss Ratings reiterated a "sell (d+)" rating on shares of Perion Network in a research report on Wednesday, October 8th. Finally, Lake Street Capital increased their price target on shares of Perion Network from $13.00 to $14.00 and gave the stock a "buy" rating in a research report on Tuesday, July 1st. Four analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $14.00.

Perion Network Price Performance

Shares of PERI stock opened at $9.62 on Thursday. The company has a market capitalization of $431.26 million, a price-to-earnings ratio of -80.17, a PEG ratio of 0.86 and a beta of 1.54. Perion Network Ltd has a one year low of $6.99 and a one year high of $11.79. The company's fifty day moving average price is $9.41 and its 200-day moving average price is $9.73.

Perion Network Company Profile

Perion Network Ltd. provides digital advertising solutions to brands, agencies, and publishers in North America, Europe, and internationally. It offers Wildfire, a content monetization platform; search monetization solutions, including website monetization, search mediation, and app monetization; and cross-channel digital advertising software as a service platform.

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