GHP Investment Advisors Inc. Has $554,000 Stake in Perion Network Ltd (NASDAQ:PERI)

GHP Investment Advisors Inc. increased its stake in shares of Perion Network Ltd (NASDAQ:PERI - Free Report) by 98.3% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 68,107 shares of the technology company's stock after buying an additional 33,765 shares during the quarter. GHP Investment Advisors Inc. owned 0.15% of Perion Network worth $554,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of PERI. Sanctuary Advisors LLC purchased a new stake in Perion Network in the 4th quarter valued at $489,000. New York State Common Retirement Fund raised its position in Perion Network by 23.2% in the 4th quarter. New York State Common Retirement Fund now owns 82,480 shares of the technology company's stock valued at $699,000 after buying an additional 15,509 shares during the last quarter. Private Capital Management LLC raised its position in Perion Network by 33.4% in the 3rd quarter. Private Capital Management LLC now owns 2,387,800 shares of the technology company's stock valued at $18,816,000 after buying an additional 598,228 shares during the last quarter. SBI Securities Co. Ltd. purchased a new stake in Perion Network in the 4th quarter valued at $45,000. Finally, Fox Run Management L.L.C. raised its position in Perion Network by 146.0% in the 4th quarter. Fox Run Management L.L.C. now owns 36,712 shares of the technology company's stock valued at $311,000 after buying an additional 21,790 shares during the last quarter. 68.12% of the stock is owned by hedge funds and other institutional investors.

Perion Network Stock Performance

PERI stock opened at $9.92 on Thursday. The company has a market capitalization of $444.71 million, a price-to-earnings ratio of -58.35, a PEG ratio of 0.96 and a beta of 1.47. Perion Network Ltd has a fifty-two week low of $7.00 and a fifty-two week high of $11.79. The stock has a fifty day moving average of $9.92 and a 200-day moving average of $9.04.

Analysts Set New Price Targets

PERI has been the subject of a number of analyst reports. Roth Capital set a $14.00 price target on Perion Network in a research report on Wednesday, May 14th. Needham & Company LLC restated a "hold" rating on shares of Perion Network in a research note on Wednesday, May 14th. Lake Street Capital upped their price objective on Perion Network from $10.50 to $13.00 and gave the company a "buy" rating in a research note on Wednesday, May 14th. Wall Street Zen upgraded Perion Network from a "sell" rating to a "hold" rating in a research note on Wednesday, May 21st. Finally, Roth Mkm upgraded Perion Network from a "neutral" rating to a "buy" rating and upped their price objective for the company from $9.00 to $14.00 in a research note on Wednesday, May 14th. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $12.13.

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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