Perion Network Ltd (NASDAQ:PERI) Shares Sold by Harel Insurance Investments & Financial Services Ltd.

Harel Insurance Investments & Financial Services Ltd. lessened its holdings in shares of Perion Network Ltd (NASDAQ:PERI - Free Report) by 0.9% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 3,478,513 shares of the technology company's stock after selling 32,400 shares during the quarter. Harel Insurance Investments & Financial Services Ltd. owned 7.76% of Perion Network worth $28,315,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. SBI Securities Co. Ltd. purchased a new position in shares of Perion Network during the 4th quarter valued at approximately $45,000. Fox Run Management L.L.C. raised its holdings in Perion Network by 146.0% in the fourth quarter. Fox Run Management L.L.C. now owns 36,712 shares of the technology company's stock valued at $311,000 after acquiring an additional 21,790 shares in the last quarter. Perkins Capital Management Inc. boosted its stake in Perion Network by 4.2% during the 4th quarter. Perkins Capital Management Inc. now owns 55,450 shares of the technology company's stock valued at $470,000 after acquiring an additional 2,240 shares during the last quarter. Orion Portfolio Solutions LLC grew its holdings in Perion Network by 8.5% during the 4th quarter. Orion Portfolio Solutions LLC now owns 34,707 shares of the technology company's stock worth $294,000 after acquiring an additional 2,711 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership acquired a new position in Perion Network during the 4th quarter worth $755,000. 68.12% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

PERI has been the topic of several research analyst reports. 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. Wall Street Zen upgraded Perion Network from a "sell" rating to a "hold" rating in a research note on Wednesday, May 21st. Roth Capital set a $14.00 target price on Perion Network in a research report on Wednesday, May 14th. Roth Mkm upgraded Perion Network from a "neutral" rating to a "buy" rating and boosted their price target for the company from $9.00 to $14.00 in a report on Wednesday, May 14th. Finally, Needham & Company LLC restated a "hold" rating on shares of Perion Network in a research note on Wednesday, May 14th. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $12.38.

Perion Network Trading Up 0.6%

PERI traded up $0.07 on Friday, hitting $11.09. 87,802 shares of the company's stock were exchanged, compared to its average volume of 403,265. The stock has a fifty day moving average of $10.13 and a two-hundred day moving average of $9.11. Perion Network Ltd has a twelve month low of $7.00 and a twelve month high of $11.79. The firm has a market cap of $497.16 million, a PE ratio of -65.24, a P/E/G ratio of 1.07 and a beta of 1.44.

Perion Network 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.