Perion Network Ltd. (NASDAQ:PERI) Shares Sold by Public Employees Retirement System of Ohio

Public Employees Retirement System of Ohio decreased its position in shares of Perion Network Ltd. (NASDAQ:PERI - Free Report) by 38.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 51,145 shares of the technology company's stock after selling 32,089 shares during the period. Public Employees Retirement System of Ohio owned about 0.11% of Perion Network worth $433,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of PERI. Russell Investments Group Ltd. acquired a new position in shares of Perion Network in the fourth quarter worth $41,000. SBI Securities Co. Ltd. purchased a new position in Perion Network in the fourth quarter valued at $45,000. Perritt Capital Management Inc purchased a new position in Perion Network in the fourth quarter valued at $127,000. State of Wyoming grew its stake in Perion Network by 217.2% during the 4th quarter. State of Wyoming now owns 19,676 shares of the technology company's stock worth $167,000 after purchasing an additional 13,472 shares in the last quarter. Finally, Point72 Asset Management L.P. increased its holdings in Perion Network by 56.4% during the 4th quarter. Point72 Asset Management L.P. now owns 26,600 shares of the technology company's stock worth $225,000 after purchasing an additional 9,589 shares during the period. Institutional investors and hedge funds own 68.12% of the company's stock.

Perion Network Stock Performance

PERI stock traded up $0.05 during midday trading on Friday, reaching $10.26. 174,668 shares of the company were exchanged, compared to its average volume of 486,230. The company has a market cap of $459.90 million, a price-to-earnings ratio of 39.46, a price-to-earnings-growth ratio of 0.76 and a beta of 1.47. Perion Network Ltd. has a 1-year low of $7.00 and a 1-year high of $11.79. The stock's 50-day simple moving average is $9.42 and its 200 day simple moving average is $8.95.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the company. Roth Mkm upgraded Perion Network from a "neutral" rating to a "buy" rating and lifted their price objective for the company from $9.00 to $14.00 in a research note on Wednesday, May 14th. Lake Street Capital raised their target price on shares of Perion Network from $10.50 to $13.00 and gave the company a "buy" rating in a report on Wednesday, May 14th. Needham & Company LLC reiterated a "hold" rating on shares of Perion Network in a research note on Wednesday, May 14th. Wall Street Zen upgraded shares of Perion Network from a "sell" rating to a "hold" rating in a report on Wednesday, May 21st. Finally, Roth Capital set a $14.00 price objective on shares of Perion Network in a research report on Wednesday, May 14th. Four research analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus 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.