Public Employees Retirement System of Ohio Sells 32,089 Shares of Perion Network Ltd. (NASDAQ:PERI)

Public Employees Retirement System of Ohio decreased its stake 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 firm 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 approximately 0.11% of Perion Network worth $433,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Russell Investments Group Ltd. acquired a new stake in shares of Perion Network in the fourth quarter valued at $41,000. SBI Securities Co. Ltd. acquired a new position in Perion Network during the fourth quarter worth about $45,000. Perritt Capital Management Inc bought a new stake in Perion Network in the fourth quarter worth about $127,000. State of Wyoming lifted its holdings in Perion Network by 217.2% in the 4th quarter. State of Wyoming now owns 19,676 shares of the technology company's stock valued at $167,000 after acquiring an additional 13,472 shares during the last quarter. Finally, Point72 Asset Management L.P. boosted its position in shares of 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 valued at $225,000 after purchasing an additional 9,589 shares in the last quarter. 68.12% of the stock is currently owned by institutional investors.

Perion Network Stock Performance

Shares of PERI stock traded up $0.05 on Friday, reaching $10.26. 174,668 shares of the company's stock traded hands, compared to its average volume of 485,128. The company has a market capitalization of $459.90 million, a P/E ratio of 39.46, a price-to-earnings-growth ratio of 0.76 and a beta of 1.47. Perion Network Ltd. has a 12-month low of $7.00 and a 12-month high of $12.51. The business's 50 day moving average price is $9.38 and its two-hundred day moving average price is $8.93.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the stock. Wall Street Zen raised shares of Perion Network from a "sell" rating to a "hold" rating in a research note on Wednesday, May 21st. Needham & Company LLC restated a "hold" rating on shares of Perion Network in a research report on Wednesday, May 14th. Lake Street Capital upped their price target on Perion Network from $10.50 to $13.00 and gave the company a "buy" rating in a report on Wednesday, May 14th. Roth Capital set a $14.00 price objective on Perion Network in a research report on Wednesday, May 14th. Finally, Roth Mkm upgraded Perion Network from a "neutral" rating to a "buy" rating and lifted their target price for the stock from $9.00 to $14.00 in a report on Wednesday, May 14th. Four analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of $12.13.

About Perion Network

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.