Perion Network Ltd (NASDAQ:PERI) Given Average Rating of "Moderate Buy" by Brokerages

Key Points

• Perion Network Ltd (NASDAQ:PERI) has received an average rating of "Moderate Buy" from five analysts, with three rating it as a buy and two as a hold.
• The average price target for the stock is $12.3750, reflecting positive sentiment towards the company’s potential growth.
• Approximately 68.12% of Perion Network's stock is owned by institutional investors, indicating a significant level of confidence from larger financial entities.

Shares of Perion Network Ltd (NASDAQ:PERI - Get Free Report) have received a consensus recommendation of "Moderate Buy" from the five analysts that are presently covering the company, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is $12.3750.

PERI has been the subject of a number of research analyst reports. Wall Street Zen raised shares of Perion Network from a "hold" rating to a "buy" rating in a research note on Saturday, August 16th. Lake Street Capital upped their price target on shares of Perion Network from $13.00 to $14.00 and gave the stock a "buy" rating in a research note on Tuesday, July 1st.

Institutional Trading of Perion Network

Several institutional investors and hedge funds have recently added to or reduced their stakes in PERI. Osaic Holdings Inc. raised its holdings in shares of Perion Network by 209.9% during the second quarter. Osaic Holdings Inc. now owns 2,721 shares of the technology company's stock valued at $28,000 after acquiring an additional 1,843 shares during the period. State of Wyoming boosted its holdings in shares of Perion Network by 11.0% during the 2nd quarter. State of Wyoming now owns 22,147 shares of the technology company's stock worth $225,000 after buying an additional 2,196 shares during the period. Two Sigma Advisers LP boosted its holdings in shares of Perion Network by 2.2% during the 4th quarter. Two Sigma Advisers LP now owns 116,600 shares of the technology company's stock worth $988,000 after buying an additional 2,500 shares during the period. LPL Financial LLC boosted its holdings in shares of Perion Network by 2.8% during the 1st quarter. LPL Financial LLC now owns 243,563 shares of the technology company's stock worth $1,983,000 after buying an additional 6,649 shares during the period. Finally, Balyasny Asset Management L.P. boosted its holdings in Perion Network by 20.0% in the 2nd quarter. Balyasny Asset Management L.P. now owns 42,115 shares of the technology company's stock valued at $427,000 after purchasing an additional 7,028 shares during the period. 68.12% of the stock is owned by institutional investors and hedge funds.

Perion Network Stock Down 0.8%

Perion Network stock opened at $9.22 on Tuesday. The firm has a 50-day moving average price of $10.01 and a two-hundred day moving average price of $9.55. The firm has a market capitalization of $413.33 million, a price-to-earnings ratio of -76.83, a PEG ratio of 0.82 and a beta of 1.46. Perion Network has a 52-week low of $6.99 and a 52-week high of $11.79.

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.

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