Free Trial

Perion Network Ltd (NASDAQ:PERI) Receives $12.38 Consensus Target Price from Analysts

Perion Network logo with Computer and Technology background

Shares of Perion Network Ltd (NASDAQ:PERI - Get Free Report) have been given a consensus recommendation of "Moderate Buy" by the five ratings firms that are presently covering the stock, Marketbeat reports. Two analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 1 year price target among brokerages that have issued a report on the stock in the last year is $12.38.

PERI has been the topic of several research reports. Roth Mkm upgraded shares of Perion Network from a "neutral" rating to a "buy" rating and raised their price objective for the company from $9.00 to $14.00 in a research report on Wednesday, May 14th. Roth Capital set a $14.00 price objective on shares of Perion Network in a research report on Wednesday, May 14th. Wall Street Zen upgraded shares of Perion Network from a "sell" rating to a "hold" rating in a research report on Wednesday, May 21st. Needham & Company LLC restated a "hold" rating on shares of Perion Network in a research report on Wednesday, May 14th. Finally, Lake Street Capital raised their price objective on shares of Perion Network from $13.00 to $14.00 and gave the company a "buy" rating in a research report on Tuesday, July 1st.

Check Out Our Latest Analysis on Perion Network

Perion Network Price Performance

NASDAQ:PERI traded up $0.07 during trading hours on Thursday, hitting $11.09. The stock had a trading volume of 87,802 shares, compared to its average volume of 403,458. The company has a 50 day simple moving average of $10.17 and a two-hundred day simple moving average of $9.13. The firm has a market capitalization of $497.16 million, a price-to-earnings ratio of -65.24, a P/E/G ratio of 1.07 and a beta of 1.44. Perion Network has a one year low of $7.00 and a one year high of $11.79.

Hedge Funds Weigh In On Perion Network

A number of large investors have recently added to or reduced their stakes in the business. Value Base Ltd. purchased a new position in Perion Network in the 1st quarter worth $18,799,000. Phoenix Financial Ltd. raised its position in Perion Network by 2.5% in the 1st quarter. Phoenix Financial Ltd. now owns 2,279,380 shares of the technology company's stock worth $18,554,000 after purchasing an additional 54,909 shares during the period. Systematic Financial Management LP raised its position in Perion Network by 10.0% in the 1st quarter. Systematic Financial Management LP now owns 713,177 shares of the technology company's stock worth $5,805,000 after purchasing an additional 65,092 shares during the period. Goldman Sachs Group Inc. raised its position in Perion Network by 23.1% in the 1st quarter. Goldman Sachs Group Inc. now owns 343,723 shares of the technology company's stock worth $2,798,000 after purchasing an additional 64,442 shares during the period. Finally, Clearline Capital LP raised its position in Perion Network by 20.5% in the 4th quarter. Clearline Capital LP now owns 339,705 shares of the technology company's stock worth $2,877,000 after purchasing an additional 57,880 shares during the period. Hedge funds and other institutional investors own 68.12% of the company's stock.

About Perion Network

(Get Free Report

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.

Recommended Stories

Analyst Recommendations for Perion Network (NASDAQ:PERI)

Should You Invest $1,000 in Perion Network Right Now?

Before you consider Perion Network, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Perion Network wasn't on the list.

While Perion Network currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

(Almost)  Everything You Need To Know About The EV Market Cover

Looking to profit from the electric vehicle mega-trend? Enter your email address and we'll send you our list of which EV stocks show the most long-term potential.

Get This Free Report
Like this article? Share it with a colleague.

Featured Articles and Offers

Recent Videos

Joby vs. Archer: The $10 Billion eVTOL Battle
3 Small-Cap Biotech Stocks With Catalysts Too Big to Ignore
AI Stocks Are Printing Money — These 3 Are Just Getting Started

Stock Lists

All Stock Lists

Investing Tools

Calendars and Tools

Search Headlines