Perion Network Ltd (NASDAQ:PERI) Given Average Recommendation of "Moderate Buy" by Analysts

Shares of Perion Network Ltd (NASDAQ:PERI - Get Free Report) have earned a consensus recommendation of "Moderate Buy" from the five research firms that are presently covering the stock, MarketBeat reports. Two investment analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 1 year price objective among brokers that have issued a report on the stock in the last year is $12.38.

A number of brokerages have recently issued reports on PERI. Roth Capital set a $14.00 price target on shares of Perion Network in a 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 report on Wednesday, May 14th. Lake Street Capital raised their price objective on Perion Network from $13.00 to $14.00 and gave the company a "buy" rating in a research note on Tuesday. Finally, Roth Mkm upgraded Perion Network from a "neutral" rating to a "buy" rating and boosted their target price for the stock from $9.00 to $14.00 in a research report on Wednesday, May 14th.

Perion Network Price Performance

PERI opened at $11.02 on Thursday. The business has a fifty day moving average price of $10.09 and a 200 day moving average price of $9.09. Perion Network has a 12 month low of $7.00 and a 12 month high of $11.79. The stock has a market capitalization of $494.03 million, a price-to-earnings ratio of -64.82, a PEG ratio of 1.06 and a beta of 1.44.

Hedge Funds Weigh In On Perion Network

Several large investors have recently added to or reduced their stakes in the company. Perkins Capital Management Inc. increased its holdings in shares of Perion Network by 4.2% in the 4th quarter. Perkins Capital Management Inc. now owns 55,450 shares of the technology company's stock worth $470,000 after acquiring an additional 2,240 shares during the period. Two Sigma Advisers LP raised its holdings in shares of Perion Network by 2.2% during the fourth quarter. Two Sigma Advisers LP now owns 116,600 shares of the technology company's stock valued at $988,000 after buying an additional 2,500 shares during the last quarter. Orion Portfolio Solutions LLC boosted its position in shares of Perion Network by 8.5% during the fourth quarter. Orion Portfolio Solutions LLC now owns 34,707 shares of the technology company's stock worth $294,000 after buying an additional 2,711 shares during the period. Russell Investments Group Ltd. bought a new position in Perion Network in the 4th quarter worth approximately $41,000. Finally, SBI Securities Co. Ltd. acquired a new stake in Perion Network in the 4th quarter valued at approximately $45,000. 68.12% of the stock is currently owned by institutional investors.

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.

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