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

Key Points

• Perion Network Ltd (NASDAQ:PERI) has received a consensus recommendation of "Moderate Buy" from analysts, with two holding and three buying ratings.
• The average target price for the stock among brokerages is $12.3750, while recent upgrades have set it as high as $14.00.
• Institutional investors own 68.12% of Perion's stock, indicating a significant interest 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 currently covering the company, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is $12.3750.

A number of equities research analysts recently issued reports on the company. Wall Street Zen raised Perion Network from a "hold" rating to a "buy" rating in a research note on Saturday, August 16th. Roth Capital set a $14.00 target price on Perion Network in a research note on Wednesday, May 14th. Lake Street Capital upped their target price on Perion Network from $13.00 to $14.00 and gave the company a "buy" rating in a research note on Tuesday, July 1st. Roth Mkm raised Perion Network from a "neutral" rating to a "buy" rating and upped their target price for the company from $9.00 to $14.00 in a research note on Wednesday, May 14th. Finally, Needham & Company LLC reaffirmed a "hold" rating on shares of Perion Network in a research note on Wednesday, May 14th.

Perion Network Trading Up 0.8%

Shares of NASDAQ:PERI traded up $0.07 during trading on Friday, hitting $9.27. 202,854 shares of the stock were exchanged, compared to its average volume of 447,892. The company has a fifty day moving average price of $10.28 and a two-hundred day moving average price of $9.52. The company has a market cap of $415.57 million, a PE ratio of -77.25, a P/E/G ratio of 0.81 and a beta of 1.43. Perion Network has a 12-month low of $6.99 and a 12-month high of $11.79.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of PERI. Russell Investments Group Ltd. acquired a new position in Perion Network in the 4th quarter valued at $41,000. Caption Management LLC acquired a new stake in shares of Perion Network during the 1st quarter worth $60,000. R Squared Ltd acquired a new stake in shares of Perion Network during the 2nd quarter worth $116,000. Magnetar Financial LLC acquired a new stake in shares of Perion Network during the 2nd quarter worth $144,000. Finally, NewEdge Advisors LLC acquired a new stake in shares of Perion Network during the 1st quarter worth $160,000. 68.12% of the stock is currently owned by institutional investors and hedge funds.

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.