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

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.

Perion Network Ltd (NASDAQ:PERI - Get Free Report) has earned an average 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 issued a buy rating on the company. The average 12-month target price among brokerages that have covered the stock in the last year is $12.3750.

A number of research firms recently weighed in on PERI. Needham & Company LLC restated a "hold" rating on shares of Perion Network in a research note on Wednesday, May 14th. Roth Capital set a $14.00 price target on shares of Perion Network in a research note on Wednesday, May 14th. Roth Mkm upgraded shares of 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 report on Wednesday, May 14th. Wall Street Zen upgraded shares of Perion Network from a "hold" rating to a "buy" rating in a report on Saturday, August 16th. Finally, Lake Street Capital upped their price target on shares of Perion Network from $13.00 to $14.00 and gave the company a "buy" rating in a report on Tuesday, July 1st.

Perion Network Price Performance

Shares of Perion Network stock opened at $9.17 on Friday. The company's fifty day simple moving average is $10.31 and its 200-day simple moving average is $9.53. The stock has a market capitalization of $411.05 million, a PE ratio of -76.42, a P/E/G ratio of 0.89 and a beta of 1.43. Perion Network has a 1-year low of $6.99 and a 1-year high of $11.79.

Institutional Investors Weigh In On Perion Network

Several large investors have recently added to or reduced their stakes in PERI. Russell Investments Group Ltd. purchased a new stake in shares of Perion Network in the 4th quarter worth approximately $41,000. Caption Management LLC acquired a new position in Perion Network during the 1st quarter valued at approximately $60,000. R Squared Ltd acquired a new position in Perion Network during the 2nd quarter valued at approximately $116,000. Magnetar Financial LLC acquired a new stake in shares of Perion Network in the second quarter worth $144,000. Finally, Worth Venture Partners LLC acquired a new stake in shares of Perion Network in the second quarter worth $178,000. 68.12% of the stock is owned by hedge funds and other institutional investors.

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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