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

Key Points

• Perion Network Ltd has received an average rating of "Moderate Buy" from five brokerages, with three analysts recommending a buy and two a hold.
• The average one-year price target for Perion Network stock is $12.38, with Roth Capital setting a target price of $14.00.
• Institutional investors hold 68.12% of Perion Network's stock, indicating substantial institutional interest in the company.

Perion Network Ltd (NASDAQ:PERI - Get Free Report) has been given a consensus rating of "Moderate Buy" by the five research firms that are currently covering the stock, Marketbeat.com reports. Two investment analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is $12.38.

A number of equities analysts have recently weighed in on PERI shares. Wall Street Zen upgraded Perion Network from a "sell" rating to a "hold" rating in a research note on Wednesday, May 21st. Roth Mkm raised shares of Perion Network from a "neutral" rating to a "buy" rating and upped their price target for the company from $9.00 to $14.00 in a research report on Wednesday, May 14th. Needham & Company LLC reaffirmed a "hold" rating on shares of Perion Network in a research report on Wednesday, May 14th. Lake Street Capital lifted their price target on shares of Perion Network from $13.00 to $14.00 and gave the stock a "buy" rating in a report on Tuesday, July 1st. Finally, Roth Capital set a $14.00 price target on shares of Perion Network in a research note on Wednesday, May 14th.

Perion Network Trading Up 0.5%

Shares of Perion Network stock traded up $0.05 on Monday, reaching $10.83. 68,641 shares of the company were exchanged, compared to its average volume of 417,588. Perion Network has a one year low of $6.99 and a one year high of $11.79. The company has a market capitalization of $485.45 million, a price-to-earnings ratio of -63.79, a PEG ratio of 1.07 and a beta of 1.44. The company has a 50-day moving average of $10.56 and a 200 day moving average of $9.44.

Institutional Trading of Perion Network

Several hedge funds and other institutional investors have recently bought and sold shares of PERI. Russell Investments Group Ltd. acquired a new stake in shares of Perion Network in the fourth quarter worth $41,000. Caption Management LLC acquired a new stake in Perion Network in the 1st quarter valued at about $60,000. R Squared Ltd acquired a new stake in shares of Perion Network during the 2nd quarter worth approximately $116,000. Perritt Capital Management Inc acquired a new position in Perion Network during the fourth quarter valued at approximately $127,000. Finally, NewEdge Advisors LLC bought a new position in Perion Network in the first quarter valued at $160,000. 68.12% of the stock is owned by 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.