Perion Network (NASDAQ:PERI - Get Free Report) had its price objective hoisted by analysts at Lake Street Capital from $13.00 to $14.00 in a research report issued to clients and investors on Tuesday,Benzinga reports. The brokerage currently has a "buy" rating on the technology company's stock. Lake Street Capital's target price indicates a potential upside of 29.03% from the stock's current price.
Other research analysts also recently issued research reports about the company. Needham & Company LLC reaffirmed a "hold" rating on shares of Perion Network in a report on Wednesday, May 14th. Roth Capital set a $14.00 target price on Perion Network in a report on Wednesday, May 14th. Wall Street Zen raised Perion Network from a "sell" rating to a "hold" rating in a report on Wednesday, May 21st. Finally, Roth Mkm raised Perion Network from a "neutral" rating to a "buy" rating and increased their target price for the stock from $9.00 to $14.00 in a report on Wednesday, May 14th. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $12.38.
Read Our Latest Report on PERI
Perion Network Stock Up 6.9%
NASDAQ:PERI traded up $0.70 during trading hours on Tuesday, reaching $10.85. 516,795 shares of the stock were exchanged, compared to its average volume of 405,850. The firm has a 50 day simple moving average of $10.00 and a 200-day simple moving average of $9.07. Perion Network has a 52 week low of $7.00 and a 52 week high of $11.79. The stock has a market capitalization of $486.41 million, a P/E ratio of -63.82, a P/E/G ratio of 0.99 and a beta of 1.45.
Institutional Trading of Perion Network
Large investors have recently added to or reduced their stakes in the business. Russell Investments Group Ltd. bought a new stake in Perion Network during the 4th quarter valued at $41,000. SBI Securities Co. Ltd. bought a new stake in Perion Network during the 4th quarter valued at $45,000. Caption Management LLC bought a new stake in Perion Network during the 1st quarter valued at $60,000. Perritt Capital Management Inc bought a new stake in Perion Network during the 4th quarter valued at $127,000. Finally, NewEdge Advisors LLC bought a new stake in Perion Network during the 1st quarter valued at $160,000. 68.12% of the stock is currently owned by institutional investors and hedge funds.
Perion Network Company Profile
(
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.
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