Perion Network (NASDAQ:PERI) Receives "Sell (D+)" Rating from Weiss Ratings

Key Points

• Perion Network (NASDAQ:PERI) has received a "sell (D+)" rating from Weiss Ratings, reaffirming concerns regarding its stock performance.
• In contrast, Wall Street Zen upgraded Perion from a "hold" to a "buy" rating, while Lake Street Capital increased its price target from $13.00 to $14.00.
• Institutional investors hold 68.12% of Perion Network, with several firms increasing their stakes significantly in recent quarters.

Perion Network (NASDAQ:PERI - Get Free Report)'s stock had its "sell (d+)" rating reiterated by stock analysts at Weiss Ratings in a research report issued on Wednesday,Weiss Ratings reports.

A number of other research firms have also commented on PERI. Wall Street Zen raised Perion Network from a "hold" rating to a "buy" rating in a report on Saturday, August 16th. Lake Street Capital raised their price target on Perion Network from $13.00 to $14.00 and gave the stock a "buy" rating in a report on Tuesday, July 1st. Three equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $12.38.

Perion Network Trading Up 0.2%

Shares of NASDAQ PERI opened at $9.65 on Wednesday. The stock has a fifty day simple moving average of $9.51 and a two-hundred day simple moving average of $9.68. Perion Network has a 1-year low of $6.99 and a 1-year high of $11.79. The firm has a market cap of $432.61 million, a price-to-earnings ratio of -80.42, a price-to-earnings-growth ratio of 0.85 and a beta of 1.54.

Institutional Investors Weigh In On Perion Network

Large investors have recently added to or reduced their stakes in the business. Osaic Holdings Inc. boosted its stake in Perion Network by 209.9% during the second quarter. Osaic Holdings Inc. now owns 2,721 shares of the technology company's stock valued at $28,000 after buying an additional 1,843 shares during the period. Caption Management LLC bought a new stake in Perion Network during the first quarter valued at $60,000. R Squared Ltd bought a new stake in Perion Network during the second quarter valued at $116,000. Magnetar Financial LLC bought a new stake in Perion Network during the second quarter valued at $144,000. Finally, Worth Venture Partners LLC bought a new stake in Perion Network during the second quarter valued at $178,000. Institutional investors own 68.12% of the company's stock.

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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