Perion Network Ltd (NASDAQ:PERI - Get Free Report) passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $9.32 and traded as high as $11.29. Perion Network shares last traded at $11.19, with a volume of 250,873 shares changing hands.
Analysts Set New Price Targets
PERI has been the subject of several research reports. Roth Mkm raised shares of Perion Network from a "neutral" rating to a "buy" rating and lifted their price target for the company from $9.00 to $14.00 in a report on Wednesday, May 14th. Roth Capital set a $14.00 price target on shares of Perion Network in a research report on Wednesday, May 14th. Wall Street Zen upgraded shares of Perion Network from a "sell" rating to a "hold" rating in a research report on Wednesday, May 21st. Needham & Company LLC restated a "hold" rating on shares of Perion Network in a research report on Wednesday, May 14th. Finally, Lake Street Capital upped their price target on shares of Perion Network from $13.00 to $14.00 and gave the stock a "buy" rating in a research report on Tuesday, July 1st. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $12.38.
View Our Latest Stock Report on Perion Network
Perion Network Price Performance
The firm has a market cap of $501.65 million, a price-to-earnings ratio of -65.94, a P/E/G ratio of 1.09 and a beta of 1.44. The firm's fifty day moving average is $10.53 and its two-hundred day moving average is $9.35.
Institutional Investors Weigh In On Perion Network
Several institutional investors have recently bought and sold shares of PERI. Russell Investments Group Ltd. acquired a new stake in Perion Network in the 4th quarter valued at about $41,000. Caption Management LLC acquired a new stake in Perion Network in the 1st quarter valued at about $60,000. Perritt Capital Management Inc acquired a new stake in Perion Network in the 4th quarter valued at about $127,000. NewEdge Advisors LLC acquired a new stake in Perion Network in the 1st quarter valued at about $160,000. Finally, State of Wyoming lifted its holdings in Perion Network by 217.2% in the 4th quarter. State of Wyoming now owns 19,676 shares of the technology company's stock valued at $167,000 after acquiring an additional 13,472 shares during the last quarter. Institutional investors and hedge funds own 68.12% of the company's stock.
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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