Perion Network Ltd (NASDAQ:PERI - Get Free Report)'s share price passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $9.22 and traded as high as $11.30. Perion Network shares last traded at $11.02, with a volume of 271,753 shares changing hands.
Analyst Ratings Changes
A number of brokerages have issued reports on PERI. Needham & Company LLC reaffirmed a "hold" rating on shares of Perion Network in a report on Wednesday, May 14th. Wall Street Zen raised shares of Perion Network from a "sell" rating to a "hold" rating in a report on Wednesday, May 21st. Roth Mkm raised shares of Perion Network from a "neutral" rating to a "buy" rating and raised their price objective for the stock from $9.00 to $14.00 in a research note on Wednesday, May 14th. Roth Capital set a $14.00 price objective on shares of Perion Network in a research note on Wednesday, May 14th. Finally, Lake Street Capital raised their price objective on shares of Perion Network from $13.00 to $14.00 and gave the stock a "buy" rating in a research note on Tuesday, July 1st. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, Perion Network currently has a consensus rating of "Moderate Buy" and an average target price of $12.38.
Get Our Latest Stock Analysis on PERI
Perion Network Trading Down 1.4%
The stock's 50 day moving average price is $10.33 and its two-hundred day moving average price is $9.22. The firm has a market capitalization of $493.97 million, a PE ratio of -64.82, a PEG ratio of 1.09 and a beta of 1.44.
Institutional Trading of Perion Network
A number of hedge funds have recently bought and sold shares of the company. Goldman Sachs Group Inc. boosted its position in Perion Network by 23.1% during the first quarter. Goldman Sachs Group Inc. now owns 343,723 shares of the technology company's stock worth $2,798,000 after acquiring an additional 64,442 shares during the last quarter. Murchinson Ltd. acquired a new stake in Perion Network during the first quarter worth approximately $2,274,000. NewEdge Advisors LLC acquired a new stake in Perion Network during the first quarter worth approximately $160,000. PDT Partners LLC boosted its position in Perion Network by 23.9% during the first quarter. PDT Partners LLC now owns 142,640 shares of the technology company's stock worth $1,161,000 after acquiring an additional 27,543 shares during the last quarter. Finally, Caption Management LLC acquired a new stake in Perion Network during the first quarter worth approximately $60,000. 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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