Perion Network Ltd (NASDAQ:PERI - Get Free Report) passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $9.04 and traded as high as $10.02. Perion Network shares last traded at $9.92, with a volume of 193,754 shares trading hands.
Analyst Ratings Changes
A number of brokerages recently weighed in on PERI. Lake Street Capital raised their price objective on Perion Network from $10.50 to $13.00 and gave the company a "buy" rating in a research note on Wednesday, May 14th. Wall Street Zen upgraded shares of Perion Network from a "sell" rating to a "hold" rating in a report on Wednesday, May 21st. Roth Mkm raised Perion Network from a "neutral" rating to a "buy" rating and raised their target price for the stock from $9.00 to $14.00 in a research report on Wednesday, May 14th. Roth Capital set a $14.00 price objective on Perion Network in a report on Wednesday, May 14th. Finally, Needham & Company LLC reiterated a "hold" rating on shares of Perion Network in a research report on Wednesday, May 14th. Three equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. According to data from MarketBeat.com, Perion Network has a consensus rating of "Moderate Buy" and an average target price of $12.13.
Get Our Latest Research Report on Perion Network
Perion Network Stock Down 0.9%
The firm has a market cap of $455.87 million, a price-to-earnings ratio of -60.03, a P/E/G ratio of 0.97 and a beta of 1.47. The stock has a 50 day moving average of $9.95 and a 200 day moving average of $9.05.
Hedge Funds Weigh In On Perion Network
Large investors have recently bought and sold shares of the company. Value Base Ltd. acquired a new position in Perion Network during the 1st quarter worth about $18,799,000. Private Capital Management LLC boosted its holdings in Perion Network by 33.4% in the third quarter. Private Capital Management LLC now owns 2,387,800 shares of the technology company's stock valued at $18,816,000 after acquiring an additional 598,228 shares during the last quarter. Murchinson Ltd. acquired a new stake in Perion Network during the 1st quarter valued at approximately $2,274,000. Systematic Financial Management LP raised its holdings in Perion Network by 38.3% during the 4th quarter. Systematic Financial Management LP now owns 648,085 shares of the technology company's stock worth $5,489,000 after purchasing an additional 179,557 shares during the last quarter. Finally, Sphera Management Technology Funds Ltd acquired a new position in shares of Perion Network in the 4th quarter worth approximately $995,000. 68.12% of the stock is currently owned by institutional investors.
Perion Network Company Profile
(
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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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