Perion Network Ltd (NASDAQ:PERI - Get Free Report)'s stock price passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred 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 changing hands.
Analyst Upgrades and Downgrades
PERI has been the subject of a number of research reports. Lake Street Capital raised their target price on Perion Network from $10.50 to $13.00 and gave the company a "buy" rating in a research note on Wednesday, May 14th. Needham & Company LLC restated a "hold" rating on shares of Perion Network in a research note on Wednesday, May 14th. Roth Mkm upgraded Perion Network from a "neutral" rating to a "buy" rating and raised their target price for the company from $9.00 to $14.00 in a research note on Wednesday, May 14th. Roth Capital set a $14.00 target price on Perion Network in a research note on Wednesday, May 14th. Finally, Wall Street Zen upgraded Perion Network from a "sell" rating to a "hold" rating in a research note on Wednesday, May 21st. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $12.13.
Check Out Our Latest Stock Analysis on Perion Network
Perion Network Stock Down 1.6%
The firm has a fifty day moving average of $9.97 and a 200-day moving average of $9.06. The firm has a market cap of $452.78 million, a P/E ratio of -59.41, a PEG ratio of 0.99 and a beta of 1.48.
Hedge Funds Weigh In On Perion Network
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Russell Investments Group Ltd. bought a new position in Perion Network during the fourth quarter worth about $41,000. SBI Securities Co. Ltd. bought a new position in Perion Network during the fourth quarter worth about $45,000. Caption Management LLC bought a new position in Perion Network during the first quarter worth about $60,000. Perritt Capital Management Inc bought a new position in Perion Network during the fourth quarter worth about $127,000. Finally, NewEdge Advisors LLC bought a new position in Perion Network during the first quarter worth about $160,000. Institutional investors own 68.12% of the company's stock.
About Perion Network
(
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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