Perion Network Ltd (NASDAQ:PERI - Get Free Report) shares crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $9.02 and traded as high as $9.80. Perion Network shares last traded at $9.67, with a volume of 163,829 shares changing hands.
Wall Street Analysts Forecast Growth
Several research analysts have weighed in on the company. Needham & Company LLC reiterated a "hold" rating on shares of Perion Network in a research note on Wednesday, May 14th. Roth Capital set a $14.00 price objective on shares of Perion Network in a research report on Wednesday, May 14th. Lake Street Capital upped their price objective on shares of Perion Network from $10.50 to $13.00 and gave the stock a "buy" rating in a research report on Wednesday, May 14th. Roth Mkm raised shares of Perion Network from a "neutral" rating to a "buy" rating and lifted their target price for the company from $9.00 to $14.00 in a report on Wednesday, May 14th. Finally, Wall Street Zen upgraded shares of Perion Network from a "sell" rating to a "hold" rating in a research note on Wednesday, May 21st. Three analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $12.13.
Get Our Latest Analysis on Perion Network
Perion Network Stock Down 0.5%
The business has a fifty day simple moving average of $9.73 and a 200 day simple moving average of $9.02. The company has a market cap of $433.51 million, a price-to-earnings ratio of -56.88, a P/E/G ratio of 0.95 and a beta of 1.47.
Institutional Inflows and Outflows
A number of hedge funds have recently modified their holdings of PERI. Russell Investments Group Ltd. acquired a new position in shares of Perion Network in the 4th quarter valued at $41,000. SBI Securities Co. Ltd. acquired a new stake in Perion Network in the 4th quarter valued at about $45,000. Caption Management LLC acquired a new position in Perion Network in the 1st quarter worth approximately $60,000. Perritt Capital Management Inc acquired a new stake in Perion Network during the fourth quarter valued at $127,000. Finally, NewEdge Advisors LLC bought a new stake in shares of Perion Network during the 1st quarter worth about $160,000. 68.12% of the stock is owned by hedge funds and other institutional investors.
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.
See Also
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