Wall Street Zen Upgrades Perion Network (NASDAQ:PERI) to "Hold"

Wall Street Zen upgraded shares of Perion Network (NASDAQ:PERI - Free Report) from a sell rating to a hold rating in a research report report published on Wednesday.

Several other research firms have also recently weighed in on PERI. Lake Street Capital increased their price objective on Perion Network from $10.50 to $13.00 and gave the stock a "buy" rating in a report on Wednesday, May 14th. Roth Mkm upgraded Perion Network from a "neutral" rating to a "buy" rating and increased their price objective for the stock from $9.00 to $14.00 in a 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 report on Wednesday, May 14th. Four 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, the stock presently has an average rating of "Hold" and an average price target of $12.13.

Perion Network Stock Performance

PERI stock traded down $0.19 during trading on Wednesday, hitting $10.76. 293,999 shares of the company traded hands, compared to its average volume of 496,093. The firm has a market capitalization of $482.32 million, a PE ratio of 41.39, a P/E/G ratio of 0.76 and a beta of 1.47. Perion Network has a 1 year low of $7.00 and a 1 year high of $12.74. The company has a 50-day moving average of $8.98 and a 200-day moving average of $8.83.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in PERI. Y.D. More Investments Ltd raised its position in shares of Perion Network by 10.3% in the 4th quarter. Y.D. More Investments Ltd now owns 391,332 shares of the technology company's stock worth $3,346,000 after acquiring an additional 36,624 shares in the last quarter. Sanctuary Advisors LLC bought a new position in shares of Perion Network in the 4th quarter worth approximately $489,000. New York State Common Retirement Fund raised its position in shares of Perion Network by 23.2% in the 4th quarter. New York State Common Retirement Fund now owns 82,480 shares of the technology company's stock worth $699,000 after acquiring an additional 15,509 shares in the last quarter. Private Capital Management LLC raised its position in shares of Perion Network by 33.4% in the 3rd quarter. Private Capital Management LLC now owns 2,387,800 shares of the technology company's stock worth $18,816,000 after acquiring an additional 598,228 shares in the last quarter. Finally, SBI Securities Co. Ltd. bought a new position in shares of Perion Network in the 4th quarter worth approximately $45,000. Institutional investors own 68.12% of the company's stock.

Perion Network Company Profile

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.