Perion Network Ltd (NASDAQ:PERI) Given Average Rating of “Moderate Buy” by Brokerages

Perion Network Ltd (NASDAQ:PERI) has received an average recommendation of “Moderate Buy” from the six brokerages that are presently covering the firm, Marketbeat reports. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and four have assigned a buy rating to the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $14.3750.

PERI has been the topic of a number of research analyst reports. Craig Hallum set a $14.00 price objective on shares of Perion Network and gave the company a “buy” rating in a research note on Monday, October 13th. Roth Capital reaffirmed a “buy” rating and set a $14.50 price target (up from $14.00) on shares of Perion Network in a research note on Thursday, November 13th. Wall Street Zen upgraded Perion Network from a “hold” rating to a “buy” rating in a research report on Saturday, August 16th. Lake Street Capital upped their price objective on Perion Network from $14.00 to $15.00 and gave the company a “buy” rating in a report on Thursday, November 13th. Finally, Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Perion Network in a research note on Wednesday, October 8th.

Hedge Funds Weigh In On Perion Network

Several large investors have recently made changes to their positions in the business. Advisory Services Network LLC bought a new stake in shares of Perion Network in the 3rd quarter worth approximately $77,000. Private Capital Management LLC boosted its holdings in Perion Network by 16.8% during the third quarter. Private Capital Management LLC now owns 3,751,278 shares of the technology company’s stock worth $36,012,000 after buying an additional 538,375 shares in the last quarter. Public Employees Retirement System of Ohio grew its position in Perion Network by 7.2% in the third quarter. Public Employees Retirement System of Ohio now owns 54,809 shares of the technology company’s stock worth $526,000 after buying an additional 3,664 shares during the last quarter. Millennium Management LLC acquired a new position in Perion Network in the third quarter worth approximately $837,000. Finally, Centiva Capital LP bought a new position in shares of Perion Network in the third quarter valued at $115,000. Institutional investors own 68.12% of the company’s stock.

Perion Network Trading Down 0.3%

Perion Network stock opened at $10.10 on Friday. The stock has a market cap of $414.20 million, a price-to-earnings ratio of -38.85, a PEG ratio of 1.12 and a beta of 1.60. The company’s 50-day moving average price is $9.64 and its two-hundred day moving average price is $9.94. Perion Network has a 52 week low of $6.99 and a 52 week high of $11.79.

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.