Perion Network (NASDAQ:PERI) Stock Passes Above 200-Day Moving Average – What’s Next?

Perion Network Ltd (NASDAQ:PERI)’s share price passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $9.87 and traded as high as $9.92. Perion Network shares last traded at $9.8160, with a volume of 84,429 shares traded.

Analyst Ratings Changes

A number of analysts recently weighed in on the stock. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Perion Network in a research report on Wednesday, October 8th. Roth Capital restated a “buy” rating and set a $14.50 price objective (up previously from $14.00) on shares of Perion Network in a research note on Thursday, November 13th. Lake Street Capital upped their target price on Perion Network from $14.00 to $15.00 and gave the stock a “buy” rating in a research report on Thursday, November 13th. Finally, Craig Hallum set a $14.00 target price on Perion Network and gave the company a “buy” rating in a report on Monday, October 13th. Four analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $14.38.

Perion Network Stock Down 0.1%

The company has a market capitalization of $402.55 million, a price-to-earnings ratio of -37.75, a P/E/G ratio of 1.09 and a beta of 1.60. The firm has a 50 day moving average price of $9.74 and a two-hundred day moving average price of $9.87.

Institutional Investors Weigh In On Perion Network

Hedge funds and other institutional investors have recently bought and sold shares of the business. Osaic Holdings Inc. boosted its stake in shares of Perion Network by 209.9% during the 2nd quarter. Osaic Holdings Inc. now owns 2,721 shares of the technology company’s stock valued at $28,000 after buying an additional 1,843 shares during the last quarter. Caption Management LLC acquired a new stake in Perion Network in the first quarter valued at $60,000. Advisory Services Network LLC bought a new position in Perion Network during the 3rd quarter valued at $77,000. Tripletail Wealth Management LLC acquired a new position in Perion Network during the 3rd quarter worth $95,000. Finally, Virtu Financial LLC bought a new stake in shares of Perion Network in the 3rd quarter worth about $100,000. 68.12% of the stock is currently owned by hedge funds and other institutional investors.

About Perion Network

Perion Network Ltd. (NASDAQ: PERI) is a digital advertising technology company that offers a suite of solutions designed for both brand marketers and performance-driven advertisers. The firm’s platform integrates search monetization, programmatic display, video and connected TV (CTV) advertising to help clients reach and engage audiences across desktop, mobile and television environments. Through proprietary algorithms and AI-driven tools, Perion’s technology optimizes ad placements in real time, aiming to boost campaign efficiency and return on investment for publishers and advertisers alike.

Key offerings include search engine marketing services that cover major platforms such as Google and Bing, native and display advertising solutions under its Undertone brand, as well as social and video ad formats.