GSA Capital Partners LLP Has $603,000 Stock Position in Perion Network Ltd. (NASDAQ:PERI)

GSA Capital Partners LLP lifted its position in Perion Network Ltd. (NASDAQ:PERI - Free Report) by 436.2% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 76,463 shares of the technology company's stock after purchasing an additional 62,204 shares during the quarter. GSA Capital Partners LLP owned 0.16% of Perion Network worth $603,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of PERI. B. Riley Wealth Advisors Inc. acquired a new stake in shares of Perion Network during the 1st quarter valued at about $204,000. BigSur Wealth Management LLC acquired a new stake in Perion Network in the 2nd quarter valued at $84,000. Pitcairn Co. grew its position in Perion Network by 9.0% in the first quarter. Pitcairn Co. now owns 12,406 shares of the technology company's stock valued at $279,000 after acquiring an additional 1,027 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of Perion Network by 17.8% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 15,244 shares of the technology company's stock valued at $128,000 after acquiring an additional 2,299 shares during the period. Finally, Van ECK Associates Corp boosted its position in Perion Network by 9.7% in the second quarter. Van ECK Associates Corp now owns 16,540 shares of the technology company's stock valued at $138,000 after buying an additional 1,468 shares in the last quarter. 68.12% of the stock is owned by institutional investors.

Perion Network Stock Down 1.3 %

Shares of PERI stock traded down $0.11 during trading on Tuesday, reaching $8.41. 236,800 shares of the company's stock were exchanged, compared to its average volume of 663,291. The stock has a market capitalization of $397.88 million, a PE ratio of 9.16, a PEG ratio of 0.42 and a beta of 1.47. The firm's fifty day moving average price is $8.18 and its 200-day moving average price is $9.07. Perion Network Ltd. has a twelve month low of $7.47 and a twelve month high of $32.99.

Wall Street Analyst Weigh In

Several research firms recently weighed in on PERI. Stifel Nicolaus dropped their price objective on shares of Perion Network from $9.00 to $7.50 and set a "hold" rating for the company in a research report on Monday, October 14th. Needham & Company LLC reiterated a "hold" rating on shares of Perion Network in a report on Thursday, November 7th. Finally, Lake Street Capital raised shares of Perion Network from a "hold" rating to a "buy" rating and set a $10.00 target price for the company in a research note on Wednesday, July 31st. Six research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company's stock. According to data from MarketBeat.com, Perion Network presently has a consensus rating of "Hold" and an average price target of $12.13.

Perion Network 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.