Perion Network Ltd. (NASDAQ:PERI - Get Free Report) has received an average recommendation of "Hold" from the six ratings firms that are currently covering the stock, MarketBeat.com reports. Five analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The average 12-month price target among brokers that have covered the stock in the last year is $12.13.
Several analysts have commented on PERI shares. Needham & Company LLC reiterated a "hold" rating on shares of Perion Network in a research note on Thursday, November 7th. Stifel Nicolaus decreased their target price on Perion Network from $9.00 to $7.50 and set a "hold" rating on the stock in a research report on Monday, October 14th.
Check Out Our Latest Stock Report on Perion Network
Perion Network Stock Down 1.6 %
PERI stock traded down $0.14 during midday trading on Friday, hitting $8.55. The company's stock had a trading volume of 327,406 shares, compared to its average volume of 636,314. The firm has a market capitalization of $404.50 million, a price-to-earnings ratio of 9.19, a price-to-earnings-growth ratio of 0.47 and a beta of 1.47. Perion Network has a 12 month low of $7.47 and a 12 month high of $32.99. The company has a 50 day moving average of $8.45 and a two-hundred day moving average of $8.65.
Institutional Trading of Perion Network
A number of large investors have recently made changes to their positions in PERI. Acadian Asset Management LLC raised its holdings in Perion Network by 43.5% during the 2nd quarter. Acadian Asset Management LLC now owns 1,722,676 shares of the technology company's stock valued at $14,367,000 after buying an additional 522,424 shares during the period. Clearline Capital LP purchased a new stake in shares of Perion Network in the third quarter valued at $2,221,000. Y.D. More Investments Ltd lifted its holdings in shares of Perion Network by 580.4% in the 2nd quarter. Y.D. More Investments Ltd now owns 264,379 shares of the technology company's stock worth $2,191,000 after acquiring an additional 225,520 shares during the last quarter. Squarepoint Ops LLC lifted its holdings in shares of Perion Network by 997.5% in the 2nd quarter. Squarepoint Ops LLC now owns 133,815 shares of the technology company's stock worth $1,117,000 after acquiring an additional 121,622 shares during the last quarter. Finally, ARK Investment Management LLC boosted its stake in shares of Perion Network by 156.9% during the 2nd quarter. ARK Investment Management LLC now owns 192,002 shares of the technology company's stock worth $1,603,000 after purchasing an additional 117,253 shares during the period. 68.12% of the stock is currently owned by institutional investors.
Perion Network Company Profile
(
Get Free ReportPerion 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.
Recommended Stories
Before you consider Perion Network, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Perion Network wasn't on the list.
While Perion Network currently has a "Hold" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
If a company's CEO, COO, and CFO were all selling shares of their stock, would you want to know?
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
