Brokerages Set Perion Network Ltd. (NASDAQ:PERI) Target Price at $12.13

Perion Network Ltd. (NASDAQ:PERI - Get Free Report) has been given a consensus recommendation of "Hold" by the six research firms that are presently covering the stock, MarketBeat Ratings reports. Five research analysts have rated the stock with a hold rating and one has given a buy rating to the company. The average 12 month price target among analysts that have issued a report on the stock in the last year is $12.13.

PERI has been the subject of several research analyst reports. Stifel Nicolaus decreased their price target on shares of Perion Network from $9.00 to $7.50 and set a "hold" rating for the company in a report on Monday, October 14th. Needham & Company LLC restated a "hold" rating on shares of Perion Network in a report on Thursday, November 7th.

Institutional Investors Weigh In On Perion Network

Several institutional investors have recently bought and sold shares of PERI. Acadian Asset Management LLC increased its position in shares of Perion Network by 43.5% in the second quarter. Acadian Asset Management LLC now owns 1,722,676 shares of the technology company's stock valued at $14,367,000 after acquiring an additional 522,424 shares during the last quarter. Clearline Capital LP acquired a new position in shares of Perion Network during the 3rd quarter worth approximately $2,221,000. Y.D. More Investments Ltd raised its stake in shares of Perion Network by 580.4% during the 2nd quarter. Y.D. More Investments Ltd now owns 264,379 shares of the technology company's stock worth $2,191,000 after purchasing an additional 225,520 shares in the last quarter. Squarepoint Ops LLC raised its stake in shares of Perion Network by 997.5% during the 2nd quarter. Squarepoint Ops LLC now owns 133,815 shares of the technology company's stock worth $1,117,000 after purchasing an additional 121,622 shares in the last quarter. Finally, JPMorgan Chase & Co. boosted its holdings in shares of Perion Network by 39.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 378,667 shares of the technology company's stock valued at $2,984,000 after buying an additional 107,278 shares during the last quarter. Institutional investors own 68.12% of the company's stock.

Perion Network Stock Down 1.6 %

Perion Network stock traded down $0.14 during midday trading on Wednesday, hitting $8.70. 252,931 shares of the stock were exchanged, compared to its average volume of 337,746. Perion Network has a 52 week low of $7.47 and a 52 week high of $31.38. The stock has a market capitalization of $418.70 million, a PE ratio of 9.35, a P/E/G ratio of 0.45 and a beta of 1.46. The company has a fifty day simple moving average of $8.63 and a two-hundred day simple moving average of $8.40.

About Perion Network

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.