Public Employees Retirement System of Ohio bought a new position in shares of Perion Network Ltd. (NASDAQ:PERI - Free Report) during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 83,234 shares of the technology company's stock, valued at approximately $658,000. Public Employees Retirement System of Ohio owned approximately 0.18% of Perion Network as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other large investors also recently bought and sold shares of PERI. XTX Topco Ltd purchased a new stake in shares of Perion Network in the 3rd quarter worth about $150,000. Petrus Trust Company LTA lifted its holdings in shares of Perion Network by 363.0% in the third quarter. Petrus Trust Company LTA now owns 100,324 shares of the technology company's stock valued at $791,000 after purchasing an additional 78,656 shares in the last quarter. Point72 Asset Management L.P. acquired a new stake in shares of Perion Network in the third quarter valued at approximately $134,000. Clearline Capital LP purchased a new position in shares of Perion Network during the 3rd quarter worth approximately $2,221,000. Finally, PDT Partners LLC raised its position in shares of Perion Network by 58.8% during the 3rd quarter. PDT Partners LLC now owns 175,345 shares of the technology company's stock worth $1,382,000 after purchasing an additional 64,936 shares during the last quarter. Institutional investors and hedge funds own 68.12% of the company's stock.
Perion Network Stock Performance
Perion Network stock traded up $0.03 during midday trading on Friday, reaching $8.21. The stock had a trading volume of 252,289 shares, compared to its average volume of 630,459. The stock's 50-day simple moving average is $8.51 and its 200 day simple moving average is $8.53. Perion Network Ltd. has a twelve month low of $7.47 and a twelve month high of $31.60. The stock has a market capitalization of $388.39 million, a PE ratio of 8.83, a price-to-earnings-growth ratio of 0.47 and a beta of 1.47.
Analysts Set New Price Targets
A number of brokerages have weighed in on PERI. Needham & Company LLC reissued a "hold" rating on shares of Perion Network in a research note on Thursday, November 7th. Stifel Nicolaus reduced 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. Six analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat.com, Perion Network presently has a consensus rating of "Hold" and a consensus price target of $12.13.
Get Our Latest Research Report on Perion Network
Perion Network Company Profile
(
Free Report)
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.
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