Y.D. More Investments Ltd Acquires 36,624 Shares of Perion Network Ltd. (NASDAQ:PERI)

Y.D. More Investments Ltd raised its holdings in Perion Network Ltd. (NASDAQ:PERI - Free Report) by 10.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 391,332 shares of the technology company's stock after acquiring an additional 36,624 shares during the period. Y.D. More Investments Ltd owned about 0.81% of Perion Network worth $3,346,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of the business. Clearline Capital LP bought a new stake in shares of Perion Network during the 3rd quarter valued at approximately $2,221,000. JPMorgan Chase & Co. boosted its position in Perion Network by 39.5% in the third 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 in the last quarter. Public Employees Retirement System of Ohio bought a new stake in shares of Perion Network during the third quarter worth $658,000. Petrus Trust Company LTA increased its holdings in shares of Perion Network by 363.0% during the third quarter. Petrus Trust Company LTA now owns 100,324 shares of the technology company's stock worth $791,000 after buying an additional 78,656 shares in the last quarter. Finally, PDT Partners LLC lifted its stake in shares of Perion Network by 58.8% in the 3rd quarter. PDT Partners LLC now owns 175,345 shares of the technology company's stock valued at $1,382,000 after acquiring an additional 64,936 shares during the last quarter. Institutional investors and hedge funds own 68.12% of the company's stock.

Analysts Set New Price Targets

A number of brokerages have issued reports on PERI. Stifel Nicolaus lowered their target price on 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 reaffirmed a "hold" rating on shares of Perion Network in a research note on Tuesday, January 21st. Six investment analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat.com, Perion Network presently has an average rating of "Hold" and a consensus target price of $12.13.

Perion Network Stock Performance

Shares of PERI stock traded down $0.05 on Friday, hitting $9.53. The company had a trading volume of 267,896 shares, compared to its average volume of 311,052. Perion Network Ltd. has a twelve month low of $7.47 and a twelve month high of $24.63. The firm has a market cap of $465.64 million, a P/E ratio of 10.25, a P/E/G ratio of 0.85 and a beta of 1.48. The stock's 50-day moving average is $8.82 and its two-hundred day moving average is $8.49.

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.