Perion Network Ltd (NASDAQ:PERI) Receives Consensus Rating of “Moderate Buy” from Analysts

Shares of Perion Network Ltd (NASDAQ:PERI) have been given a consensus recommendation of “Moderate Buy” by the six ratings firms that are covering the stock, MarketBeat reports. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and four have given a buy rating to the company. The average 12-month price objective among brokers that have updated their coverage on the stock in the last year is $14.00.

Several brokerages have recently commented on PERI. Weiss Ratings restated a “sell (d+)” rating on shares of Perion Network in a research report on Wednesday, October 8th. Wall Street Zen upgraded shares of Perion Network from a “hold” rating to a “buy” rating in a research report on Saturday, August 16th. Finally, Craig Hallum set a $14.00 price objective on shares of Perion Network and gave the company a “buy” rating in a research report on Monday, October 13th.

Perion Network Price Performance

Shares of PERI stock opened at $9.19 on Wednesday. The company has a market capitalization of $411.94 million, a price-to-earnings ratio of -76.58, a PEG ratio of 0.83 and a beta of 1.54. Perion Network has a one year low of $6.99 and a one year high of $11.79. The company’s fifty day moving average price is $9.46 and its 200-day moving average price is $9.92.

Institutional Trading of Perion Network

Institutional investors and hedge funds have recently bought and sold shares of the stock. Osaic Holdings Inc. increased its holdings in Perion Network by 209.9% in the 2nd quarter. Osaic Holdings Inc. now owns 2,721 shares of the technology company’s stock valued at $28,000 after acquiring an additional 1,843 shares during the last quarter. Caption Management LLC bought a new stake in Perion Network in the 1st quarter valued at $60,000. Tripletail Wealth Management LLC bought a new stake in Perion Network in the 3rd quarter valued at $95,000. Vanguard Personalized Indexing Management LLC bought a new stake in Perion Network in the 3rd quarter valued at $107,000. Finally, R Squared Ltd bought a new stake in Perion Network in the 2nd quarter valued at $116,000. 68.12% of the stock is currently owned by institutional investors.

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.