Roth Capital Reiterates “Buy” Rating for Perion Network (NASDAQ:PERI)

Perion Network (NASDAQ:PERI)‘s stock had its “buy” rating restated by research analysts at Roth Capital in a research report issued to clients and investors on Thursday,Benzinga reports. They currently have a $14.50 price objective on the technology company’s stock, up from their prior price objective of $14.00. Roth Capital’s price objective suggests a potential upside of 43.56% from the stock’s previous close.

PERI has been the topic of a number of other reports. Craig Hallum set a $14.00 target price on Perion Network and gave the stock a “buy” rating in a research report on Monday, October 13th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Perion Network in a research note on Wednesday, October 8th. Finally, Wall Street Zen raised shares of Perion Network from a “hold” rating to a “buy” rating in a research report on Saturday, August 16th. Four analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $14.38.

Perion Network Stock Performance

NASDAQ PERI opened at $10.10 on Thursday. The stock has a market capitalization of $452.73 million, a P/E ratio of -84.17, a P/E/G ratio of 0.83 and a beta of 1.55. Perion Network has a 1 year low of $6.99 and a 1 year high of $11.79. The business’s fifty day moving average is $9.52 and its two-hundred day moving average is $9.94.

Institutional Trading of Perion Network

Institutional investors have recently made changes to their positions in the stock. Osaic Holdings Inc. increased its stake 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 buying an additional 1,843 shares during the period. Caption Management LLC acquired a new stake in shares of Perion Network during the 1st quarter valued at $60,000. Tripletail Wealth Management LLC purchased a new position in shares of Perion Network during the 3rd quarter valued at $95,000. Virtu Financial LLC purchased a new position in shares of Perion Network during the 3rd quarter valued at $100,000. Finally, Vanguard Personalized Indexing Management LLC acquired a new position in shares of Perion Network in the third quarter worth $107,000. 68.12% of the stock is currently owned by institutional investors and hedge funds.

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.