A number of other brokerages also recently weighed in on PERI. StockNews.com downgraded Perion Network from a strong-buy rating to a buy rating in a report on Monday, July 11th. Needham & Company LLC initiated coverage on Perion Network in a report on Friday, July 1st. They set a buy rating and a $32.00 price target for the company. Five analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, Perion Network currently has an average rating of Buy and a consensus target price of $32.80.
Perion Network Stock Down 0.6 %
NASDAQ PERI opened at $19.24 on Tuesday. The company has a market capitalization of $854.66 million, a price-to-earnings ratio of 15.43, a PEG ratio of 0.48 and a beta of 1.29. Perion Network has a twelve month low of $16.41 and a twelve month high of $33.09. The stock has a fifty day simple moving average of $18.83 and a 200 day simple moving average of $20.64.
Hedge Funds Weigh In On Perion Network
Several large investors have recently added to or reduced their stakes in PERI. Covestor Ltd bought a new position in shares of Perion Network during the 4th quarter worth approximately $49,000. Steward Partners Investment Advisory LLC bought a new position in shares of Perion Network during the 4th quarter worth approximately $72,000. BNP Paribas Arbitrage SA bought a new position in shares of Perion Network during the 4th quarter worth approximately $107,000. KRS Capital Management LLC bought a new position in shares of Perion Network during the 4th quarter worth approximately $108,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank bought a new position in shares of Perion Network during the 4th quarter worth approximately $148,000. Institutional investors own 46.52% of the company’s stock.
Perion Network Company Profile
Perion Network Ltd. provides digital advertising solutions to brands, agencies, and publishers in North America, Europe, and internationally. It provides 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.
- Get a free copy of the StockNews.com research report on Perion Network (PERI)
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