BNP Paribas Financial Markets Buys 21,697 Shares of Perion Network Ltd. (NASDAQ:PERI)

BNP Paribas Financial Markets grew its stake in shares of Perion Network Ltd. (NASDAQ:PERI) by 89.1% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 46,053 shares of the technology company’s stock after buying an additional 21,697 shares during the period. BNP Paribas Financial Markets owned 0.09% of Perion Network worth $390,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. State of Tennessee Department of Treasury raised its stake in Perion Network by 42.0% during the 4th quarter. State of Tennessee Department of Treasury now owns 80,424 shares of the technology company’s stock worth $681,000 after acquiring an additional 23,803 shares during the period. Jump Financial LLC raised its position in shares of Perion Network by 150.1% during the 4th quarter. Jump Financial LLC now owns 44,659 shares of the technology company’s stock valued at $378,000 after purchasing an additional 26,799 shares during the period. Russell Investments Group Ltd. purchased a new position in shares of Perion Network during the 4th quarter valued at $41,000. ExodusPoint Capital Management LP purchased a new position in shares of Perion Network during the 4th quarter valued at $615,000. Finally, Perritt Capital Management Inc bought a new position in Perion Network in the 4th quarter worth $127,000. 68.12% of the stock is currently owned by institutional investors.

Perion Network Trading Down 1.7%

Shares of PERI stock opened at $10.76 on Monday. The stock has a market capitalization of $482.32 million, a price-to-earnings ratio of 41.39, a price-to-earnings-growth ratio of 0.76 and a beta of 1.47. Perion Network Ltd. has a 12-month low of $7.00 and a 12-month high of $12.74. The stock’s 50-day moving average price is $8.93 and its 200-day moving average price is $8.82.

Analyst Upgrades and Downgrades

A number of research firms have commented on PERI. Roth Capital set a $14.00 price target on Perion Network in a report on Wednesday, May 14th. Wall Street Zen raised Perion Network from a “sell” rating to a “hold” rating in a research note on Wednesday, May 21st. Needham & Company LLC reissued a “hold” rating on shares of Perion Network in a report on Wednesday, May 14th. Roth Mkm upgraded Perion Network from a “neutral” rating to a “buy” rating and upped their price target for the stock from $9.00 to $14.00 in a research note on Wednesday, May 14th. Finally, Lake Street Capital increased their price objective on shares of Perion Network from $10.50 to $13.00 and gave the company a “buy” rating in a report on Wednesday, May 14th. Four analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Perion Network presently has a consensus rating of “Hold” and a consensus target price of $12.13.

Perion Network Company Profile

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.