Perion Network (NASDAQ:PERI) PT Raised to $28.00

Perion Network (NASDAQ:PERIGet Rating) had its price objective increased by equities research analysts at Raymond James from $25.00 to $28.00 in a report released on Thursday, Benzinga reports. The firm presently has an “outperform” rating on the technology company’s stock. Raymond James’ price target would indicate a potential upside of 35.53% from the stock’s previous close.

Several other research analysts have also weighed in on PERI. StockNews.com lowered shares of Perion Network from a “strong-buy” rating to a “buy” rating in a research note on Monday, July 11th. Needham & Company LLC started coverage on shares of Perion Network in a research note on Friday, July 1st. They set a “buy” rating and a $32.00 target price for the company. Five analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus price target of $33.25.

Perion Network Price Performance

Shares of PERI stock opened at $20.66 on Thursday. The firm has a market cap of $917.72 million, a PE ratio of 14.15, a price-to-earnings-growth ratio of 0.53 and a beta of 1.24. The company has a 50-day moving average of $18.96 and a two-hundred day moving average of $20.60. Perion Network has a 1-year low of $16.41 and a 1-year high of $33.09.

Institutional Trading of Perion Network

Several hedge funds have recently added to or reduced their stakes in the company. Acadian Asset Management LLC raised its holdings in Perion Network by 20.2% in the first quarter. Acadian Asset Management LLC now owns 1,704,203 shares of the technology company’s stock valued at $38,307,000 after acquiring an additional 286,940 shares in the last quarter. Private Capital Management LLC raised its holdings in Perion Network by 3.2% during the first quarter. Private Capital Management LLC now owns 1,630,540 shares of the technology company’s stock worth $36,671,000 after purchasing an additional 50,935 shares in the last quarter. Victory Capital Management Inc. raised its holdings in Perion Network by 3.2% during the second quarter. Victory Capital Management Inc. now owns 1,287,045 shares of the technology company’s stock worth $23,398,000 after purchasing an additional 40,052 shares in the last quarter. Clal Insurance Enterprises Holdings Ltd raised its holdings in Perion Network by 861.2% during the fourth quarter. Clal Insurance Enterprises Holdings Ltd now owns 1,201,450 shares of the technology company’s stock worth $28,895,000 after purchasing an additional 1,076,450 shares in the last quarter. Finally, Vanguard Group Inc. raised its holdings in Perion Network by 38.3% during the first quarter. Vanguard Group Inc. now owns 1,186,776 shares of the technology company’s stock worth $26,691,000 after purchasing an additional 328,422 shares in the last quarter. Institutional investors and hedge funds own 46.52% of the company’s stock.

Perion Network Company Profile

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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.

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