PERI has been the topic of several other research reports. Zacks Investment Research cut Perion Network from a buy rating to a hold rating in a research report on Tuesday, July 23rd. TheStreet cut Perion Network from a c rating to a d+ rating in a research report on Wednesday, July 17th. Finally, Lake Street Capital assumed coverage on Perion Network in a research report on Monday, July 8th. They set a buy rating and a $6.00 target price on the stock. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and one has given a buy rating to the company’s stock. Perion Network currently has a consensus rating of Hold and a consensus target price of $5.42.
Shares of NASDAQ PERI traded up $0.13 during midday trading on Thursday, hitting $4.63. 361,703 shares of the stock traded hands, compared to its average volume of 251,313. The company has a market capitalization of $116.33 million, a P/E ratio of 14.94, a PEG ratio of 2.34 and a beta of 1.03. Perion Network has a one year low of $2.47 and a one year high of $4.72. The company’s 50 day moving average is $3.51. The company has a current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 0.24.
An institutional investor recently raised its position in Perion Network stock. Meitav Dash Investments Ltd. lifted its stake in shares of Perion Network Ltd (NASDAQ:PERI) by 30.3% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 17,210 shares of the technology company’s stock after buying an additional 4,000 shares during the period. Meitav Dash Investments Ltd. owned about 0.07% of Perion Network worth $47,000 at the end of the most recent quarter. Institutional investors own 10.38% of the company’s stock.
Perion Network Company Profile
Perion Network Ltd. is a global technology company, which engages in the provision of advertising solutions to brands and publishers through innovative platforms. It is committed to providing data-driven execution, from high-impact ad formats to branded search and a unified social and mobile programmatic platform.
Further Reading: Asset Allocation, Balancing Your Investments
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