Perion Network Ltd. (NASDAQ:PERI) Shares Bought by Jump Financial LLC

Jump Financial LLC raised its holdings in Perion Network Ltd. (NASDAQ:PERI) by 150.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 44,659 shares of the technology company’s stock after purchasing an additional 26,799 shares during the period. Jump Financial LLC’s holdings in Perion Network were worth $378,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Tidal Investments LLC lifted its stake in Perion Network by 4.6% in the 3rd quarter. Tidal Investments LLC now owns 50,338 shares of the technology company’s stock valued at $397,000 after buying an additional 2,225 shares in the last quarter. Perkins Capital Management Inc. lifted its position in shares of Perion Network by 4.2% in the fourth quarter. Perkins Capital Management Inc. now owns 55,450 shares of the technology company’s stock valued at $470,000 after acquiring an additional 2,240 shares in the last quarter. Orion Portfolio Solutions LLC boosted its stake in shares of Perion Network by 8.5% in the fourth quarter. Orion Portfolio Solutions LLC now owns 34,707 shares of the technology company’s stock worth $294,000 after acquiring an additional 2,711 shares during the last quarter. Russell Investments Group Ltd. acquired a new position in Perion Network in the 4th quarter valued at $41,000. Finally, SBI Securities Co. Ltd. purchased a new position in Perion Network in the 4th quarter valued at $45,000. 68.12% of the stock is currently owned by hedge funds and other institutional investors.

Perion Network Price Performance

NASDAQ:PERI opened at $8.91 on Friday. The company’s 50-day moving average is $8.27 and its two-hundred day moving average is $8.55. The firm has a market capitalization of $399.39 million, a price-to-earnings ratio of 34.27, a PEG ratio of 0.76 and a beta of 1.35. Perion Network Ltd. has a 1-year low of $7.00 and a 1-year high of $13.49.

Perion Network (NASDAQ:PERI) last announced its quarterly earnings results on Wednesday, February 19th. The technology company reported $0.19 EPS for the quarter, missing the consensus estimate of $0.34 by ($0.15). The business had revenue of $129.58 million during the quarter, compared to analyst estimates of $130.44 million. Perion Network had a net margin of 2.53% and a return on equity of 5.55%. As a group, equities analysts anticipate that Perion Network Ltd. will post 0.51 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on PERI shares. StockNews.com cut shares of Perion Network from a “hold” rating to a “sell” rating in a research report on Friday, April 4th. Lake Street Capital reissued a “buy” rating and issued a $10.50 target price (down from $11.00) on shares of Perion Network in a research note on Wednesday, February 19th. Finally, Needham & Company LLC restated a “hold” rating on shares of Perion Network in a research report on Thursday, April 17th. One analyst has rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $12.00.

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.