Perion Network (NASDAQ:PERI) Receives “Buy” Rating from Roth Capital

Roth Capital reaffirmed their buy rating on shares of Perion Network (NASDAQ:PERI) in a report issued on Thursday,Benzinga reports. Roth Capital currently has a $14.50 price target on the technology company’s stock, up from their previous price target of $14.00.

Other equities analysts also recently issued reports about the company. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Perion Network in a research report on Wednesday, October 8th. Craig Hallum set a $14.00 target price on shares of Perion Network and gave the stock a “buy” rating in a report on Monday, October 13th. Finally, Wall Street Zen upgraded Perion Network from a “hold” rating to a “buy” rating in a research report on Saturday, August 16th. Four equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, Perion Network has a consensus rating of “Moderate Buy” and a consensus price target of $14.38.

Perion Network Price Performance

Shares of Perion Network stock traded down $0.06 during trading on Thursday, hitting $10.10. The stock had a trading volume of 353,476 shares, compared to its average volume of 388,550. Perion Network has a 12 month low of $6.99 and a 12 month high of $11.79. The firm’s fifty day simple moving average is $9.52 and its 200-day simple moving average is $9.94. The stock has a market cap of $452.73 million, a PE ratio of -84.17, a PEG ratio of 0.83 and a beta of 1.55.

Hedge Funds Weigh In On Perion Network

A number of large investors have recently bought and sold shares of the company. Osaic Holdings Inc. grew its position in Perion Network by 209.9% during the second quarter. Osaic Holdings Inc. now owns 2,721 shares of the technology company’s stock worth $28,000 after buying an additional 1,843 shares during the period. Caption Management LLC acquired a new stake in Perion Network during the 1st quarter worth approximately $60,000. Tripletail Wealth Management LLC acquired a new position in shares of Perion Network during the third quarter worth about $95,000. Virtu Financial LLC purchased a new stake in Perion Network during the 3rd quarter worth $100,000. Finally, Vanguard Personalized Indexing Management LLC bought a new stake in shares of Perion Network in the third quarter worth $107,000. Hedge funds and other institutional investors own 68.12% of the company’s stock.

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.