Fox Run Management L.L.C. Takes $399,000 Position in Perion Network Ltd $PERI

Fox Run Management L.L.C. purchased a new position in Perion Network Ltd (NASDAQ:PERI) during the second quarter, HoldingsChannel reports. The firm purchased 39,335 shares of the technology company’s stock, valued at approximately $399,000.

A number of other hedge funds also recently bought and sold shares of PERI. Caption Management LLC bought a new position in Perion Network in the first quarter valued at about $60,000. R Squared Ltd purchased a new stake in shares of Perion Network during the 2nd quarter valued at about $116,000. NewEdge Advisors LLC bought a new position in shares of Perion Network in the 1st quarter worth approximately $160,000. Stableford Capital II LLC purchased a new position in shares of Perion Network in the second quarter worth approximately $451,000. Finally, Jump Financial LLC boosted its holdings in shares of Perion Network by 31.5% in the first quarter. Jump Financial LLC now owns 58,709 shares of the technology company’s stock worth $478,000 after buying an additional 14,050 shares during the last quarter. Hedge funds and other institutional investors own 68.12% of the company’s stock.

Perion Network Price Performance

Shares of NASDAQ PERI opened at $10.49 on Thursday. The stock has a market cap of $470.21 million, a PE ratio of -87.42, a price-to-earnings-growth ratio of 0.83 and a beta of 1.55. Perion Network Ltd has a 1 year low of $6.99 and a 1 year high of $11.79. The firm has a fifty day moving average price of $9.48 and a 200-day moving average price of $9.93.

Analysts Set New Price Targets

A number of brokerages have commented on PERI. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Perion Network in a report on Wednesday, October 8th. Wall Street Zen upgraded Perion Network from a “hold” rating to a “buy” rating in a research note on Saturday, August 16th. Finally, Craig Hallum set a $14.00 target price on Perion Network and gave the company a “buy” rating in a research report on Monday, October 13th. Four investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, Perion Network has an average rating of “Moderate Buy” and a consensus price target of $14.00.

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.