Lake Street Capital Boosts Perion Network (NASDAQ:PERI) Price Target to $15.00

Perion Network (NASDAQ:PERI) had its price objective lifted by equities researchers at Lake Street Capital from $14.00 to $15.00 in a note issued to investors on Thursday,Benzinga reports. The firm currently has a “buy” rating on the technology company’s stock. Lake Street Capital’s target price points to a potential upside of 48.51% from the stock’s previous close.

A number of other research analysts have also commented on the company. Craig Hallum set a $14.00 target price on Perion Network and gave the company a “buy” rating in a research note on Monday, October 13th. Wall Street Zen upgraded shares of Perion Network from a “hold” rating to a “buy” rating in a research note on Saturday, August 16th. Weiss Ratings reiterated a “sell (d+)” rating on shares of Perion Network in a research report on Wednesday, October 8th. Finally, Roth Capital reissued a “buy” rating and issued a $14.50 target price (up previously from $14.00) on shares of Perion Network in a research note on Thursday. Four research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $14.38.

Perion Network Stock Down 0.6%

PERI stock opened at $10.10 on Thursday. The business’s 50-day simple moving average is $9.52 and its 200 day simple moving average is $9.94. The company has a market cap of $452.73 million, a PE ratio of -84.17, a price-to-earnings-growth ratio of 0.83 and a beta of 1.55. Perion Network has a twelve month low of $6.99 and a twelve month high of $11.79.

Institutional Trading of Perion Network

Several large investors have recently added to or reduced their stakes in the company. Value Base Ltd. acquired a new stake in shares of Perion Network during the first quarter worth approximately $18,799,000. Phoenix Financial Ltd. increased its holdings in Perion Network by 2.5% during the 1st quarter. Phoenix Financial Ltd. now owns 2,279,380 shares of the technology company’s stock valued at $18,554,000 after purchasing an additional 54,909 shares in the last quarter. Vanguard Group Inc. raised its position in Perion Network by 0.9% in the 3rd quarter. Vanguard Group Inc. now owns 1,713,232 shares of the technology company’s stock valued at $16,558,000 after purchasing an additional 14,563 shares during the last quarter. Migdal Insurance & Financial Holdings Ltd. boosted its stake in Perion Network by 37.9% in the second quarter. Migdal Insurance & Financial Holdings Ltd. now owns 1,511,885 shares of the technology company’s stock worth $15,346,000 after purchasing an additional 415,912 shares in the last quarter. Finally, Systematic Financial Management LP grew its holdings in shares of Perion Network by 1.7% during the second quarter. Systematic Financial Management LP now owns 725,071 shares of the technology company’s stock worth $7,359,000 after purchasing an additional 11,894 shares during the last quarter. 68.12% of the stock is owned by institutional investors.

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.