Shares of Perion Network Ltd. (NASDAQ:PERI – Get Free Report) have earned a consensus rating of “Hold” from the six ratings firms that are presently covering the stock, Marketbeat reports. Five investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The average 12-month price objective among analysts that have covered the stock in the last year is $12.13.
A number of research analysts recently weighed in on PERI shares. Stifel Nicolaus decreased their price target on shares of Perion Network from $9.00 to $7.50 and set a “hold” rating on the stock in a research note on Monday, October 14th. Lake Street Capital raised Perion Network from a “hold” rating to a “buy” rating and set a $10.00 price target on the stock in a research note on Wednesday, July 31st. Finally, Needham & Company LLC reiterated a “hold” rating on shares of Perion Network in a research report on Thursday, November 7th.
Institutional Investors Weigh In On Perion Network
Perion Network Stock Up 0.4 %
PERI opened at $8.55 on Tuesday. The firm’s fifty day simple moving average is $8.21 and its two-hundred day simple moving average is $8.93. Perion Network has a 52-week low of $7.47 and a 52-week high of $32.99. The company has a market cap of $404.50 million, a price-to-earnings ratio of 9.19, a PEG ratio of 0.43 and a beta of 1.47.
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.
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