Perion Network (NASDAQ:PERI) Given "Buy" Rating at Roth Capital

Perion Network (NASDAQ:PERI - Get Free Report)'s stock had its "buy" rating reissued by stock analysts at Roth Capital in a research note issued on Thursday,Benzinga reports. They presently have a $14.50 price target on the technology company's stock, up from their previous price target of $14.00. Roth Capital's price target would indicate a potential upside of 43.00% from the stock's previous close.

• Three AI Trades That Could Double This Year

Several other equities analysts have also recently weighed in on the company. Weiss Ratings reiterated a "sell (d+)" rating on shares of Perion Network in a report on Wednesday, October 8th. Craig Hallum set a $14.00 price objective on Perion Network and gave the stock a "buy" rating in a research report on Monday, October 13th. Finally, Wall Street Zen upgraded Perion Network from a "hold" rating to a "buy" rating in a report on Saturday, August 16th. Four analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $14.13.

Check Out Our Latest Stock Report on PERI

Perion Network Price Performance

• Perion Network Is Monetizing The Internet And Delivering Value

Shares of PERI traded down $0.35 during mid-day trading on Thursday, reaching $10.14. The company had a trading volume of 192,509 shares, compared to its average volume of 387,515. The company's 50-day moving average is $9.48 and its 200-day moving average is $9.93. Perion Network has a twelve month low of $6.99 and a twelve month high of $11.79. The company has a market capitalization of $454.53 million, a P/E ratio of -84.50, a P/E/G ratio of 0.83 and a beta of 1.55.

Hedge Funds Weigh In On Perion Network

Several institutional investors and hedge funds have recently bought and sold shares of PERI. WINTON GROUP Ltd purchased a new stake in shares of Perion Network during the third quarter worth about $355,000. Orion Porfolio Solutions LLC lifted its holdings in Perion Network by 45.0% in the 3rd quarter. Orion Porfolio Solutions LLC now owns 90,387 shares of the technology company's stock worth $868,000 after buying an additional 28,059 shares during the period. Equitable Trust Co. grew its position in shares of Perion Network by 2.2% in the 3rd quarter. Equitable Trust Co. now owns 100,895 shares of the technology company's stock worth $969,000 after buying an additional 2,215 shares during the last quarter. Y.D. More Investments Ltd increased its stake in shares of Perion Network by 19.7% during the third quarter. Y.D. More Investments Ltd now owns 27,012 shares of the technology company's stock valued at $262,000 after buying an additional 4,447 shares during the period. Finally, Vanguard Group Inc. raised its holdings in shares of Perion Network by 0.9% during the third quarter. Vanguard Group Inc. now owns 1,713,232 shares of the technology company's stock valued at $16,558,000 after acquiring an additional 14,563 shares in the last quarter. 68.12% of the stock is currently owned by institutional investors.

Perion Network Company Profile

• Perion Network Stock is a Digital Monetization Play

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.

Featured Stories

• Five stocks we like better than Perion Network
• 3 Stocks to Consider Buying in October
• AMD to $300 Looks Easy—Here’s Why $500 Could Be Next
• Stock Average Calculator
• $5B+ in Buybacks: What DraftKings, AppLovin, and Altria Are Telling You
• How to Evaluate a Stock Before Buying
• 4 High-Yield Real Estate Stocks to Buy as Investors Get Defensive

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Should You Invest $1,000 in Perion Network Right Now?

Before you consider Perion Network, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Perion Network wasn't on the list.

While Perion Network currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here