Ritholtz Wealth Management Sells 1,294 Shares of Perion Network Ltd $PERI

Ritholtz Wealth Management decreased its position in Perion Network Ltd (NASDAQ:PERIFree Report) by 10.6% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 10,908 shares of the technology company’s stock after selling 1,294 shares during the quarter. Ritholtz Wealth Management’s holdings in Perion Network were worth $111,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in PERI. Value Base Ltd. bought a new stake in shares of Perion Network in the 1st quarter worth about $18,799,000. Murchinson Ltd. bought a new stake in shares of Perion Network in the 1st quarter worth about $2,274,000. Systematic Financial Management LP grew its holdings in shares of Perion Network by 10.0% in the 1st quarter. Systematic Financial Management LP now owns 713,177 shares of the technology company’s stock worth $5,805,000 after purchasing an additional 65,092 shares during the last quarter. Goldman Sachs Group Inc. grew its holdings in shares of Perion Network by 23.1% in the 1st quarter. Goldman Sachs Group Inc. now owns 343,723 shares of the technology company’s stock worth $2,798,000 after purchasing an additional 64,442 shares during the last quarter. Finally, Phoenix Financial Ltd. grew its holdings in shares of Perion Network by 2.5% in the 1st quarter. Phoenix Financial Ltd. now owns 2,279,380 shares of the technology company’s stock worth $18,554,000 after purchasing an additional 54,909 shares during the last quarter. Institutional investors own 68.12% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have commented on the stock. Craig Hallum set a $14.00 price objective on shares of Perion Network and gave the stock a “buy” rating in a report on Monday, October 13th. Wall Street Zen raised shares of Perion Network from a “hold” rating to a “buy” rating in a report on Saturday, August 16th. Lake Street Capital raised their target price on shares of Perion Network from $13.00 to $14.00 and gave the company a “buy” rating in a research note on Tuesday, July 1st. Finally, Weiss Ratings reiterated a “sell (d+)” rating on shares of Perion Network in a research report on Wednesday, October 8th. Four analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $14.00.

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Perion Network Price Performance

Perion Network stock opened at $9.49 on Thursday. The company’s 50 day simple moving average is $9.42 and its 200 day simple moving average is $9.78. Perion Network Ltd has a fifty-two week low of $6.99 and a fifty-two week high of $11.79. The firm has a market capitalization of $425.44 million, a price-to-earnings ratio of -79.08, a PEG ratio of 0.86 and a beta of 1.54.

Perion Network Profile

(Free Report)

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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Institutional Ownership by Quarter for Perion Network (NASDAQ:PERI)

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