Lake Street Capital Issues Positive Forecast for Perion Network (NASDAQ:PERI) Stock Price

Perion Network (NASDAQ:PERI) had its price target hoisted by Lake Street Capital from $13.00 to $14.00 in a report published on Tuesday,Benzinga reports. The firm currently has a buy rating on the technology company’s stock.

A number of other research firms have also weighed in on PERI. Wall Street Zen upgraded shares of Perion Network from a “sell” rating to a “hold” rating in a report on Wednesday, May 21st. Needham & Company LLC reaffirmed a “hold” rating on shares of Perion Network in a research report on Wednesday, May 14th. Roth Mkm upgraded Perion Network from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $9.00 to $14.00 in a research report on Wednesday, May 14th. Finally, Roth Capital set a $14.00 target price on Perion Network in a research note on Wednesday, May 14th. Three research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $12.38.

Perion Network Stock Up 0.6%

Shares of PERI opened at $11.09 on Tuesday. The stock has a market capitalization of $497.16 million, a P/E ratio of -65.24, a PEG ratio of 1.08 and a beta of 1.44. Perion Network has a twelve month low of $7.00 and a twelve month high of $11.79. The firm has a fifty day simple moving average of $10.13 and a two-hundred day simple moving average of $9.11.

Hedge Funds Weigh In On Perion Network

A number of institutional investors have recently bought and sold shares of the stock. Goldman Sachs Group Inc. grew its holdings in shares of Perion Network by 23.1% during the 1st quarter. Goldman Sachs Group Inc. now owns 343,723 shares of the technology company’s stock worth $2,798,000 after acquiring an additional 64,442 shares during the period. Murchinson Ltd. bought a new stake in shares of Perion Network during the first quarter valued at approximately $2,274,000. NewEdge Advisors LLC purchased a new stake in Perion Network in the first quarter worth $160,000. PDT Partners LLC raised its holdings in Perion Network by 23.9% in the first quarter. PDT Partners LLC now owns 142,640 shares of the technology company’s stock worth $1,161,000 after purchasing an additional 27,543 shares in the last quarter. Finally, Caption Management LLC bought a new position in Perion Network in the first quarter worth $60,000. 68.12% of the stock is owned by institutional investors.

Perion Network Company Profile

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.