Perion Network (NASDAQ:PERI) Stock Rating Upgraded by Roth Mkm

Perion Network (NASDAQ:PERI) was upgraded by research analysts at Roth Mkm from a “neutral” rating to a “buy” rating in a research report issued on Wednesday,Benzinga reports. The brokerage presently has a $14.00 target price on the technology company’s stock, up from their previous target price of $9.00. Roth Mkm’s price objective suggests a potential upside of 29.51% from the company’s current price.

PERI has been the topic of several other research reports. Needham & Company LLC reissued a “hold” rating on shares of Perion Network in a research note on Wednesday. Roth Capital set a $14.00 price target on Perion Network in a research note on Wednesday. StockNews.com lowered Perion Network from a “hold” rating to a “sell” rating in a research note on Tuesday. Finally, Lake Street Capital reissued a “buy” rating and set a $10.50 price target (down previously from $11.00) on shares of Perion Network in a research note on Wednesday, February 19th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and three have given a buy rating to the company. According to MarketBeat.com, Perion Network currently has an average rating of “Hold” and a consensus target price of $12.13.

Perion Network Stock Down 5.0%

Shares of NASDAQ:PERI opened at $10.81 on Wednesday. The company has a market cap of $484.56 million, a P/E ratio of 41.58, a PEG ratio of 0.76 and a beta of 1.47. Perion Network has a 52 week low of $7.00 and a 52 week high of $12.74. The company has a 50-day moving average price of $8.66 and a 200 day moving average price of $8.72.

Perion Network (NASDAQ:PERI) last announced its quarterly earnings data on Wednesday, February 19th. The technology company reported $0.19 EPS for the quarter, missing analysts’ consensus estimates of $0.34 by ($0.15). The firm had revenue of $129.58 million during the quarter, compared to analyst estimates of $130.44 million. Perion Network had a net margin of 2.53% and a return on equity of 5.55%. Analysts expect that Perion Network will post 0.51 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Perkins Capital Management Inc. raised its stake in shares of Perion Network by 4.2% in the 4th quarter. Perkins Capital Management Inc. now owns 55,450 shares of the technology company’s stock valued at $470,000 after purchasing an additional 2,240 shares in the last quarter. Two Sigma Advisers LP raised its stake in shares of Perion Network by 2.2% in the 4th quarter. Two Sigma Advisers LP now owns 116,600 shares of the technology company’s stock valued at $988,000 after purchasing an additional 2,500 shares in the last quarter. Orion Portfolio Solutions LLC raised its stake in shares of Perion Network by 8.5% in the 4th quarter. Orion Portfolio Solutions LLC now owns 34,707 shares of the technology company’s stock valued at $294,000 after purchasing an additional 2,711 shares in the last quarter. Russell Investments Group Ltd. acquired a new stake in shares of Perion Network in the 4th quarter valued at about $41,000. Finally, SBI Securities Co. Ltd. acquired a new stake in shares of Perion Network in the 4th quarter valued at about $45,000. 68.12% of the stock is currently owned by institutional investors and hedge funds.

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.