R Squared Ltd Takes Position in Perion Network Ltd $PERI

R Squared Ltd bought a new stake in Perion Network Ltd (NASDAQ:PERI) during the second quarter, HoldingsChannel.com reports. The institutional investor bought 11,469 shares of the technology company’s stock, valued at approximately $116,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Stableford Capital II LLC acquired a new position in Perion Network during the second quarter worth $451,000. Equitable Trust Co. grew its holdings in Perion Network by 12.3% during the second quarter. Equitable Trust Co. now owns 98,680 shares of the technology company’s stock worth $1,002,000 after acquiring an additional 10,780 shares during the period. Goldman Sachs Group Inc. grew its holdings in Perion Network by 23.1% during the first 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. acquired a new position in Perion Network during the first quarter worth $2,274,000. Finally, NewEdge Advisors LLC acquired a new position in Perion Network during the first quarter worth $160,000. Institutional investors and hedge funds own 68.12% of the company’s stock.

Analyst Upgrades and Downgrades

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

Perion Network Stock Up 2.4%

Shares of NASDAQ:PERI opened at $9.71 on Monday. Perion Network Ltd has a 52-week low of $6.99 and a 52-week high of $11.79. The stock’s fifty day simple moving average is $9.44 and its 200-day simple moving average is $9.85. The company has a market capitalization of $435.30 million, a P/E ratio of -80.92, a P/E/G ratio of 0.86 and a beta of 1.54.

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.