Allworth Financial LP Purchases 23,820 Shares of Perion Network Ltd. (NASDAQ:PERI)

Allworth Financial LP grew its position in Perion Network Ltd. (NASDAQ:PERIFree Report) by 65.5% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 60,212 shares of the technology company’s stock after purchasing an additional 23,820 shares during the quarter. Allworth Financial LP owned approximately 0.13% of Perion Network worth $1,844,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Yelin Lapidot Holdings Management Ltd. bought a new position in Perion Network during the third quarter worth $4,248,000. Paradiem LLC boosted its stake in Perion Network by 58.0% during the third quarter. Paradiem LLC now owns 25,304 shares of the technology company’s stock worth $775,000 after acquiring an additional 9,286 shares in the last quarter. Y.D. More Investments Ltd bought a new position in Perion Network during the third quarter worth $1,347,000. Harel Insurance Investments & Financial Services Ltd. boosted its stake in Perion Network by 46.6% during the third quarter. Harel Insurance Investments & Financial Services Ltd. now owns 2,972,744 shares of the technology company’s stock worth $91,055,000 after acquiring an additional 945,194 shares in the last quarter. Finally, Meitav Investment House Ltd. boosted its stake in Perion Network by 62.7% during the third quarter. Meitav Investment House Ltd. now owns 998,854 shares of the technology company’s stock worth $30,644,000 after acquiring an additional 385,010 shares in the last quarter. 60.75% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research analysts recently issued reports on PERI shares. StockNews.com raised shares of Perion Network from a “hold” rating to a “buy” rating in a research note on Saturday, December 23rd. Needham & Company LLC lowered their price objective on shares of Perion Network from $42.00 to $35.00 and set a “buy” rating on the stock in a report on Wednesday, November 1st. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $39.20.

Get Our Latest Analysis on PERI

Perion Network Price Performance

PERI opened at $28.22 on Thursday. The company’s 50-day moving average is $29.17 and its 200 day moving average is $30.80. Perion Network Ltd. has a fifty-two week low of $24.16 and a fifty-two week high of $42.75. The firm has a market capitalization of $1.30 billion, a P/E ratio of 12.01, a PEG ratio of 0.45 and a beta of 1.36.

Perion Network (NASDAQ:PERIGet Free Report) last released its quarterly earnings results on Wednesday, November 1st. The technology company reported $0.76 earnings per share for the quarter, beating analysts’ consensus estimates of $0.70 by $0.06. Perion Network had a net margin of 16.24% and a return on equity of 23.24%. The company had revenue of $185.31 million for the quarter, compared to analyst estimates of $184.48 million. On average, equities research analysts expect that Perion Network Ltd. will post 3 earnings per share for the current year.

Perion Network Profile

(Free Report)

Perion Network Ltd. provides digital advertising solutions to brands, agencies, and publishers in North America, Europe, and internationally. It provides 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.

See Also

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

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