Qube Research & Technologies Ltd Trims Position in Perion Network Ltd. (NASDAQ:PERI) – Defense World
Posted by admin on Aug 20th, 2022 
Qube Research & Technologies Ltd reduced its position in Perion Network Ltd. (NASDAQ:PERI – Get Rating) by 2.6% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 31,843 shares of the technology company’s stock after selling 843 shares during the quarter. Qube Research & Technologies Ltd owned about 0.07% of Perion Network worth $716,000 as of its most recent filing with the Securities and Exchange Commission.
Other large investors have also made changes to their positions in the company. Harel Insurance Investments & Financial Services Ltd. purchased a new position in shares of Perion Network in the 4th quarter worth $228,000. Renaissance Group LLC purchased a new position in shares of Perion Network in the 4th quarter worth $1,055,000. Acadian Asset Management LLC raised its position in shares of Perion Network by 4.7% in the 4th quarter. Acadian Asset Management LLC now owns 1,417,263 shares of the technology company’s stock worth $34,067,000 after buying an additional 63,852 shares during the period. Essex Investment Management Co. LLC raised its position in shares of Perion Network by 5.8% in the 4th quarter. Essex Investment Management Co. LLC now owns 62,691 shares of the technology company’s stock worth $1,508,000 after buying an additional 3,451 shares during the period. Finally, Yorktown Management & Research Co Inc raised its position in shares of Perion Network by 5.6% in the 4th quarter. Yorktown Management & Research Co Inc now owns 57,000 shares of the technology company’s stock worth $1,371,000 after buying an additional 3,000 shares during the period. 46.52% of the stock is owned by hedge funds and other institutional investors.
Shares of Perion Network stock opened at $20.73 on Friday. The business has a 50-day moving average of $19.24 and a 200-day moving average of $20.76. The company has a market capitalization of $920.85 million, a PE ratio of 14.20, a P/E/G ratio of 0.51 and a beta of 1.24. Perion Network Ltd. has a 1-year low of $16.41 and a 1-year high of $33.09.
PERI has been the subject of several recent research reports. Needham & Company LLC initiated coverage on Perion Network in a report on Friday, July 1st. They issued a “buy” rating and a $32.00 price target for the company. Raymond James increased their price target on Perion Network from $25.00 to $28.00 and gave the company an “outperform” rating in a report on Thursday, August 4th. Finally, StockNews.com downgraded Perion Network from a “strong-buy” rating to a “buy” rating in a report on Monday, July 11th. Five investment analysts have rated the stock with a buy rating, According to MarketBeat, the company has a consensus rating of “Buy” and an average target price of $33.25.
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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.
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