Meitav Investment House Ltd. Has $2.69 Million Holdings in Perion Network Ltd $PERI

Meitav Investment House Ltd. lessened its holdings in shares of Perion Network Ltd (NASDAQ:PERI) by 61.9% during the 3rd quarter, HoldingsChannel reports. The fund owned 279,786 shares of the technology company’s stock after selling 453,980 shares during the period. Meitav Investment House Ltd.’s holdings in Perion Network were worth $2,687,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Osaic Holdings Inc. boosted its holdings in shares of Perion Network by 209.9% during the second quarter. Osaic Holdings Inc. now owns 2,721 shares of the technology company’s stock worth $28,000 after purchasing an additional 1,843 shares during the period. Tripletail Wealth Management LLC purchased a new stake in Perion Network in the 3rd quarter worth approximately $95,000. R Squared Ltd purchased a new stake in Perion Network in the 2nd quarter worth approximately $116,000. Magnetar Financial LLC acquired a new stake in shares of Perion Network during the 2nd quarter valued at $144,000. Finally, NewEdge Advisors LLC purchased a new position in shares of Perion Network during the 1st quarter valued at $160,000. Institutional investors and hedge funds own 68.12% of the company’s stock.

Perion Network Trading Down 1.4%

NASDAQ PERI opened at $9.46 on Friday. The company has a market cap of $387.98 million, a P/E ratio of -36.38, a P/E/G ratio of 0.73 and a beta of 1.46. Perion Network Ltd has a 1 year low of $6.99 and a 1 year high of $11.79. The company has a fifty day simple moving average of $9.79 and a 200 day simple moving average of $9.83.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on PERI shares. Roth Capital reaffirmed a “buy” rating and issued a $14.50 price target (up from $14.00) on shares of Perion Network in a research note on Thursday, November 13th. Weiss Ratings restated a “sell (d+)” rating on shares of Perion Network in a research note on Wednesday, October 8th. Lake Street Capital upped their target price on Perion Network from $14.00 to $15.00 and gave the stock a “buy” rating in a research report on Thursday, November 13th. Finally, Craig Hallum set a $14.00 price target on Perion Network and gave the stock a “buy” rating in a research note on Monday, October 13th. Four 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. According to data from MarketBeat.com, Perion Network currently has a consensus rating of “Moderate Buy” and an average target price of $14.38.

Perion Network Company Profile

Perion Network Ltd. (NASDAQ: PERI) is a digital advertising technology company that offers a suite of solutions designed for both brand marketers and performance-driven advertisers. The firm’s platform integrates search monetization, programmatic display, video and connected TV (CTV) advertising to help clients reach and engage audiences across desktop, mobile and television environments. Through proprietary algorithms and AI-driven tools, Perion’s technology optimizes ad placements in real time, aiming to boost campaign efficiency and return on investment for publishers and advertisers alike.

Key offerings include search engine marketing services that cover major platforms such as Google and Bing, native and display advertising solutions under its Undertone brand, as well as social and video ad formats.