Perion Network Ltd (NASDAQ:PERI) rose 11% during mid-day trading on Monday . The stock traded as high as $6.38 and last traded at $6.25, approximately 1,051,635 shares changed hands during trading. An increase of 746% from the average daily volume of 124,285 shares. The stock had previously closed at $5.63.

A number of equities research analysts have weighed in on PERI shares. Zacks Investment Research upgraded shares of Perion Network from a “hold” rating to a “strong-buy” rating and set a $6.25 price objective on the stock in a report on Saturday. TheStreet upgraded shares of Perion Network from a “d+” rating to a “c+” rating in a report on Friday, August 9th. Lake Street Capital started coverage on shares of Perion Network in a report on Monday, July 8th. They issued a “buy” rating and a $6.00 price objective on the stock. Finally, ValuEngine cut shares of Perion Network from a “hold” rating to a “sell” rating in a report on Thursday, August 1st.

The firm has a market cap of $145.54 million, a PE ratio of 21.77, a PEG ratio of 2.41 and a beta of 1.04. The company has a quick ratio of 1.31, a current ratio of 1.31 and a debt-to-equity ratio of 0.23. The stock’s fifty day simple moving average is $4.45 and its two-hundred day simple moving average is $3.35.

Perion Network (NASDAQ:PERI) last announced its quarterly earnings data on Wednesday, August 7th. The technology company reported $0.11 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.03 by $0.08. The business had revenue of $63.57 million for the quarter, compared to analysts’ expectations of $59.40 million. Perion Network had a net margin of 4.55% and a return on equity of 7.51%. On average, equities research analysts anticipate that Perion Network Ltd will post 0.39 earnings per share for the current fiscal year.

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Essex Investment Management Co. LLC purchased a new position in shares of Perion Network during the 2nd quarter valued at $567,000. Renaissance Technologies LLC grew its position in shares of Perion Network by 5.5% during the 2nd quarter. Renaissance Technologies LLC now owns 1,274,659 shares of the technology company’s stock valued at $3,709,000 after purchasing an additional 66,340 shares in the last quarter. Wells Fargo & Company MN purchased a new position in shares of Perion Network during the 2nd quarter valued at $58,000. Seizert Capital Partners LLC purchased a new position in shares of Perion Network during the 2nd quarter valued at $316,000. Finally, Meitav Dash Investments Ltd. grew its position in shares of Perion Network by 30.3% during the 1st quarter. Meitav Dash Investments Ltd. now owns 17,210 shares of the technology company’s stock valued at $47,000 after purchasing an additional 4,000 shares in the last quarter. Institutional investors and hedge funds own 11.13% of the company’s stock.

About Perion Network (NASDAQ:PERI)

Perion Network Ltd. is a global technology company, which engages in the provision of advertising solutions to brands and publishers through innovative platforms. It is committed to providing data-driven execution, from high-impact ad formats to branded search and a unified social and mobile programmatic platform.

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