Squarepoint Ops LLC Has $1.12 Million Stock Holdings in Perion Network Ltd. (NASDAQ:PERI)

Squarepoint Ops LLC increased its stake in Perion Network Ltd. (NASDAQ:PERI) by 997.5% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 133,815 shares of the technology company’s stock after acquiring an additional 121,622 shares during the quarter. Squarepoint Ops LLC owned about 0.28% of Perion Network worth $1,117,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in PERI. Y.D. More Investments Ltd lifted its holdings in Perion Network by 580.4% in the second quarter. Y.D. More Investments Ltd now owns 264,379 shares of the technology company’s stock valued at $2,191,000 after buying an additional 225,520 shares during the period. ARK Investment Management LLC boosted its position in shares of Perion Network by 156.9% during the 2nd quarter. ARK Investment Management LLC now owns 192,002 shares of the technology company’s stock valued at $1,603,000 after purchasing an additional 117,253 shares in the last quarter. GSA Capital Partners LLP acquired a new stake in Perion Network during the first quarter worth approximately $820,000. Altshuler Shaham Ltd bought a new stake in Perion Network in the second quarter worth approximately $696,000. Finally, Vanguard Group Inc. lifted its stake in Perion Network by 2.4% in the first quarter. Vanguard Group Inc. now owns 1,485,179 shares of the technology company’s stock valued at $33,387,000 after buying an additional 35,476 shares during the period. 68.12% of the stock is currently owned by institutional investors.

Perion Network Trading Down 1.0 %

NASDAQ:PERI opened at $7.84 on Friday. Perion Network Ltd. has a 12 month low of $7.47 and a 12 month high of $32.99. The firm’s 50 day moving average is $8.29 and its 200 day moving average is $10.91. The stock has a market capitalization of $376.25 million, a PE ratio of 3.73, a price-to-earnings-growth ratio of 0.40 and a beta of 1.48.

Perion Network (NASDAQ:PERI) last announced its quarterly earnings data on Wednesday, July 31st. The technology company reported $0.15 earnings per share for the quarter, topping the consensus estimate of $0.12 by $0.03. The company had revenue of $108.69 million during the quarter, compared to analyst estimates of $106.98 million. Perion Network had a return on equity of 15.65% and a net margin of 11.34%. Research analysts predict that Perion Network Ltd. will post 0.91 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the stock. Needham & Company LLC reiterated a “hold” rating on shares of Perion Network in a research report on Thursday, August 1st. Lake Street Capital upgraded shares of Perion Network from a “hold” rating to a “buy” rating and set a $10.00 price objective on the stock in a report on Wednesday, July 31st. Finally, Oppenheimer cut shares of Perion Network from an “outperform” rating to a “market perform” rating in a research report on Monday, June 10th. Five investment analysts have rated the stock with a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat.com, Perion Network presently has an average rating of “Hold” and a consensus price target of $13.67.

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.