Based on the lastest quarterly filings, institutions continue to be large stakeholders in Perion Network Ltd. (NASDAQ:PERI). The big banks are holding 23.90% of the shares while company insiders are clinging to 36.50%. Shares of Perion Network Ltd. are currently valued at $3.23 with a furture target price of $6.75 according to research brokerages.
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Perion Network Ltd. (NASDAQ:PERI)’s stock has been a favorite of “smart money” aka institutions, as of late. Institutions are currently holders of 23.90% of the shares. On the other hand, company insiders are holding 36.50%. Perion Network Ltd.’s stock price currently sits at $3.23.
Let’s take a look at how the stock has been performing recently. Over the past twelve months, Perion Network Ltd. (NASDAQ:PERI)’s stock was 4.53%. Over the last week of the month, it was 1.89%, -11.75% over the last quarter, and 32.43% for the past six months.
Over the past 50 days, Perion Network Ltd. stock was -18.23% off of the high and 13.32% removed from the low. Their 52-Week High and Low are noted here. -20.25% (High), 51.64%, (Low).
Perion Network Ltd. (NASDAQ:PERI)’s RSI (Relative Strength Index) is 46.32. RSI is a technical indicator of price momentum, comparing the size of recent gains to the size of recent losses and establishes oversold and overbought positions.
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Another important element to consider is the price target and recommendations from brokerage firm analysts. On a consensus basis the Street sees the stock heading to 6.75 in the near term. Based on a 1 to 5 integer scale, analysts have a 2.00 recommendation on the name.
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