Perion Network Ltd. (PERI) Stock Price Hits 1 Year Low Today

March 14, 2018 - By Stephen Andrade

The stock of Perion Network Ltd. (NASDAQ:PERI) hit a new 52-week low and has $0.81 target or 3.00 % below today’s $0.84 share price. The 8 months bearish chart indicates high risk for the $64.82M company. The 1-year low was reported on Mar, 14 by If the $0.81 price target is reached, the company will be worth $1.94M less.
The 52-week low event is an important milestone for every stock because it shows very negative momentum and is time when sellers come in. During such technical setups, fundamental investors usually stay away and are careful buying the stock.

The stock decreased 1.67% or $0.0142 during the last trading session, reaching $0.8358. About 142,344 shares traded or 18.87% up from the average. Perion Network Ltd. (NASDAQ:PERI) has risen 13.95% since March 14, 2017 and is uptrending. It has underperformed by 2.75% the S&P500.

Perion Network Ltd. (NASDAQ:PERI) Ratings Coverage

Among 2 analysts covering Perion Network (NASDAQ:PERI), 1 have Buy rating, 0 Sell and 1 Hold. Therefore 50% are positive. Perion Network had 3 analyst reports since August 22, 2015 according to SRatingsIntel. The stock of Perion Network Ltd. (NASDAQ:PERI) earned “Buy” rating by Benchmark on Saturday, August 22. The firm has “Buy” rating given on Wednesday, November 4 by Chardan Capital Markets. As per Monday, October 31, the company rating was downgraded by Benchmark.

More notable recent Perion Network Ltd. (NASDAQ:PERI) news were published by: which released: “Perion Network Ltd. PERI (US: Nasdaq)” on November 10, 2011, also with their article: “Perion Extends and Enhances 3 Years Agreement with Bing” published on October 26, 2017, published: “Perion Network to Announce Fourth Quarter and Year End 2016 Financial Results …” on February 28, 2017. More interesting news about Perion Network Ltd. (NASDAQ:PERI) were released by: and their article: “Perion Network: Enough Is Enough” published on September 20, 2016 as well as‘s news article titled: “Perion Network: It Can’t Be This Bad” with publication date: June 30, 2016.

Perion Network Ltd., a technology company, delivers advertising solutions to brands, advertising agencies, and publishers in North America, Europe, and internationally. The company has market cap of $64.82 million. It develops digital advertising solutions to capture consumer attention and drive engagement, as well as delivers ads across a portfolio of Websites and mobile applications. It currently has negative earnings. The company's proprietary social marketing platform offers a dashboard for marketers that make media buying efficient on Facebook, Instagram, Twitter, and other social networks and platforms.

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