Shares of Perion Network Ltd (NASDAQ:PERI) traded today at $33.06, eclipsing its 52-week high. This new high was reached on approximately average trading volume as 769,000 shares traded hands, while the average 30-day volume is approximately 908,000 shares.
Perion Network Ltd is a technology company. It offers online advertising and searching solutions to brands, agencies, and publishers through desktop, mobile and social channels. Its products and services include Undertone, Codefuel, Makemereach and Smilebox. The company earns prime revenue from search fees and online advertising services. It operates in the business segment of High Impact Advertising solutions. Geographically, the group has a business presence in North America, Europe, and Other countries of which a majority of the revenue is derived from North America.
Perion Network Ltd (NASDAQ:PERI) is currently priced 59.0% above its average consensus analyst price target of $12.62.
In the past 52 weeks, shares of Perion Network Ltd have traded between a low of $7.28 and a high of $33.06 and is now at $30.76, which is 323% above that low price.
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