North Star Investment Management Corp. Buys New Position in Perion Network Ltd $PERI

North Star Investment Management Corp. bought a new stake in shares of Perion Network Ltd (NASDAQ:PERI) during the 1st quarter, HoldingsChannel.com reports. The institutional investor bought 65,000 shares of the technology company’s stock, valued at approximately $649,000.

Several other large investors have also recently bought and sold shares of PERI. Stableford Capital II LLC increased its stake in shares of Perion Network by 173.5% during the fourth quarter. Stableford Capital II LLC now owns 215,960 shares of the technology company’s stock valued at $2,069,000 after acquiring an additional 136,999 shares during the period. Nano Cap New Millennium Growth Fund L P bought a new stake in Perion Network during the fourth quarter worth approximately $551,000. Procyon Advisors LLC acquired a new stake in Perion Network in the fourth quarter worth approximately $119,000. CastleKnight Management LP lifted its position in Perion Network by 13.8% in the fourth quarter. CastleKnight Management LP now owns 479,020 shares of the technology company’s stock worth $4,589,000 after purchasing an additional 58,000 shares during the period. Finally, Clear Harbor Asset Management LLC bought a new position in Perion Network during the 4th quarter valued at $453,000. Institutional investors and hedge funds own 68.12% of the company’s stock.

Insider Buying and Selling at Perion Network

In other news, Director Eyal Kaplan sold 2,915 shares of the firm’s stock in a transaction on Wednesday, April 1st. The stock was sold at an average price of $10.00, for a total transaction of $29,150.00. Following the completion of the sale, the director directly owned 57,058 shares of the company’s stock, valued at $570,580. This trade represents a 4.86% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Over the last three months, insiders sold 6,764 shares of company stock worth $67,640. Company insiders own 2.78% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the company. Lake Street Capital set a $13.00 price target on Perion Network and gave the company a “buy” rating in a research report on Thursday, May 21st. Needham & Company LLC restated a “hold” rating on shares of Perion Network in a report on Tuesday, May 26th. Finally, Canaccord Genuity Group assumed coverage on Perion Network in a research note on Friday, March 20th. They set a “buy” rating and a $14.00 target price for the company. Four equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Perion Network has an average rating of “Moderate Buy” and a consensus price target of $13.88.

Perion Network Price Performance

PERI stock opened at $9.44 on Tuesday. Perion Network Ltd has a 12 month low of $7.63 and a 12 month high of $11.44. The firm has a market cap of $368.44 million, a PE ratio of -37.76, a P/E/G ratio of 1.28 and a beta of 1.23. The firm has a 50 day simple moving average of $9.38 and a 200 day simple moving average of $9.33.

Perion Network (NASDAQ:PERI) last posted its quarterly earnings results on Thursday, May 21st. The technology company reported $0.11 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.06 by $0.05. The firm had revenue of $90.40 million for the quarter, compared to analyst estimates of $91.74 million. Perion Network had a negative net margin of 2.17% and a positive return on equity of 3.34%. As a group, sell-side analysts expect that Perion Network Ltd will post 0.38 earnings per share for the current year.

About Perion Network

Perion Network Ltd. (NASDAQ: PERI) is a digital advertising technology company that offers a suite of solutions designed for both brand marketers and performance-driven advertisers. The firm’s platform integrates search monetization, programmatic display, video and connected TV (CTV) advertising to help clients reach and engage audiences across desktop, mobile and television environments. Through proprietary algorithms and AI-driven tools, Perion’s technology optimizes ad placements in real time, aiming to boost campaign efficiency and return on investment for publishers and advertisers alike.

Key offerings include search engine marketing services that cover major platforms such as Google and Bing, native and display advertising solutions under its Undertone brand, as well as social and video ad formats.