Perion Network (NASDAQ:PERI) Director Sells $28,489.32 in Stock

Perion Network Ltd (NASDAQ:PERI) Director Eyal Kaplan sold 2,916 shares of Perion Network stock in a transaction that occurred on Wednesday, July 1st. The shares were sold at an average price of $9.77, for a total transaction of $28,489.32. Following the completion of the sale, the director owned 54,142 shares of the company’s stock, valued at $528,967.34. This trade represents a 5.11% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Perion Network Price Performance

PERI stock opened at $9.40 on Friday. The firm has a 50 day moving average of $9.28 and a two-hundred day moving average of $9.32. Perion Network Ltd has a 12 month low of $7.63 and a 12 month high of $11.44. The company has a market capitalization of $366.88 million, a price-to-earnings ratio of -37.60, a P/E/G ratio of 1.30 and a beta of 1.17.

Perion Network (NASDAQ:PERI) last released its quarterly earnings results on Thursday, May 21st. The technology company reported $0.11 earnings per share for the quarter, beating analysts’ consensus estimates of $0.06 by $0.05. Perion Network had a negative net margin of 2.17% and a positive return on equity of 3.34%. The business had revenue of $90.40 million for the quarter, compared to the consensus estimate of $91.74 million. On average, research analysts expect that Perion Network Ltd will post 0.38 EPS for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Stableford Capital II LLC grew its position in shares of Perion Network by 173.5% in the fourth quarter. Stableford Capital II LLC now owns 215,960 shares of the technology company’s stock valued at $2,069,000 after purchasing an additional 136,999 shares during the last quarter. Nano Cap New Millennium Growth Fund L P bought a new position in shares of Perion Network in the fourth quarter worth about $551,000. North Star Investment Management Corp. acquired a new position in shares of Perion Network during the 1st quarter worth about $649,000. Magnetar Financial LLC acquired a new position in shares of Perion Network during the 4th quarter worth about $150,000. Finally, Centiva Capital LP bought a new stake in Perion Network during the 3rd quarter valued at approximately $115,000. Institutional investors and hedge funds own 68.12% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Perion Network Company Profile

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.