Perion Network (NASDAQ:PERI) Director Joy Sharon Marcus Sells 1,689 Shares

Perion Network Ltd (NASDAQ:PERI) Director Joy Sharon Marcus sold 1,689 shares of the stock in a transaction that occurred on Wednesday, July 1st. The shares were sold at an average price of $9.77, for a total value of $16,501.53. Following the completion of the sale, the director directly owned 29,260 shares of the company’s stock, valued at approximately $285,870.20. This represents a 5.46% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Perion Network Stock Performance

Shares of Perion Network stock opened at $9.40 on Friday. The business’s 50 day moving average price is $9.31 and its 200 day moving average price is $9.32. The company has a market cap of $366.88 million, a price-to-earnings ratio of -37.60, a PEG ratio of 1.33 and a beta of 1.17. Perion Network Ltd has a one year low of $7.63 and a one year high of $11.44.

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

Hedge Funds Weigh In On Perion Network

Several hedge funds have recently added to or reduced their stakes in the stock. Osaic Holdings Inc. lifted its position in shares of Perion Network by 209.9% during the 2nd quarter. Osaic Holdings Inc. now owns 2,721 shares of the technology company’s stock worth $28,000 after buying an additional 1,843 shares during the last quarter. Advisory Services Network LLC acquired a new stake in Perion Network during the 3rd quarter worth $77,000. Royal Bank of Canada lifted its position in Perion Network by 698.9% in the first quarter. Royal Bank of Canada now owns 10,170 shares of the technology company’s stock valued at $102,000 after acquiring an additional 8,897 shares during the last quarter. Virtu Financial LLC purchased a new stake in Perion Network in the third quarter valued at $100,000. Finally, Centiva Capital LP acquired a new position in Perion Network in the third quarter valued at $115,000. 68.12% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have commented on PERI. Canaccord Genuity Group assumed coverage on shares of Perion Network in a research note on Friday, March 20th. They set a “buy” rating and a $14.00 target price on the stock. Lake Street Capital set a $13.00 price target on shares of Perion Network and gave the stock a “buy” rating in a report on Thursday, May 21st. Finally, Needham & Company LLC reaffirmed a “hold” rating on shares of Perion Network in a research report on Tuesday, May 26th. Four equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price 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.