Perion Network (NASDAQ:PERI) Stock Price Passes Above 200-Day Moving Average – Time to Sell?

Perion Network Ltd (NASDAQ:PERI) crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $9.28 and traded as high as $9.64. Perion Network shares last traded at $9.61, with a volume of 299,087 shares changing hands.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on PERI shares. Needham & Company LLC reissued a “hold” rating on shares of Perion Network in a research report on Tuesday, May 26th. Lake Street Capital set a $13.00 target price on shares of Perion Network and gave the stock a “buy” rating in a report on Thursday, May 21st. Four investment 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. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $13.88.

Perion Network Stock Performance

The firm has a market capitalization of $373.91 million, a PE ratio of -38.32, a P/E/G ratio of 1.33 and a beta of 1.17. The stock has a fifty day moving average price of $8.91 and a 200-day moving average price of $9.28.

Perion Network (NASDAQ:PERI) last issued its quarterly earnings data on Thursday, May 21st. The technology company reported $0.11 earnings per share for the quarter, topping analysts’ consensus estimates 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 firm had revenue of $90.40 million during the quarter, compared to analysts’ expectations of $91.74 million. Research analysts expect that Perion Network Ltd will post 0.38 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Perion Network news, Director Eyal Kaplan sold 2,916 shares of the stock in a transaction dated 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 directly owned 54,142 shares of the company’s stock, valued at approximately $528,967.34. This represents a 5.11% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold 6,765 shares of company stock valued at $65,943 in the last ninety days. Insiders own 2.78% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Osaic Holdings Inc. lifted its position in Perion Network by 209.9% during the second quarter. Osaic Holdings Inc. now owns 2,721 shares of the technology company’s stock valued at $28,000 after acquiring an additional 1,843 shares during the last quarter. Advisory Services Network LLC purchased a new position in Perion Network in the third quarter worth $77,000. Virtu Financial LLC purchased a new position in Perion Network in the third quarter worth $100,000. Royal Bank of Canada increased its position in shares of Perion Network by 698.9% during the first quarter. Royal Bank of Canada now owns 10,170 shares of the technology company’s stock worth $102,000 after purchasing an additional 8,897 shares in the last quarter. Finally, Centiva Capital LP acquired a new position in shares of Perion Network during the third quarter worth $115,000. Institutional investors own 68.12% of the company’s stock.

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.